Program

We purchase a company’s accounts receivable invoices, notify our clients’ customers to pay us directly and assume the credit risk for non-payment. We work directly with companies seeking financing as well as through a network of financial brokers, accountants and lawyers.

Transaction Size: Our typical transaction ranges in size from $1 million to $50 million in receivables on an annual basis.

Industry Focus: We are active in most industries where companies sell a product or service and their customers have good credit. We do not fund in the medical and construction industries.

Underwriting Criteria: In evaluating a company, we look closely at the credit worthiness of our clients’ customers. As a factor, we are less concerned with the strengths and weaknesses of a company’s balance sheet. In fact, we consider companies with a negative net worth, companies that are losing money and even companies in Chapter 11 bankruptcy for factoring. Companies with little or no credit history may qualify for factoring, provided they have credit-worthy customers. Again, our primary concern is the strength of the company’s accounts receivable and our ability to purchase the accounts receivable free of any bank liens. Thus, companies with a bank loan secured by its accounts receivable may not qualify for factoring unless the bank agrees to release its lien.

Use of Funds: Companies need capital for a variety of reasons. We provide funding for a wide range of uses, including:

Project Financing
Business Growth Financing
Business Acquisition Financing
Bridge Financing
Financing Working Capital Needs
Realization of Supplier Discounts
Preparation for High Season
Crisis Management
Debtor-in-Possession (DIP) Financing

For Details Contact

Chris Lehnes

203-304-9527

clehnes@gmail.com


3 Responses to Program

  1. Pingback: Where to Go When the Bank Says No | Finding Funding Now

  2. Pingback: Entrepreneurs Use Factoring Invoices as a Tactic during Recession | Finding Funding Now

  3. Chris,

    Excellent website. I like your Factoring program. Is there any way we could do a link exchange?

    Best,
    Marshall Adler

Leave a Reply

Your email address will not be published. Required fields are marked *