Cb Thomas & Associates Funding
Slow paying customers
No cash for the payroll
Frequently asked questions
What are purchase orders/contracts?
What type of receivables are acceptable?
What is required before an invoice may be funded?
Do we bill on our letterhead or yours?
Are government receivables acceptable?
Must I agree to finance a minimum volume of future receivables?
Does receivables financing make good business sense?
What is the smallest or the largest invoice that we can submit?
Can we qualify with a history of credit problems such as bankruptcy, IRS liens or judgments?
Can we qualify if we have existing credit lines or SBA loans?
Can we qualify even if we are just getting started in business and have no credit history?
What are purchase orders/contracts?
Purchase order and contract funding emerged to meet the need of companies who could not get traditional banking finance to meet their production needs. Usually because they are less than two years old or are start-ups.
Companies want to sell their purchase orders or contracts because it is usually the only means they have to fulfill their orders.
What is a business note?
A business note is generated every time an individual sells a business and chooses to carry the financing and collect regular payments from the new business owner(s).
People are interested in selling business notes for several reasons. Usually, the prospective seller has decided that he or she would rather receive the lump sum in current dollars than wait and receive payments over a period of years.
What is factoring?
Factoring is the purchase of a company's receivables for immediate cash. We advance you money based on your customer's ability to pay, not yours.
What type of receivables are acceptable?
Just about any valid business-to-business or business-to-government invoice for services performed or product delivered.
What is required before an invoice may be funded?
Your customer must be credit worthy and your product or service must be completed, delivered, and accepted by that customer.
Do we bill on our letterhead or yours?
It depends on the funding sources. Some allow you to bill normally. Checks may be made out to you, but mailed by your customer to the funding source. Some funding sources require that the invoice, along with proof of delivery or performance, be sent directly to them where they are stamped payable to the funding source and forwarded to your customer.
What does it cost?
Fees are very competitive and terms are flexible. Typical for 30 days range from 4 to 5 points. Fees are lower for shorter time periods or for reduced advances.
Are government receivables acceptable?
Yes, we specialize doing Federal, State and local Government invoices.
Must I agree to finance a minimum volume of future receivables?
No. Finance one invoice or as many as you need to meet your cash flow needs. Stop when you wish, or continue as needed.
Does receivables financing make good business sense?
Yes! Fortune 500 firms such IBM, Shell Oil, Coca-Cola and Georgia-Pacific use receivables-based financing when cash flow dries up due to slow paying customers or when traditional financing is either unavailable or insufficient to fund needed growth. Our sources are exceptional in speed, ease, and flexibility.
What is the smallest or the largest invoice that we can submit?
You may finance invoices for as little as a $100. There is no upper limit.
What will my customers think?
Receivables-based financing is used by many of the largest corporations in the world. Fortune 500 firms such IBM, Shell Oil, Coca-Cola and Georgia-Pacific use this finance tool to improve their cash flow, support growth, and to increase profits. Many of your customers may use this service themselves and others have become familiar with it through other vendors. The fact you qualify for factoring makes a strong positive statement.
Can we qualify with a history of credit problems such as bankruptcy, IRS liens or judgments?
Yes! That's another advantage of working with us. We are experienced in making arrangements with the IRS or the courts in solving a company's problems.
Can we qualify if we have existing credit lines or SBA loans?
Yes! We compliment and work in cooperation with your existing lenders to enable you to access even larger amounts of funding.
Can we qualify even if we are just getting started in business and have no credit history?
Yes, you can if you have credit worthy customers.
Cb Thomas & Associates
Tel/Fax Toll Free 1-888-221-1895
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