In today's economic environment, companies
of all sizes recognize the importance of fully utilizing
their resources in order to meet the credit and financing
requirements necessary for stability and growth. Getting
steady and predictable working capital
is essential for any business health. Through the
purchase of your accounts receivable, a
company can utilize the working capital
strategy that many successful companies have use
for decades.
First Capital Funding Corporation accounts receivable financing
program can immediately give your company the working
capital advance needed to meet current operating
demands and provide for future expansion. Bottom line; STAYING
COMPETITIVE!
First Capital Funding Corporation (FCFC)
Accounts Receivable Financing program is
designed to help small to medium size companies that need
operating capital. It is the focus of the
program to aid with the financial requirements of growth
oriented companies and in aiding them to continue their
expansion. We are well capitalized and can fund as much as
$50,000,000.00(50 Million!) per month to any one client.
Funding takes 2 to 3 days on the initial request and 24
hours or less thereafter.
OUR CREDIT GUARANTEE
Accounts Receivable Financing also referred to as
Factoring, significantly reduces the risk of
not getting paid by your customers.
Factoring is designed to provide you with the
working capital needed and a credit guarantee at no extra cost
that assures you that even if your customers go out of
business, you'll get paid.
We can also help you make better credit decisions by providing
with accurate and speedy credit information on your
customers.
And, with our expertise in
accounts receivable management, your invoices will be paid
more quickly. Accounts Receivable Financing can provide you
with that and more.
MEETING YOUR SPECIFIC NEEDS
Regardless of what you money requirements
are we can help you. The typical First Capital Funding Corp.
client is seeking $20,000 to $4,000,000 per month. Depending
on the needs of your business, we prepare an Accounts
Receivable Financing program that will purchase a specified
level of invoices, on a monthly basis, over a given period
of time, all determined by you. This will give you the
predicatable cash flow that you need month after month in
working capital.
The advance rate (the percentage of each
invoice that we initially fund) depends on your company's
unique financial need and your customer's standing and can
be adjusted as your needs change. Totally flexible to adjust
your needs.
In a nutshell Accounts Receivable Financing or
Factoring works as follows:
The factor fully manages your sales ledger and provides you
with credit control and collection services of all your
outstanding debts.
The invoices you issue upon a sale are sent to the factor who
typically advances up to 70 to 90% of the invoice amount to
you. The balance, less charges, is paid when your customer
makes payment directly to the factor.
The service is disclosed to your customer who typically
receives a letter from the factor, or attached note to your
invoice, containing payment instructions to the factor.
The Application process works as follows:
1. Once your application is submitted to us we will send you an
answer within 24 hours in the form of a "written proposal" or
"propose term sheet" stating exactly how we intend to fund your
invoices and under what rates, etc.
2. If this proposed term sheet meets your approval we will
start the due diligence process immediately. This step will
take 3-5 days.
3. Once we approve all the due diligence we will prepare all
the documents and arrange for your initial funding. Estimated
time of completion from start to funding can take up to 10
days.
After the initial funding, 24 hr turnarounds are
the norm.
The funding of the initial payment is determined by the
selected advance rate stated in the term/offer sheet.
The remaining balance is paid to you after we receive payment
from your customer. We do not collect our fee until your
customer pays.
Because your unique company financial needs may change from
month to month, we will develop a funding program that is
sensitive to those changes and easily adaptable.
FLEXIBILITY IS THE NAME OF THE GAME!
Don't recognize some of the terms? Check the terms
glossary.
WHAT KIND OF COMPANIES DO WE FUND?
We will purchase Accounts receivable
from:
Manufacturers
Service providers
Temporary staffing companies
(Click here for more info)
Contractors and subcontractors
(Click here for more info)
Trucking companies (Click here for
more info)
Wholesalers
Assemblers
Any other company required to hold
receivables due from credit worthy
customers.
Do you qualify? Yes if...
You are selling products or
services to credit worthy companies, institutions or the
government. If in doubt about the credit worthiness of your
customer, you can always call at 1-800-346-0136 and speak to
one of our professionals and they will quickly evaluate whether
we will purchase a particular invoice.
Acceptable examples of credit worthy companies
are:
Companies well rated with
Dunn & Bradstreet
Universities and
Hospitals
Federal, State or local
Governments
Large not for profit
organizations
You are able to submit invoices we
can verify. We need to establish that the work has been
performed or the product has been delivered and that the
customer is satisfied and will validate the invoice.
You are able to sell us current invoices. Occasionally we will
consider some recently outstanding invoices, but we prefer to
purchase new invoices that have never been delivered to the
customer.
You own the invoices you intend to sell. the invoices sold to
us may not be pledged or encumbered in any way or have any
liens against them.
Do you want to see exactly how
Factoring can INCREASE your profits?
Click here!
DO YOU WANT TO
APPLY?
Funds Available Now!!!
We have immediate funds for small to
medium size companies. All you have to do is complete our
online application (Client Preliminary Evaluation Form) or
download the two page (PDF file) application, complete at
your convenience and Fax to 305-704-3879.
Once approved you can have your first funding in less than 3
days!!!
Still unsure? take our online test on how exactly your company
can benefit from an accounts receivable financing program. We
will provide you with a FREE written analysis yours to
keep.
So what are you waiting for?
ACT now and get the CASH you need! Call 1-800-346-0136 to get
started now!
Not sure? Answer this questions and click submit to see if you
could use Accounts Receivable Financing or
Factoring?
Not
sure? Answer this questions and click submit to see if you
could use Accounts Receivable Financing or
Factoring?
