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. Through the purchase of your
accounts receivable,
First Capital Funding Corporation accounts receivable
financing program can immediately give your company the
capital 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.
Accounts Receivable Financing is designed to provide you
with 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.
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?
