Utah Fashion Factoring
Accounts receivable financing and invoice
factoring for Utah based fashion companies including designers. We
also offer receivables factoring solutions for fashion apparel and
textile manufacturing distribution and wholesale companies in Utah.
SIMPLE FACTORING PROCESS
- Complete the application process (via email)
- Get approved (Documents are then signed)
- You submit invoices (Invoices are verified)
- Funds are deposited into your bank account
Here re some of the other advantages:
- Factoring facilities from $100,000 to $35 million a month
- No more waiting 30 to 90 days to get paid by your customers
- You can offer credit to your customers (Grow your business)
- Non-recourse option available (the factoring company assumes the risk not you)
- Facilities tailored to fit the client's funding needs
- Line of credit option (more information below)
- High advances on receivables
- Competitive and attractive rates
- Flexible terms
- Purchase order financing to help fulfill your orders
- Complete online access to your account
- Perform free credit checks on your customers 24/7
- Invoicing and collections included
- Startups to well-seasoned designers
- Simple and straightforward application to funding process
- And more
LINE OF CREDIT | LEDGERED LINE OF CREDIT
This receivables line of credit also known as a ledgered line of credit is ideal for companies in the fashion apparel garment and textile industries that prefer the features of a line of credit but without the traditional requirements that can stop a company dead in its tracks should they fail to meet certain financial requirements.
A ledgered line of credit offer the advantages of a traditional bank line except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.
Many sectors of the apparel fashion garment and textile industries including designers manufacturers distributors wholesalers and others can benefit.
HERE ARE THE OBVIOUS ADVANTAGES
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions
- No long application to funding process
- Plus other benefits
Ideal for companies that are considering a traditional line or are presently with an asset based lending or bank line and would like to get away from the strict requirements but maintain the features of a line of credit and competitive pricing. The line is flexible and secured with the company's accounts receivables. And unlike a traditional line of credit, there are no audits required or restrictive covenants with respect to ratios, concentration, etc.
Please submit this SHORT FORM for more information. The affiliate office that handles your area will contact you shortly.