Sound too good to be true.
Well it's not, and this is why.
Below is a break down of how it works:
~For companys that have bills of $100,000 per month,
~We will pay your bills with-in the 1st week they are issued
~You reimburse us in 60 days
Its that easy!!!
You can be set up in a few days
FAQ
Q. Why set up this program?
A. ~Help your vendors - by paying Net 1 day it cost less for them to do business with you.
~More profit in your pocket because you get to hold onto your cash for 60 days expand that to a year and it will add up fast
~It cost you nothing!!!
~Additional Profits for you - we will share the discount with you
~Expand business you do business with that may not have been able to afford to do so in the past
~Cost Our program is UNSECURED & NO COST TO YOU
Q. Why would a company 'not' implement this funding program?
A. Great Questions! This program is a Win Win for everyone involved.
Q. Does the program take over my payables department?
A. The only changes would be ~Payable terms ~Remittance address...Whenyour company recognizes invoices a payable that data will be electronically sent to us to pay your vendors immediately. it's a simple process.
Q. Is it really that easy to implement?
A. Yes, we can have the program up and running in a few days.
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Monday, May 04, 2009
Friday, April 24, 2009
Fred Smith, CEO of FedEX recently spoke at the Common Wealth Club in SF. You can hear his speech at the link provided below.
In his speech, he described how a company because "an overnight" lowering of their credit limit by their bank was not able to fulfill their customer's orders. In this example, Fred points out that because of the reduced access to money, both the company and their customer were struggling to keep afloat. This example illustrates how the financial and business sectors are intimately intertwined and any unexpected disruption can lead to:
~Business Failure
~Reduced Tax Revenue
~Loss of Jobs
I'm here to say that this didn't have to happen at all. There are funding programs, outside the traditional banking system, that can supply cash very quickly for many situations like the one above. Accounts Receivable (AR) Financing. This is the selling of a company's receivable accounts at a small discount to a Factorer, who then assumes the risk of the account debtors.
AR Financing could have helped the company in Fred Smith's example seamlessly securing the necessary funds rather than struggle with the burden of the reduced bank credit.
Fred talks about a plastic parts manufacture. Check this link for Fred Smiths Audio
In his speech, he described how a company because "an overnight" lowering of their credit limit by their bank was not able to fulfill their customer's orders. In this example, Fred points out that because of the reduced access to money, both the company and their customer were struggling to keep afloat. This example illustrates how the financial and business sectors are intimately intertwined and any unexpected disruption can lead to:
~Business Failure
~Reduced Tax Revenue
~Loss of Jobs
I'm here to say that this didn't have to happen at all. There are funding programs, outside the traditional banking system, that can supply cash very quickly for many situations like the one above. Accounts Receivable (AR) Financing. This is the selling of a company's receivable accounts at a small discount to a Factorer, who then assumes the risk of the account debtors.
AR Financing could have helped the company in Fred Smith's example seamlessly securing the necessary funds rather than struggle with the burden of the reduced bank credit.
Fred talks about a plastic parts manufacture. Check this link for Fred Smiths Audio
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