Accounts Payable (Vendor) Financing
Accounts Payable (Vendor) Finance is a new and powerful working capital loan that doesn’t affect your current line of credit.
Here’s an example of how it works
You are importing raw materials or finished goods from a vendor, who insists on a Letter of Credit (LC) or cash payment. But you want to pay 30 days after receiving the goods. Revenue Services will arrange to pay the vendor cash and give you a loan, which you repay 30 days after receiving the goods from the vendor. You get lengthy terms, your vendor receives cash – all at a low cost.
How much does it cost?
Accounts Payable Finance is a bank loan. Even though the loan is unsecured, interest charges resemble your line-of-credit interest charges. If you are a finance professional or controller, you will recognize how attractive this is.
We don’t take security on company or personal assets
We take insurance against you defaulting on the loan. Subsequently, there is a small insurance fee per transaction and a yearly setup fee.
Get Accounts Payable Finance Working for You
To learn why Accounts Payable Finance is the best working capital financing tool available, and how you can benefit from it, contact us today.
Please provide your email address to regularly receive funding updates.
You need to have an RSS reader to access this feature. Otherwise, click here.
Get to know more about Revenue Services Group on our Linkedin page.
ADDITIONAL NET INCOMEFunding & Tax Credits