several decades. Today, virtually any-sized business that extends credit to other businesses for goods or services can enjoy the many benefits of Accounts Receivable Funding. Simply stated, Account Receivable Funding is the exchange of creditworthy commercial accounts receivable for an immediate injection of working capital. When an invoice is generated, it may be purchased with an advance of anywhere between 75 to 90% of the net invoice amount. When your customer pays the invoice, you will receive the reserve portion minus a nominal servicing fee. Why Accounts Receivable Funding Makes Financial Sense Accounts Receivable Funding offers many Advantages: ò Initial funding is typically available between 5-7 business days upon receipt of completed formal agreements, and then all future advances are funded within 24 hours. ò Accounts Receivable Funding does not create a financial liability on your companyÆs balance sheet and generally no other collateral (outside of the receivables) is required. ò The amount of funding available to you is only limited by the creditworthiness of your customers. ò Accounts Receivable Funding focus on the creditworthiness of your clients instead of your financial history. ò Accounts Receivable Funding allows quick access to working capital, instead of waiting 30, 60 or 90 days to receive payment from your customers, money is immediately available on demand. Accounts Receivable Funding Programs have been ôgenerallyö designed with the following criteria in mind. ò Your company must be providing a product or service to other credit worthy businesses (no consumer sales) ò Your company must be selling on terms ò Your company must be billing in arrears (no pre-billing) ò Your company must have minimum monthly sales of at least $10,000 or annual sales of $120,000 ò Your company is not required to be in business for any length of time ò Your company should have the capability to generate financial reports (A/R and A/P aging reports, etc.) ò Your company may have current and/or historical losses or a deficit net worth position Ideal Candidates ò Start-ups ò Companies suffering financial setbacks ò Service Companies ò Companies with seasonal orders ò Mature companies seeking cash flow support ò Companies seeking credit assistance ò Businesses experiencing rapid growth ò Non-bankable businesses An example of the application process: 1. Complete the application 2. Provide your most recent and detailed accounts receivable aging report 3. Provide
piece
is
an
abstract
triptych
that
I
found
while
I
was
in
Atlanta
buying
religious
paintings
The
piece
was
called
Guardian
Angel
and
I
love
it
My
patrons
fell
in
love
with
it
as
well
They
have
asked
me
to
track
down
the
artist
and
see
if
he
has
anymore
religious
paintings
available
The
only
religious
paintings
that
I
actually
do
not
buy
are
ones
that
reflect
the
image
of
Jesus
on
the
cross
I
don’t
have
a
problem
with
them
some
of
them
are
extremely
well
done
and
would
more
than
likely
sell
well
but
my
investors
made
it
very
clear
when
they
financed
the
gallery
that
I
would
not
put
that
image
into
it
PPPPP
683
Ajello
Candles
The
motto
of
the
Ajello
Candle
Company
is
“It’s
better
to
light
a
candle
than
to
curse
the
darkness”
This
candle
making
company
has
been
in
business
since
1775
The
business
has
been
family
owned
for
seven
generations
The
candles
from
Ajello’s
are
well
known
for
their
beauty
and
quality
While
they
make
more
candles
now
than
in
1775
their
dedication
to
quality
and
to
customers
has
never
changed
The
Ajello
Candle
Company
was
founded
by
Rafael
Ajello
an
Italian
painter
He
was
also
a
beekeeper
so
he
tried
his
hand
at
using
bees
wax
to
create
candles
He
worked
hard
to
create
a
formula
that
worked
well
The
formula
combined
with
his
outstanding
artistic
ability
lead
to
the
birth
of
the
Ajello
Candle
Company
In
1785
the
company
earned
the
honor
of
creating
all
the
candles
for
the
Vatican
He
and
his
wife
ran
the
business
keeping
their
children
involved
in
the
processes
from
an
early
age
As
time
went
on
their
children
and
grandchildren
kept
the
business
running
as
well
as
passed
the
family
business
on
to
their
children
By
1862
the
company
had
established
itself
as
a
leader
among
the
candle
making
industry
They
had
also
added
perfumes
and
many
.
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