ACCOUNTS RECEIVABLE LOANS & FINANCE Print E-mail

BLS will help you secure the financing you need to expand, pay bills or reduce your corporate debt.

When you have your foot on the gas pedal trying to accelerate your company's growth and development the bank has it's foot firmly on the brakes, trying to slow you down to a rate of growth that bankers are comfortable with.

The fact of the matter is rapid growth does introduce an element of risk. However, banks, being first and foremost the care-takers of their depositors' money, don't like lending into situations they fear involve risk. Thus, if you're growing rather thank slowing, cheap bank financing is likely costing you a lot of money in that the bank is trying to regulate how much additional business you take on. We have many Non bank funding sources that will help you grow the way you intend to.

Accounts Receivable loans finance the day-to-day expenses of a company and allow the company to borrow against eligible accounts receivable while waiting for customers to pay.

Your company will also:

  • Pay interest/fees separately from principal
  • See daily accounting and maintenance records
  • Get an annual audit, renewal, out of debt period
  • Need current balance sheet debt; demand note
  • Need to have good credit, skilled, staffed credit dept.
  • Only use where appropriate - good programs are available

Accounts receivable financing solutions the BLS has will finance the day-to-day operations of your company while you are waiting for business customers to pay their invoices.

You will be able to:

  • Fund Payroll
  • Pay suppliers and vendors
  • Space rent, utilities
  • Other regular payments that are due as a result of normal business operation

Accounts receivable revolving credit line, or factoring facility; has the same purpose but a different mechanical process.

To qualify you will need to have:

  • Eligible receivables
  • Business and government entities, no consumers!
  • A company that is in decent financial condition
  • Reasonable bill-paying habits
  • Single payment invoice; no progress payments or loans
  • Performance complete, obligated to pay, no off-sets

 

 

Contact Information

Office: 877-668-3651 Fax: 877-307-1166

Mailing Address: PO Box 1716 Maple Grove, MN 55311

Email: james@businesslendingsolutions.net

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BLS Mission Statement

"We are dedicated to helping businesses achieve their financial goals"