Commercial and Business Financing
"We are here to answer any and all of your financing questions"
Linda Kirschner, Administrator Assistant
Action Funding, Inc.
61 Commercial Blvd.
Torrington, CT 06790
1-877-599-6906
Member of:
NAMB, CMBA, FSMB
|
| > Loan Programs > Factoring
|
 | Factoring
Factoring Program
Full-Notification, Non-Recourse
Uses of Factoring Facility:
- Project Financing
- Business Acquisition Financing
- Bridge Financing
- Financing Working Capital Needs
- Realization of Supplier Discounts
- Crisis Management
- Debtor-In-Possession (DIP) Financing
Program is available nationwide
Client Profile:
AFI will provide factoring to a broad array of industries with good quality receivables with the exception of the medical and construction fields.
Factoring/Sales Volume:
Annual factoring volume of $1,000,000 -$40,000,000
Rates:
Typically 2.5% of the face value of the purchased invoices for each month that the account receivable is outstanding. No other fees charged either on the dollars outstanding or for the facility.
Factoring Term:
Generally two (2) years.
Collateral:
UCC filing on all assets. (Will subordinate or release on assets other than Accounts Receivable to allow for funding from other sources.)
Advance Rate:
Up to 75%.
Performance Guarantee:Performance guarantee by principals to deliver conforming goods and proper services to customers is required.
Audit Requirements:
None. No certified financial statements required. No audit by AFI of financial performance.
Certain rules and restrictions apply.
Terms of program may change without notice.
Contact us today for more information.
Toll-free: 1-877-599-6906
|
|
|
|
