Receivable Finance
Accounts Receivable Finance
Certainty of Funding Enhances your Flexibility and Profitability
finate many of a bank’s criteria that are difficult to meet.Our Accounts receivable factoring makes it easy and helps you budget your expenses since you won’t have to wait for the customer payment for funding.
A significant benefit of factoring with Rashid Investment Company is that you get a dedicated account manager. That person becomes an extension of your team and will monitor your receivables to help ensure timely payment, which frees up your staff from having to manage the collection monitoring. Our online system also allows you to view payment and invoice details in real-time when you need to, as well as the ability to pull off reports and upload the invoices straight from your system to ours.
ADVANTAGES OF ACCOUNTS RECEIVABLE FACTORING VS BANK FINANCING
Bank lending is primarily based on cash flow and balance sheet criteria. Rashid Investment Company provides funding based on the quality of your assets, which allows us to provide financing even if your company is new, your credit history is weak, or your cash flow is inconsistent. We eliminate many of a bank’s criteria that are difficult to meet.
inate many of a bank’s criteria that are difficult to meet.
Candidates & Requirement for our Accounts Receivable Purchase Program:
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Fast growing business outstripping its cash resources.
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Recent start-ups.
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Businesses that experience seasonal fluctuations.
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Businesses in a turnaround mode.
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Businesses in Chapter 11.
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Businesses reorganized through Assignments for the Benefit of Creditors.
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Requirements to get started
What we offer |
What you get from Bank |
| Start-ups welcomed. | Minimum 3-5 years in business. |
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Turnaround, DIP, and ABC accepted. |
2-3 years of positive cash flow. |
| Short approval process with same day funding. | Slow, ponderous decision making. |
| Your credit line grows with your business. | A set, finite credit limit. |
| Approval based on the credit quality of your assets & customers | Strong personal financial statements of principals. |
| No compensating balance requirements. | Compensating balance requirement. |
| Willing to work with challenging situations. | Consistent history of profitability for your business |