NATIONWIDE FINANCIAL SOLUTIONS
Bob, whom I have known from Sxxxxx Financial Services work with companies of all sizes all across the nation. We’d love to work with you as well. Inquire today!
Stages of the A/R Funding Process
||Application Stage:In order for Bob from Sxxxxxx to prepare an A/R Funding program tailored to fit the needs of your business, we will need you to submit the following items:
- A completed and signed application.
General (44.8 KB PDF)
Trucking (46.1 KB PDF)
- Business financial statements for the previous 2 years
- A current accounts receivable aging
- A copy of an invoice with all supporting documentation
- Federal tax returns, both business and personal, for the previous 2 years
- A copy of your organizational documents (i.e., Articles of Incorporation, Articles of Organization, Partnership Agreement, etc.)
- Personal financial statement on all owners of 5% or more of the company’s stock
- An accounts payable aging
- A customer list with address, and phone numbers.
||Proposal Stage:Once we have received the information indicated above, we will prepare a proposal setting forth the terms of the A/R Funding program that our specialists have designed for your business. At that point, you will be asked to submit the following:
- A signed copy of the proposal (assuming that the terms are acceptable to you)
- A due diligence fee to cover the costs of underwriting the transaction
- Additional information requested by our Underwriting Department
||Due Diligence and Funding:Upon our receipt of the items requested above, we will proceed with the following steps:
- Complete the remainder of our underwriting and due diligence analysis
- Finish all credit, lien and judgment searches
- Prepare legal documents, including any takeouts of existing lenders
- Have the contracts signed by your authorized representative
- Introduce you to your Account Executive in our Operations Department
- Begin funding on your invoices
One reply on “NATIONWIDE FINANCIAL SOLUTIONS”
Bob’s factoring rates are a fraction of traditional factors. Cash Flow is king in a business. The SBA estimates that 93% of businesses that fail do so because of inadequate cash flow.