Contact Address

Toronto, Ontario, Canada,
Williamsville, New York, USA
CONTACT NO.: 877-908-3868

Alternative Financing Solutions

When you need working capital, where do you turn? Banks? Investors? Relatives?

These days, banks aren’t the easiest places to get money. You need assets, strong cash flow, and a record of success. To make matters worse, banks prefer to loan you a very specific amount of money – then as soon as you get the cash, you have to start paying it  back.

Commonly referred to Factoring is defined as the purchase of an Invoice for a business to business or business to government transaction for products delivered or services rendered in the past, at a discount fee. Factoring is NOT a LOAN; it is the discounted purchase / sale of a non performing asset (accounts receivable/outstanding invoices) that is paid over time.

Before the 1980s factoring was used primarily in the garment, textile, and furniture industries – typically only available to larger companies. Factoring has since become a widely accepted financing alternative and in many cases the financing tool of choice to help companies thrive.

In today’s credit climate businesses are holding on to their cash for as long as they can. This means that suppliers to these businesses are getting “stretched out” – regarding payment. Companies that were accustomed to receiving payment on their invoices in 30 days are now faced with the reality that the payment cycle is now surpassing 60 days or more. The trickle down effect of this is tremendous.

Without the needed cash flow, companies are forced to make tough decisions. Employees are being let go (no money for payroll), supplier payments are delayed (resulting in delayed or cancelled shipments for future orders), delaying payment of operating expenses (negatively effecting the company’s credit history which will adversely affect their purchasing power), payment of taxes are delayed (resulting in judgments and tax liens). By selling some or all of their invoices a company can receive up to 90% of the total face value of an invoice creating immediate cash flow to sustain the day to day operating challenges

Purchase Order Funding

A Purchase Order is a formal agreement between a company (supplier) and a customer regarding a product being hipped on a certain time and sold at a certain price.

Purchase Order Funding is a short term financing tool that provides 100% of the cost associated in filing a purchase order from a creditworthy customer. When a business (distributors, wholesalers, resellers, new start up company) receives a purchase order for a product, the business often needs money in advance to pay the supplier for the product that has been ordered. In most cases the purchase order has to be for a finished good or product to qualify for Purchase Order Funding.

Purchase order transactions are distinct from factoring transactions in that purchase orders are simply a promise to buy goods rather than an invoice for goods already delivered.

Medical Factoring

Doctors and professionals that bill insurance, HMO’s or Medicare/Medicaid know how the payment cycle of the industry works. Basically, hurry up and wait, is the call of the day. It is not uncommon for a medical professional to send a claim to an insurance company and have to wait 30, 90 or even 120 days before they get paid. In the meantime, the office needs to pay employees and suppliers.

Medical receivables factoring can provide a much better alternative. Medical Factoring eliminates the payment delay, getting insurance claims paid in as little as 2 days. This streamlines cash, allowing the physician’s office to easily meet its obligations.

It’s simple and works like this:

1. The medical office sends claims to the insurance company

2. A copy of the claims is sent to the factoring company for financing

3.The factoring company advances between 60% and 85% of the claims

4. Once the claims are paid, the transaction is settled

Asset Based Lending

An Asset Based Loan is a formula based credit facility often used by companies with high financial leverage and insufficient cash flow. An asset based loan is secured by pledging the borrowers accounts receivable, inventory, machinery and equipment as collateral for the loan. Companies in the manufacturing, distribution and service industries are good candidates for an asset based line of credit.

When evaluating a potential loan an asset based lender always focuses on the ability to monitor the collateral and the strength of the collateral as the source of repayment for the loan. This is different from a “traditional” bank loan where the credit decision is based on the current financial strength of the business.

Merchant Insta Pay

Our company specializes in providing on-line digital Merchant account payment systems for non-bankable and high risk vendors. Don’t let good credit, bad credit, no credit or type of business stand in the way of processing real time on-line or terminal payments today.

When the name brand credit card companies say NO, We typically say YES and Vendors from around the world are seeking our resources to quickly process their orders.

Through our patented peer to peer, no hold back cash box payment system you are just minutes away from setting up your own secure, universal, private on-line digital Merchant account payment system – and best of all there are no contracts to sign, no credit limits, limited paperwork and zero implementation fees in the United States and Canada.

Imagine what it would feel like to accept any form of payment for any product or service without waiting for your money? Well now you can call us today!