Merchant Business Credit
Merchant Business Credit provides immediate cash flow help when it's needed.
Merchant Business Credit offers receivable financing for companies that might not qualify for traditional Factoring or Asset Based Lending through Merchant Factors or Merchant Financial.
Unlike traditional Factoring and Asset Based Lending, Merchant Business Credit is less reliant on the financial condition of your company and in many instances financial statements are not always required; no covenants are in the financing agreement; and funding is extremely quick.
Merchant Business Credit will provide you with an ongoing lending facility. Depending on the structure of the transaction, charges can either be a discount fee off the invoices assigned; or a factoring commission is charged for insuring the receivables, handling your collections, and interest is charged on all cash borrowings.
Frequently, financing needs become ongoing and your businesses growth can lead you to becoming a Factoring or Asset Based Lending client.
At that time, you have the option to switch over to traditional Factoring with Merchant Factors or and Asset Based relationship through Merchant Financial. This transition is done seamlessly within in the same organization with no change to your relationship
managers. We look at this as a truly unique and effective way of continuing to build the client/lender relationship, unlike any of our competitors.
If you have a viable transaction or transactions with a good customer, Merchant Business Credit will enable you to take advantage of every opportunity.