USE OF A FACTORING FACILITY:

Project Financing
Business Growth
Financing Business Acquisition
Bridge Financing
Financing Working Capital
Needs Realization of Supplier Discounts
Crisis Management

CLIENT PROFILE:

Factoring available to a broad array of industries with good quality receivables.

FACTORING/SALES VOLUME:

Annual factoring volume of $300,000 to $25,000,000.

RATES:

Starting at 2.5% of the face value of the purchased invoices for each month that account receivable is outstanding.

FACTORING TERM:

Generally one (1) year.

COLLATERAL:

UCC filing on all assets. (Will subordinate or release on assets other than Account Receivables to allow for funding from other sources.)

ADVANCE RATE:

Up to 80%.

PERSONAL GUARANTEE:

None.

AUDIT REQUIREMENTS:

None. No certified financial statement required. No audit by of
financial performance.

CLOSING:

Typically one week from initial contact to funding.