Top10Financing.com
info@top10financing.com

Got Questions about Financing?

Here's the best advice for small business owners, entrepreneurs and real estate investors.

Yes, Sign Me Up Now!!!
  • HOME
  • Our Blog
  • Starting a Business?
  • 6 Steps to Business Financing
  • Step 1: Take a Personal Inventory
  • Step 2: Know Your Credit Scores
    • Credit Repair
  • Step 3: Build Business Credit
  • Step 4: Prepare a Business Plan
    • Business Plans
  • Step 5: Identify the Financing Options
  • Step 6: Make the Pitch to the Right Financing Source
  • Business Financing Consultations
  • Take the Business Financing Quiz!!

Non-Traditional Line of Credit Based on Accounts Receiveable Volume

7/8/2014

0 Comments

 
There  is a variation of factoring which in many cases provides a business with much  needed cash flow, when the company would otherwise not be able to get financing. With this “borrowing base” factoring product, we aggregate all of your invoices to give you a line of  credit based on the total amount of invoices you have outstanding. This becomes  your “borrowing base.” It’s the same concept as borrowing from a bank, but our
method gives you immediate access to daily cash flow, plus the flexibility and  cost controls linked to the size and timing of your advance. With our borrowing  base factoring, you …

*Decide how much cash we advance you
*Decide when we advance it to you
*Pay a one-time discount fee on your advance and an interest charge at the end of each month based on your average cash outstanding
 
Additionally, we do not verify like traditional factors. Instead, we periodically call a select handful of customers to confirm receipt of product or service and  customer satisfaction. Rather than verifying every invoice before paying, our quality-assurance program allows you to receive same-day funding, each and every
day. Our quality controls also help you pinpoint early on any potential problems with your product or service, allowing you to resolve issues proactively with your customer.

The decision to factor involves many criteria but the choice on how to factor is clear. Borrowing base factoring gives you the flexibility, security and speed you need to boost business.

Are you or do you know a business with low cash flow but high receivables, or a client denied by a bank, asset based lender or private equity source? Contact us  today to learn more about why borrowing base factoring could be a smart solution for your cash-flow needs.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Top10Financing News -Here is our blog:

    Archives

    February 2016
    January 2016
    December 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    September 2014
    July 2014
    October 2013
    September 2013
    July 2013
    May 2013
    March 2013
    December 2012
    November 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011


    Affiliate Disclosure: In some posts we may recommend products or services for which we receive compensation.  However, we only recommend products that we've either personally checked out or that come from people we know and trust. When you purchase something from a link in this blog, we may receive compensation, but the price to you is the same regardless of whether we are compensated.  Our first priority is to provide information and resources to help you  in your endeavors  (affiliate or otherwise).  Affiliate compensation helps to offset the costs associated with maintaining a high quality blog.
Affiliate Disclosure: On this website we may recommend products or services for which we receive compensation.  However, we only recommend products or services that we've either personally checked out or that come from people we know and trust. When you purchase something from a link, we may receive compensation, but the price to you is the same regardless of whether we are compensated.  Our first priority is to provide information and resources  (affiliate or otherwise) to help you in your business endeavors.  Affiliate compensation helps to offset the costs associated with delivering high quality information to you.
                              Copyright © 2011-2016, Asset Financing Group, Inc., All Rights Reserved
Photo used under Creative Commons from frankieleon