| Purchase Order and Receivables Financing |
| Unlike many banks and lenders, this Funding Entity will look at the financial strength and credit worthiness of your company for primary approval. Because of this, new companies or companies without strong balance sheets may be approved. Purchase Order Finance You want funding to fulfill a confirmed order or an individual sale, to a creditworthy customer! Large orders, seasonal sales and business expansion can place real pressure on your cash flow. Some suppliers want you to pay cash on delivery while your customer wants to pay you net 30 to 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. Our purchase order finance service (PO Finance) exists to make your deals not only possible, but profitable. We can provide funds 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 We can advance up to 100% of the confirmed purchase cost to your supplier by paying them directly and taking ownership of the goods. We 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 fulfillment of certain conditions backed by either a Bank or PO Lending Entity. The conditions are normally related to the provision of correct documentation. Letter of Credits are governed by the regulations of the International Chamber of Commerce. Supplier Guarantee This is a commitment to pay the supplier by PO Lending Entity from the availability generated on the funding of the receivables when generated relating to the purchase transaction. Receivables Funding Improve Your Cash Flow And Save Management Time! What is it? Our Receivables Funding (Account Receivable Factoring) 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. Then as you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once we have received payment from your customer. 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 Account Receivable Funding to improve cash flow and enhance growth. The benefits of our Account Receivable Funding service The principle benefit of Account Receivable Funding is the increase in working capital available to your business without needing to borrow (receivables funding is not a loan it is an advance), 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 that we provide, we can also free up valuable management resources. We manage your account receivables 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. We will prepare and send out statements, telephone all your customers, collect payments for you and maintain professional and detailed accounts of your transactions. Competitive Rates Everyone refers to their rates as competitive. We mean it. We typically save our clients at least 20% in fees over their existing receivables funder, often much more. Why? When you fund over $5 billion of receivables a year you have economies of scale you can pass onto your clients. Stability & Openness We are financially stable and open with our information. Want proof? Ask for our parent company's annual report and we will provide it. Ask our competitors for their audited balance sheet… surely a funding provider will be willing to show you their financial strength? Variety Whether you are a new start-up or in business for 70 years; whether you are a service business or a manufacturer; as long as you sell to other businesses on credit terms of 60 days or less we look forward to working with you. We can fund business from start-up to facilities of $5 million funds advanced; we are happy to work with business in high growth mode, restructuring and / or Chapter 11 or D-I-P situations. Funding Amounts: $20,000- $5 Million (per month) Approval/Closing: Average (5-7) days after submission of documents (application and other documents). Initial Documents Required: 1) Letter of Intent: From direct borrower, on letterhead with all contact information: Confirm what you have and what you require. 2) Company Summary: Information on company, how long in business, product being sold, yearly sales, sales history with client that you require financing for. 3) Information on Client/Order that requires financing. Name of company, financial strength of company, web site, terms of sale and delivery, information on product being sold. 4) Purchase Order- Provide copy of PO or information on receivables or Import/Export Order(s). Information will be submitted for initial review. If interested, client will be sent an Application to be completed along with a request for information. Please send initial documents in order to receive information on approval and terms to: ComResInvest@aol.com |
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