(1) Monthly credit will be processed as a decrease in the client liability to United on a monthly basis. (2) United will require a minimum average usage of approximately 40% of the facility which we can analyze annually. (3) Any shortfall related to the usage would be a liability of the borrower and United’s responsibility to collect. (4) This aforementioned minimum will be clearly documented in the underlying Security Agreement.
Accounts receivable financing is a financial tool that converts accounts receivables (invoices) into working capital. This provides growth capital necessary by eliminating the time period between invoice submission to invoice payment.
To be eligible, these invoices must be due from another business or government entity.
Click through the steps below to learn how accounts receivable financing benefits your small business.
¹Percentage amount paid based on business type, volume, financial quality of customers, diversification of customers, etc.
We work with top companies and agencies who owe balances to our clients. These companies and agencies include Walmart, Google, Amazon, Department of Defense (DOD), Federal Bureau of Investigation (FBI), NASA, and Department of Homeland Security (DOHS).
With your direction, our firm contacts your customers to ensure day sales outstanding (DSO) remains compliant with the terms granted. This increases the efficiency of your invoice cycle and reduces the time spent on credit approvals, collections and debt.
Ease the growing pains of a fast-growing company by using healthy cash flow to fund new business.
As a wholly owned subsidiary of FDIC-insured Gulf Coast Bank & Trust, you can rest assured that your funding source is insured and secure.
Gain more control over your business by choosing which invoices and when you’d like to factor.
To date, we’ve successfully financed over 1,000 emerging businesses across the Continental U.S. (CONUS) and are committed to delivering the best customer service; while providing flexible, tailored funding solutions to meet the needs of each business. We recognize that every client is unique, so we take the time to understand each individual business and develop a customized approach to ensure the best possible outcome to provide working capital.
At the end of the day, our goal is to make sure all clients have access to the short-term working capital necessary to successfully execute on new or expanding contracts. With our GovCon team, we will help you navigate this challenging terrain to become mission-ready and prepare for contract expansion.
