With a second position facility, you can unlock the capital hiding in accounts receivable while keeping primary financing in place.
Companies best suited to this program will have annual revenues of $1M+ and have less than $100K on the aging.
Why Second Position Factoring
Second position factoring provides a certain, predictable cash flow when it’s needed. The timeframe for approval and funding is a fraction of a bank’s with far fewer hoops to traverse. And since second position factoring is not a loan, it doesn’t show up on your books as a liability.
Benefits of Second Position Factoring Program
- Simple one-page application
- Quick decisions, within 24 hours of submitting to underwriters
- Maximum cap is $500K
- No subordination
- Non-medical funding in 24-48 hours; medical funding within 2 weeks
- Professionalism, accessibility and responsiveness to clients and brokers
Documentation Required For Decision
- Complete application
- Three months of bank statements
- Current Debt schedule
- Agency report
- Signed proposal
Thank you for supporting Capital Solutions. And please remember, when it comes to Second Position Factoring give me a call or text me at 626-695-2280 to discuss how we can meet your challenges and exceed your expectations!
