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For Assistance Call Story Financial Group (800) 480-3928
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For Assistance Call Story Financial Group (800) 480-3928 |
| ACCOUNTS RECEIVABLE FUNDING |
Receivables financing provides well in excess of $200 billion of
improved cash flow to industry each year. It has been used for
decades by multi-billion-dollar Fortune 500 companies such as
IBM, Georgia Pacific, Scott Paper, Honeywell, and Shell Oil.Now, this proven, debt-free, and flexible method of effectively multiplying your working capital is available to smaller-sized businesses like yours.Widely accepted as an alternative financing source, accounts receivable funding is used extensively in almost every industry by companies that need immediate cash -either for growth or for survival -and may or may not qualify for traditional loans or grants. Some Advantages of Accounts Receivable Funding are:
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| OTHER CASH FUNDING AND BUSINESS SERVICE PROGRAMS |
Future Sales FundingThis funding is intended for those that have a temporary need for cash now but do not issue invoices and therefore are not qualified for accounts receivable funding. This would include almost all retail establishments and restaurants. Funding will be based on a percentage of estimated future sales and collected off the credit card receipts as they come in. |
Asset Based LendingAsset based lending is a debt instrument where the borrower collateralizes a loan using an asset or a pool of hard assets. Typically, it could include, but not be limited to, property, buildings, equipment, and inventory. Assets are evaluated and the loan principal amount is calculated as a percentage of each asset class. Unlike the recent mortgage market, in no circumstances will the loan value ever exceed the total evaluation of the assets. This lending is intended for larger and longer term needs and many funding sources will not look at a package for less than $500,000. |
Purchase Order FinancingPurchase Order Financing is designed for those cases where you have just received a large purchase order or contract for future work and have immediate cash needs to cover necessary up front expenses such as hiring and training of new employees, modifications to real property, etc. You can receive cash now and then reimburse the funds when the profits from the new order are being received. This funding is only available for manufactured product, not service or construction companies. It is usually designed to be used as bridge financing and is more expensive than factoring or typical lines of credit so those sources should be used first if possible. Delinquent Account Assistance If you are tired of dealing with those delinquent accounts and find that it is taking too much of your time and your staff's time then turn it over to the experts. These companies specialize in collecting these accounts and will even purchase your delinquent accounts from you now at a discount. There is even one company that will negotiate past due invoices that you have received that you dispute or can not pay for some reason. |