When factoring through BIG Funding Group, you will not be subject to monthly credit reviews and constant policy changes in order to access growth and working capital. Simply put, we focus on your invoices not your lack of or past credit history. Our service offers a valuable source of capital to:
- New, start up manufacturing, distribution and service businesses.
- Companies that have a poor credit history.
- Minority or disadvantaged business enterprises.
- Companies that lack hard collateral such as real estate, plant, or equipment.
- Companies with a history of bankruptcy.
Who benefits from Asset-Based Lending?
- Companies experiencing rapid growth
- Highly leveraged companies
- Companies with a short operating history
- Turnaround situations
- Companies with negative cash flow
- Companies with past losses
Typical borrowers
Manufacturers, Wholesalers, Distributors, Dealers, Retailers and Service businesses with $1 million to $100 million in annual sales or total assets of $500,000 minimum.
Why Sell Your Accounts Receivables?
There are many reasons that influence the decision to sell your accounts receivable or private mortgage notes. You want your business to grow. You want the cash to cover current expenses. You want to buy more property. You have to pay college expenses. Maybe, you just do not want to wait months or years to collect your money. Your business need may be as simple as having enough cash to make this week's payroll.
Banks will loan you money, but they require hard collateral (i.e. real estate) to secure the loan. By selling your accounts receivable, the only collateral you need is the account receivable. There are no restrictions on how you use the cash from selling your receivables. You can use it to take advantage of volume or cash discounts for raw materials or to maintain your credit rating.
