If your service based business is awarded a contract that is larger than your normal size or one that will require an unusual amount of up-front “mobilization” costs, then Benefunding can get you the cash that you need.
Criteria
- Only transactions where the customers are creditworthy businesses are
eligible for funding.
Required Documents
- Copy of the service contract
- Schedule of cash requirements to complete the service (cost breakdown)
- Transaction timeline
- Current aged Accounts Payable report
- Current aged Account Receivable report
- Factoring Agreement (can be provided by Benefunding)
- Personal Financial Statements of Principals