A nightmare for many small to mid-sized
businesses is providing a service or selling a product to their customer only to
realize they have to wait for payment.
This doesn’t help when you’re trying to grow the business, make payroll,
buy more supplies for the next project, pay your monthly operating expenses and taxes are coming due.
line of credit
is a great finance tool to stabilize your cash flow while
you wait the 30 – 60 days to get paid from your customers. You can access the money when you need it and
payoff what you borrowed when your customer pays you. Your available balance increases each time
you make a payment. This is a true
revolving line of credit where you retain ownership of your invoices and your
customers are not contacted for verification purposes. This is a non-notified type of asset based
loan where your invoices are used as collateral and not purchased. This type of credit line allows you to borrow
against the entire balance and not just one invoice at a time.
We work well with the following types of
industries and/or trades:
- Government Suppliers
- Business Services (Staffing, Janitorial, Security, Landscaping, etc)