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: If your invoices are purchased with recourse, your company 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: With conditions of 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

1. A copy of your DBA or Articles of Incorporation

2. A copy of each of the principles’ drivers’ license and social
security card

3. Copy of your complete customer list

4. Copy of your insurance certificate (If Available)

5. Copies of your invoices