Boost business CASH flow without bank loans.
If your business extends credit to customers on net terms, depending on how long the terms are for, you must wait a while
before you can actually get paid. Until then, you are left with accounts receivable. Accounts receivable are simply future
payments that you are entitled to collect for goods or services provided after a given amount of time.
Our company, ETH Capital, provides working capital for small businesses with program specifically designed
to help companies manage their cash flow by turning receivables into cash. Factoring is not a business loan; there is
no debt created and no payments to pay back, it is fast and easy!
We simply purchase
your receivables by giving you an advance payment up front. This advanced payment is usually 70 - 80% of the total value of
the receivables. After charging a small fee the remaining balance is released upon full receipt of payment for all the
receivables/invoices. This allows your business to be able to make those larger sales and still have the working capital to
continue operations and further growth.
Reasons
to Factor:
- Obtain a source of working capital, stimulates cash flow
- Relies on the strength of a business's customers
- Fill more orders
- Flexible funding program that increases as you increase your sales
- To have funds for
payroll and taxes
- Extend credit to customers on large orders
- Buy
equipment or inventory on demand
Small
Business Accounts Receivable Program:
- Credit Lines up to $10,000.00 or less (to start)
- Account Set-Up 10 days or less on approved clients
- High
Advance Rates up to 80% of eligible receivables
- No Tax Returns
Required
- Credit Scores Not considered for approval
- No monthly minimums or long term contracts
Qualifications
- Honest small business owners in need of improved cash flow.
- Have an existing incorporated or limited liability business and business license (we
don't fund sole proprietors)
- Wish to factor fresh and ongoing invoices to creditworthy
business or government customers (not private individuals)
- Company must factor $10,000.00 or less of A/R for the initial funding
- May be young or start up companies, or may have been in business for some time. The significant matter is the
need for improved cash flow.
- Have no UCCs or liens outstanding,
nor unsatisfied judgments
- Invoice Terms : Net 30 days
or less
- Must have a minimum of 3 customers to factor
- Less than 50 invoices per month in volume
- All principals must have No theft, fraud or violent criminal history
- Invoices considered for funding must have work performed or products delivered and accepted by customer
- Are not in the construction industry. Do not bill insurance companies, Medicare/Medicaid,
or private individuals for medical or other receivables. However invoices to hospitals and creditworthy medical-related
businesses are welcome.
- Must not currently be in a Bankruptcy
FREE, No Obligation Consultation!
