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?
