Who Qualifies?
- Any business with commercial receivables may qualify (including those in Chapter 11 or with a negative net worth as long as their debtors are creditworthy)
- Line/Loans Size: 50K – 6mm
- LTV: Up to 90%
- Pricing: Usually between 1.25% – 2% charged monthly
- Revolving Credit lines (500k and above) – paid on employed funds accrued daily; pay on funds you use!
- Approval Process: We can usually provide an initial funding of up to 90% of a business’s total outstanding A/R within 3 – 5 days of receiving a complete application. Moving forward we fund daily as new invoices are generated (they just fax/ scan us a copy)
What can factoring do for you?
- Pay suppliers, 941 taxes, and employees promptly
- Serve larger customers and increase order size
- Eliminate credit-department costs
- Earn discounts from suppliers for making cash payments
- Have access to more funds than typically available from
bank financing
Contact James 330 832 5253 or james@jdbfinancialllc.com
