Accounts Receivable Financing (Factoring)

PROVIDING CAPITAL FOR GROWTH

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. Getting steady and predictable working capital is essential for any business health. Through the purchase of your accounts receivable, a company can utilize the working capital strategy that many successful companies have use for decades.

First Capital Funding Corporation accounts receivable financing program can immediately give your company the working capital advance 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.

Factoring is designed to provide you with the working capital needed and 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. This will give you the predicatable cash flow that you need month after month in working capital.

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.


Figure 1.  Factoring Funding Process Chart

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!

WHAT KIND OF COMPANIES DO WE FUND?

We will purchase Accounts receivable from:

• Manufacturers
• Service providers
• Temporary staffing companies
• Contractors and subcontractors
• Trucking companies
• 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 or Toll Free at 888-755-8521.

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!