Factoring Proposal Issued to Medical Staffing Company

Factoring Proposal Issued - $4 Million to Medical Staffing Company
Factoring Proposal Issued – $4 Million to Medical Staffing Company

Factoring Proposal Issued

$4 Million | Non-Recourse

Medical Staffing Company

Company recently exited bankruptcy and needs access to cash to reliably meet payroll

Learn more about accounts receivable factoring

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Explanation: Notification and Verification Process

Accounts receivable factoring involves a process where a business sells its accounts receivable (invoices) to a third-party financial company (factor) at a discount. The factor then collects payments from the customers on those invoices. Here’s how the notification and verification process typically works:

Notification and Verification
Assignment of Claims – 1
  1. Submission of Invoices: The business submits its invoices to the factor for financing. These invoices represent goods sold or services rendered to customers on credit terms.
  2. Initial Verification: Upon receiving the invoices, the factor conducts an initial verification process. This involves assessing the creditworthiness of the business’s customers, as the factor will be relying on them to make payments on the invoices.
  3. Notification to Customers: Once the initial verification is complete and the invoices are approved for financing, the factor notifies the customers (debtors) listed on the invoices that payments should be made directly to the factor rather than to the business. This notification often includes instructions on how and where to remit payments.
  4. Verification of Receivables: As payments start coming in from the customers, the factor verifies the authenticity of the payments and matches them with the corresponding invoices. This ensures that the payments received align with the amounts owed by the customers.
  5. Reporting to the Business: The factor provides regular reports to the business detailing which invoices have been paid, which are outstanding, and any discrepancies or issues encountered during the verification process.
  6. Resolution of Disputes: In cases where customers dispute the invoices or there are discrepancies in payments, the factor may work with the business to resolve these issues. This could involve providing additional documentation or communication between the factor, the business, and the customers to clarify any misunderstandings.
  7. Collection and Remittance: The factor continues to collect payments from the customers until all invoices have been paid. Once payments are received, the factor deducts its fees and advances the remaining funds to the business. This process continues until all invoices have been settled.

Overall, the notification and verification process in accounts receivable factoring is crucial for ensuring transparency, accuracy, and efficiency in managing the financing of invoices and collecting payments from customers. It involves close coordination between the factor, the business, and its customers to facilitate smooth transactions and minimize the risk of disputes or payment delays.

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Factoring: Funding for Service Providers

Factoring offering can quickly fund Service Providers (as well as Manufacturers and Distributors) which do not meet traditional lending standards but have good quality accounts receivable outstanding.

Factoring: Funding for Service Providers

Program Overview

  • $100k to $10 Million
  • 75% advance against AR
  • Non-Recourse
  • No Audits or Covenants
  • No Long-Term Commitments
  • Spot Factoring Available
  • Great for bank declines

Think of me for Consultants, Staffing Companies or SaaS clients which need cash to meet their immediate goals.

Contact me at 203-664-1535 or clehnes@chrislehnes.com

Connect with Factoring Specialist, Chris Lehnes on LinkedIn

Factoring Proposal Issued: $1.2 Million – Medical Device Manufacturer

Factoring Proposal Issued
Factoring Proposal Issued
  • Business was about to close loan with Non-Bank Lender which suddenly lost its funding
  • Customer base is comprised of many strong companies, but many pay slowly putting a strain on cash
  • Factoring will provide funds needed to cover overhead and execute on new contracts.

Connect with Factoring Specialist, Chris Lehnes on LinkedIn

Learn about other factoring proposals issued

Non-Recourse Funding – No PG of Credit Risk Required for Owners

We can fund a qualified business in 3-5 days with non-recourse accounts receivable factoring. Non-Recourse Funding.

Non Recourse Funding
Non-Recourse Funding
  • $10k to $10 Million
  • Competitive Advance Rates
  • No Audits. No Financial Covenants
  • No Long-Term Commitments
  • Most businesses with strong customers are candidates

We specialize in difficult deals

We focuses on the quality of your client’s accounts receivable, ignoring their financial condition.

This enables us to move quickly and fund qualified businesses including Manufacturers, Distributors and a wide variety of Service Businesses (includes SaaS) in as few as 3-5 days.

Contact me today to learn if your client is a fit.

Connect with me on LinkedIn

Factoring Proposal Issued -$400,000 – Non-Recourse – Service Provider

Factoring Proposal Issued - $400,000 - Service Provider
Factoring Proposal Issued – $400,000 – Service Provider
  • $400,000 per month | Non-Recourse
  • Single Debtor | Major Pharma Customer
  • Service Provider to Major Corporations
  • Business won a new large contract with a major pharmaceutical manufacturer
  • That customer demands 90 day payment terms
  • Our facility will eliminate the resulting cash crunch, allowing the company to easily make weekly payroll

View more recent proposals

Connect with Factoring Specialist, Chris Lehnes on LinkedIn

Exciting News for Small Business Owners

Exciting News for Small Business Owners

Are you a business owner looking to fuel growth and maintain cash flow without the burden of traditional loans or credit lines?

Here are just a few reasons why Factoring could be the game-changer your business needs:

Exciting News for Small Business Owners
Exciting News for Small Business Owners

1️⃣ Access to Immediate Cash Flow: Factoring provides you with quick and easy access to cash by purchasing your accounts receivable. Say goodbye to waiting for invoices to be paid and hello to accelerated cash flow to fuel your business operations.

2️⃣ Risk-Free Financing: Unlike traditional financing options, non-recourse factoring means you are protected from bad debt. You can focus on growing your business without the worry of unpaid invoices affecting your bottom line.

3️⃣ Flexible Solutions: Factoring facilities can be tailored to meet your specific needs. Whether you’re a startup or an established enterprise, factoring may be the the solution for you.

4️⃣ Improved Cash Flow Management: With a factor handling your accounts receivable, you can streamline your cash flow management processes. Spend less time chasing payments and more time focusing on what you do best – running your business.

5️⃣ No Long-Term Commitments: Factoring offers flexible terms with no long-term commitments.

Both short and long-term funding needs can be met.

Don’t let cash flow constraints hold your business back. Use factoring today and unlock the financial flexibility you need to take your business to new heights!

Ready to learn more?

Reach out to me today to discuss how our non-recourse factoring solutions can benefit your business.

Learn more about accounts receivable factoring

Connect with Factoring Specialist, Chris Lehnes on LinkedIn