Waiting for outstanding receivables to be paid is the biggest problem that affects business cash flow, but with Benefunding you can sell those invoices and get the cash that you need now!

Accounts receivable funding, also known as factoring, allows your business to turn it’s invoices into cash, injecting your business with working capital and enabling you to make payroll, buy new materials and do what you do best…grow your business.

In fact, money can be advanced to you within 24 hours of establishing an account.

Even new and expanding companies that have trouble obtaining traditional financing due to a lack of business history and profitability can qualify, because if your customers have good credit then so do you!

Criteria

Recourse:You will be responsible for repayment of the advance if your customer does not pay within 90 days of the purchase. Invoices will be charged back against a current advance or against your reserve account.

Non-recourse: The purchaser assumes the responsibility of non-payment due to insolvency of the customer. When making non-recourse purchases, only receivables from your customers with exceptionally strong credit histories will be approved.

Additionally, a credit insurance policy will be required or a reserve will have to be maintained equal to at least 20% of the outstanding invoices.

Required Documents

• Open invoices
• Aging report
• Customer list
• Business filings
• Copies of principals drivers license