Factoring

Is your business faced with the challenge of finding the capital to improve or increase the cash flow of the business. Then Factoring may be the answer for your business in the time of growth.

Unlike banks or asset-based lenders, we look primarily to the assets of your business. Our facilities grow with you and will not affect the ownership or equity of your business.

We can help provide funding against your receivables where you sell to businesses on credit terms; this can include credit-worthy export customers. Receivable funding is offered for business throughout Europe, Canada, Australia and India, and can consider not only export funding, but also look at collections servicing in many overseas companies.

Types of Factoring Available:

• Export Receivables  - Export finance service helps you develop your overseas business profitably and with confidence.

• Purchase Order Finance  - Purchase order finance service (PO Finance) exists to make your deals not only possible, but profitable.

• Transportation Finance  - Freight bill funding programs relieve the pressures of cash flow and time in running a trucking company.

• Staffing Finance  - Staffing Finance combines receivables funding, payroll management, invoicing and more to provide an excellent back office solution for staffing companies.

What is it Receivable Financing?

Receivable Funding (Accounts Receivable Financing) service means that we can help you improve your cash flow by providing an immediate advance of cash against the value of your outstanding invoices.

This means your business has access to an ongoing supply of cash directly linked to your sales. So as your business grows so does the amount of funding we can make available to you allowing your business to constantly be able to meet increasing demand.

You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.

Most Fortune 500 companies have used Accounts Receivable Funding to improve cash flow and enhance growth.

The Benefits of our Accounts Receivable Funding Service

Accounts receivable funding is not a loan; it's an advance against your customers' invoices. Its principle benefit is giving your business an increase in working capital without needing to borrow money, tie up your business or personal assets, or give up equity. This boost to your cash flow positively impacts your profitability, allowing you:

• to take advantage of discounts on bulk purchases and early payments with your suppliers
• to stop offering early payment discounts to customers
• to extend credit to customers on large orders
• to pay back taxes and liens and fund payroll
• access to the necessary funds for growth

In addition to the cash provided, we can also free up valuable management resources. Managing your accounts receivable by going after and collecting outstanding invoice payments from your customers on your behalf so that you have more time to concentrate on generating new business. This is done by preparing and send out statements, telephone all your customers, collect payments for you and maintain professional and detailed accounts of your transactions.

Accounts Receivable Financing

• Accounts Receivable Financing boosts your cash flow by providing an immediate advance of cash into your business against the value of your outstanding invoices.
• Your business has access to ongoing cash flow funding linked to your sales, so as your business grows so does the amount of funding available to you.
• Saves you valuable management time by preparing statements, communicating with your customers, collecting payments for you and maintaining professional and detailed accounts of your transactions. This saved time can be spent driving business forward.
• You remain in control by working with a dedicated team who ensure your customers are as happy to deal with us as they are with you.
• By working with a Receivables Funder, you will see a significant reduction in debtor days and improvement in cash flow, resulting in valuable management time that can be spent driving business forward.
• By making use of a receivables funding facility, you could see improved profitability by being able to take advantage of discounts on bulk purchases and early payments with your suppliers.
• Factoring service provides a flexible supply of working capital, giving you the time to realize your plans.

What is Purchase Order Financing?

Large orders, seasonal sales and business expansion can place real pressures on your cash flow. Some suppliers want you to pay cash on delivery, while your customer wants to pay you net 30 to net 60 days. At the same time, labor, packaging and shipping costs all have to be met. While the opportunities for future sales and growth may be great, these conditions constrict the life blood of your business - your cash flow.

Purchase order finance service (PO Finance) exists to make your deals not only possible, but profitable. Funding can be used against confirmed orders, or one-off sales, to individual customers. There are 3 different types of facility, linked to a receivables funding facility, that you could make use of dependent on your situation:

Making Direct Payments to your Supplier

Advances up to 100% of the confirmed purchase cost to your supplier by paying them directly and taking ownership of the goods. Our bank collect the invoice payment from your customer and pay you the balance between the order value and the amount paid to your supplier, minus our fees and cost of money used, once payment has been received.

Issuing a Letter of Credit

This is a commitment to pay the supplier on their fulfilment of certain conditions backed by a Bank. The conditions are normally related to the provision of correct documentation. These Letter of Credits are governed by the regulations of the International Chamber of Commerce.

Supplier Guarantee

This is a commitment to pay the supplier from the availability generated on the funding of the receivables when generated relating to the purchase transaction.

What is Freight Bill Funding?

Freight Bill Funding (freight bill factoring / freight bill financing) programs relieve the pressures of cash flow and time when running a trucking company. Products and services to help you finance your transportation business and streamline the administrative side of your business.

Turning Freight Bills Into Cash

This is an easy process. For your initial funding you can either:

The initial funding process, from receipt of application, usually only takes from two to six business days, depending upon the size of your trucking business.

After your initial funding you will receive up to a 95% advance on your freight bills the next business day.

Freight Bill Funding

We have a selection of flexible freight bill funding programs that we can tailor to suit your transportation company's needs.

Our client service team is dedicated to only servicing transportation companies clients and, therefore, is experienced not only in your needs but also in how to deal with your clients in a professional and courteous manner. As part of our Freight Bill funding program you will receive:

• Cash within 24 hours to either your funding bank account
• Dedicated, professional account executives operating a collection service for you.
• Free online credit checks on your clients, updated weekly, available 24 hours / 7 days a week
• Back Office Management, issuing statements, mailing of invoices, verification and professional collection calls
• Bad Debt Protection, if you choose to include this with your facility; non-recourse is available for facilities up to $100,000
• Online Access to your facility with full reporting
• Online Imaging, access to images of remittances / checks received from your clients

Many businesses and business owners face the challenge of finding the capital to improve or increase the cash flow of the business, especially when in a growth cycle. We understand these pressures and our programs are geared to growing with you as a business. Unlike banks or asset based lenders, we look primarily to the assets of your business; our facilities grow with you and will not affect the ownership or equity of your business. We can provide funding against your receivables where you sell to businesses on credit terms. We fund temporary placements and can consider permanent placements.

What is Staffing Financing?

Many businesses and business owners face the challenge of finding the capital to improve or increase the cash flow of the business, especially when in a growth cycle. We understand these pressures and our programs are geared to growing with you as a business. Unlike banks or asset based lenders, we look primarily to the assets of your business; our facilities grow with you and will not affect the ownership or equity of your business. We can provide funding against your receivables where you sell to businesses on credit terms. We fund temporary placements and can consider permanent placements.

Payroll Management & Invoicing Services

Our Bank partner offers a comprehensive payroll management and invoicing services that take many of the headaches out of running the administration of your business. These services include;

Payroll services

• Web based program
• Complete payroll preparation and processing
• Check printing at any location
• Timely tax deposits (Federal, State, Local)
• W-2's, including magnetic film
• Direct Deposits
• Worker's Compensation Program
• Debit Card Program
• 24-Hour Turnaround
• Extensive Weekly and Quarterly Reporting, and Filing where appropriate

Invoicing services

• Invoice preparation and printing
• Integration with receivables funding
• Sales Reports

Full back office

Includes the above payroll and invoicing services plus;

• Extensive HR reporting
• Tracking of workers compensation
• Profit reporting by company, client and employee

Additional services

• Discounted Insurance
• 401K and Retirement Planning Advice for Employees

Turning Accounts Receivables Into Cash

This is an easy process. For your initial funding you can either;

The initial funding process, from receipt of application, normally only takes from three to seven business days, depending upon the size of your business and the complexity of the facility.

After your initial funding you will get the advances against your verified receivables within 24 hours.