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Many companies are hurt, and sometimes fail, due to the lack of sufficient cash flow to support their growth. As an alternative to traditional financing options, companies often overlook their own accounts receivable as a key source of cash to meet both daily working capital demands as well as future growth needs. By using a business’ accounts receivable, Sterling Capital Services, Inc. (SCS) can provide companies with quick access to the financing they need to support their cash flow requirements. Our mission at SCS is to provide
Accounts Receivable Funding
and Professional Accounts Receivable Management Services
(i.e. pro-active credit checking of prospects; invoice monitoring & collections; and real-time, web-based A/R management reporting) for small to medium sized businesses, thus enabling:
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Quick access to cash for your Accounts Receivable, typically within 1 day
of invoicing...
No More waiting 30,
45, 60 days or more for payment.
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Pro-active credit checking of your prospective
customers...
No More guessing as to whether a prospect is
creditworthy.
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Regular follow-up on your invoices by a dedicated,
professional customer service team...
No More "financing" your customers.
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Secured access to your accounts receivable information
on a 24x7, real-time basis, including Customer Care
notes regarding payment status of your business's
invoices...
No More of your valuable time spent tracking and
monitoring invoice status. |
Accounts Receivable Funding is a well established financing option that enables a company to receive immediate cash from the sale of its invoices, for a small fee, to a specialized financial institution called a “Factor.” Factors differ from conventional sources of funding in one important way -
the financing decision is based primarily upon your creditworthy commercial or governmental customer’s ability to
pay, not your company’s financial strength. This is an opportunity to utilize your customer’s financial strength to provide you with cash. In 2002 alone, it is estimated that over $110 billion* of invoices were factored within the United States.
For business owners who have never before used Accounts Receivable Funding, they are surprised at how very reasonable the rates can be if they utilize the “right” Factor. With information technology now heavily used in this industry, the amount of risk taken by the Factor has been greatly reduced, thus enabling them to provide a very affordable fee structure while continuing to greatly enhance the Accounts Receivable Management Services offered to their clients.
How do you determine if Accounts Receivable Funding is right for your business? The first step is to review the following sections of the Sterling Capital Services, Inc. website:
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What are the Benefits of Accounts Receivable
Financing? |
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Who Are Candidates for Accounts Receivable
Funding? |
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Accounts Receivable Funding Compared |
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Case Studies |
In addition, Sterling Capital Services, Inc. welcomes the opportunity to assist you in further evaluating how this time-proven, effective financing alternative can enhance your company’s cash flow and overall profitability. Please contact us at (859) 384-4862 or by email using our
Contact Us form.
Thank you for visiting the Sterling Capital Services, Inc. (SCS) website. We wish you much success.
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