Resources:
We've got your cash flow solutions !
Funding, Factoring & Administrative Services
Although we specialize in Angel funding, somewhere between venture capital and commercial lending institutions lie a variety of non-traditional solutions that can also provide the working capital necessary to bring your business vision into reality.
Today, business is a balancing act. If you had the cash now generated by your receivables or purchase orders, what could you do with it? Would you negotiate better vendor discounts, raise your prices or, increase your credit lines to fund new growth for your business? If so, you should be serious about considering all available options that could provide the necessary working capital to fuel these new avenues for your business.
As a venture capital resource company with strong strategic partnerships worldwide, we can offer a multitude of funding and cash flow solutions specifically designed to provide the ultimate in financial flexibility for small, medium and emerging companies. A variety of plans are available to serve your business needs no matter where you are in the business life cycle.
Perfect for Start-ups
If your company performs business-to-business (B2B) transactions that generate at least $25,000 per month in revenue, you are a great candidate for a variety of cash flow solutions. To assist new ventures with this process, there are a number of financial products available including discount factoring, vendor pay assistance and complete back office administrative services. Some of the most widely used are:
Factoring Programs
Factoring programs can be one of the easiest ways to improve cash flow and provide the necessary credit to companies that may not qualify for traditional bank lines of credit requiring collateral. The various programs provide both recourse and non-recourse factoring. Under the non-recourse programs, the factoring company assumes the credit risk on all approved customers. These programs offer:
- Flexible underwriting standards
- Advance rates typically at 80%, however, rates up to 90% may be available
- Growth of the client's line in conjunction with the A/R
- Advances made within 24 hours from receipt of documentation
- Consideration of seasonal inventory lines
PrimeLine®: This program targets companies whose volume, operating performance and balance sheet strength qualifies them for the most competitive pricing structure. In contrast to the traditional factoring programs, PrimeLine® offers a rate structure that is comparable to that of major bank-owned-factoring. Under these traditional programs, all fees are grouped together into one discount rate or factoring commission. The factoring group offers this PrimeLine® program to only the most creditworthy of clients, many of whom may soon move to a major factor or qualify for a traditional bank line of credit.
Non-Notification: In addition to traditional factoring programs, a non-notification private label account receivable management line of credit might work best for you. Through this program, you can finance your receivables without notifying the customer. This service is typically designed for those businesses who maintain a more stable balance sheet and are in an industry that does not traditionally utilize factoring. Your invoices are not marked with the factoring company's remittance notice. Although the factoring group will also handle the collection of your invoices, these calls will be made in your company's name.
Transportation Financing: Established in 1986, this service specializes in serving the needs of the trucking industry. Currently, with more than 400 active clients, our financial group is one of the few funding sources in the U.S. that can offer non-recourse factoring to the trucking industry. These programs can also be tailored to meet the needs of brokers and freight forwarders. In addition to the services offered by standard factoring programs, it provides trucking clients:
- Rapid response to all credit requests (usually within 45 minutes)
- Same day advances
- Sub-hauler advances, driver settlements, and invoice purchases via Comcheck nationwide
- Fuel Cards
- Funding via direct bank wire transfer available on all programs (only $1.75 per wire!)
- Load Advance Program for partial driver advances upon freight acquisition
As a result of deregulation, trucking has evolved into one of the country's most competitive industries. Yet, between the heavy capital requirements for equipment and maintenance, coupled with the daily cash drains of fuel and payroll, many trucking companies find it difficult to finance new growth. Through this program, you can successfully receive the working capital necessary to meet current obligations while at the same time being able to aggressively pursue additional business.
As a specialist in this industry, our financial group can provide many important advantages. Utilizing direct links to the numerous national credit reporting agencies, as a new customer, you can be quickly approved. And, this kind of collection expertise often reduces your A/R turn by several days with the non-recourse credit guarantee virtually eliminating bad debt. Perhaps most importantly, you are provided the vital working capital needed to keep your trucks on the road - easily and quickly!
Purchase Order (P/O) Financing: This option can be utilized when a company does not have sufficient capital to produce or deliver an order. This situation can occur with a start-up or because a company receives an unusually large order.
There are two options available for assistance in this situation: First, an option to provide your supplier with a Vendor Assurance Letter. This letter guarantees the supplier that all funds owed for the raw materials and production will be deducted from your account upon shipment of the product. Then, a check will be mailed directly to the supplier. As a second option, we have affiliated services through our strategic partner who specializes solely in P/O finance. Working with your purchase order, a letter of credit (L/C) can be established for the supplier that guarantees payment upon delivery of the product.
Administrative Benefits
Outsourcing your credit and collection functions allows management more time to focus on production and customer satisfaction. Your company is also distanced from the negative aspects of receivables collection and its sometimes unwanted litigation. You would also recognize additional cost savings on postage, long distance, credit investigation, and bad debt. As experts in account receivable management, our factoring partners can be even more efficient than your own staff at managing receivables and improving account receivable payments.
Therefore, in addition to improving your company's cash flow, you would receive the benefit of several important administrative functions:
- Credit investigation and determining customer credit limits
- Invoice ledgering and accounting
- Mailing and postage
- Collection management
- Cash application
- 24/7 Online reporting of all account activity
- Credit guarantee (non-recourse) with some programs
Getting Started: Compare your company's existing cash flow to the potential cash flow available when using a factoring program based on the following business model examples.
With over 30 years experience in the financial industry and over $600 million in annual financing volume, our strategic partner utilizes the latest in high tech reporting and a customized approach to successfully satisfy your cash flow needs. Companies with annual sales of $300,000 to $25,000,000 are typically accepted in all commercial industries with a minimum of $25,000 in monthly sales volume required.
Still have questions? Click on Factoring FAQs link to find the answers to additional questions you may have. Then, contact us today to discuss the details of your business needs, and let our professional staff walk you through the process to help assure your continued success.
For comments from satisfied customers, please click Testimonials!
If you are ready to apply for business financing now, call us today to discuss the details of your business needs, and let our professional staff walk you through the process to help ensure your continued success. The application process is simple, and approval can be made quickly. Checks are issued within 24 hours of factoring your receivables.
Carpe diem!
Island Connections
9030 W. Sahara Ave., #236
Las Vegas, NV 89117
702.242.3247
FundingAngels@aol.com
All rights reserved © 2008
*Disclaimer With respect to factoring, this Internet site is designed to provide accurate and authoritative information with regard to the subject matter. However, it is not a substitute for legal, accounting or other professional services.
Any funding investment opportunities have not been approved or disapproved by the Securities and Exchange Commission nor has the Commission passed upon the accuracy or adequacy of these private offerings. This is not nor shall be construed as an offer to buy or sell securities. Business plans or additional details on any of these ventures are available only to accredited investors or investment professionals upon registering with the network and use of private access password. Neither Island Connections, its management or affiliates make any representation or warranty, expressed or implied, as to the accuracy of the information contained within the business plans either orally or written. The aforementioned parties expressly disclaim any and all liability resulting from the use of such information which is subject to errors or omissions including legal, financial or otherwise. Financial projections are assumptions based on a variety of factors which may not prove to be correct. Prospective investors should carefully review and consider the risk factors on any venture prior to making an investment. Venture capital is considered high risk without any guarantees of financial return and should only be done under the guidance of your own professional advisors. No guarantees are provided for funding services.