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1 Cost
There is a price to this financing. Our funding sources charge a discount on the purchase of the invoices. However, we would like to work with you to get the total "cost" of this financing mitigated through the acceleration of cash flow into your business. Some of our other clients have used this acceleration of cash to increase sales, hire new staff or go after new markets. Our underwriters
will design a program that will fit your needs.
2 Credibility
This type of financing has been around for thousands of years. However, In the past, this financing was only made available to larger companies. Our funding sources are interested in companies of your size and would therefore like to now offer their services to you. For more information on the benefits of these services (review the products on the websites/ or email us and will send you articles with more information)
3 What will my customers think?
Your customer(s) are going to love the fact that you are financing your receivables this way. This will allow them to continue to pay you on their terms. In fact, now that you will have an acceleration of cash, I suggest that you offer your customer extended terms in exchange for more business.
4 Who are your funding sources?
We represent hundreds of funding sources with literally millions of dollars. These funding sources are looking to purchase privately held notes - at a discount. Our funding sources range from private investors to major banks and asset based lenders.
5 How does this work?
This is a great question. A Certified Cash Flow Consultant will give you a concise outline of the procedure and then will propose that we talk to one of our underwriters for additional information. Contrary to conventional financing, our funding sources are more concerned in the financial strength of your consumers, as opposed to the financial strength of YOU and YOUR COMPANY. This paradigm shift in underwriting will release you up to an unlimited line of credit pertaining on the strength of your accounts receivables, notes, etc…. This financing is flexible (absolutely controlled by your need for cash) and affordable. For more details, we recommend that we set up a conference call with one of our sources. All we need you to do is to complete a one page free application, fax or email it back and will set up a call (it’s that easy!). You will then receive a free valuation on the rewards that your company will receive.
6 What if we just opened our business?
As long as you are selling goods and/or providing services to reputable companies, Prime Bay Funding Group will get the finance for the invoice, even if it is the first order your company has delivered.
7 My company has an outstanding tax bill. Can I still apply for Funding?
Yes, tax problems vary in complexity and are handled on a case by case basis. In many situations the funders will worked with the IRS so that you may both receive funding and satisfy their needs.
8 How much of my company's accounts receivable can be funded?
Prime Bay Funding Group can help get funding up to 100% of your company's creditworthy accounts receivable.
9 How Are Business Notes Created?
Business notes are created when a business owner sells a business using seller financing. The note is secured by the business and its assets in case the buyer defaults.
10 Who Can Benefit from the Sale of Business Notes?
About 85 percent of all business sales involve seller financing. The seller will accept a cash down payment for part of the sale and a promissory note for the rest. Often the seller of the business involved wishes to move on to another venture or industry or may need money for expansion.
11 Must I submit all of my invoices to Prime Bay Funding?
No, you choose which accounts receivable you want to factor. Once an account is chosen and approved, we will need to factor all the invoices of that company to eliminate any confusion as to where the payment should be sent.
12 How long will it take to receive first funding?
Initial funding normally takes from 5-7 business days after we receive your signed factoring agreement. Naturally, the time frame is dictated by how fast you supply with the information necessary for us to proceed.
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