Accounts Receivable Financing / Factoring

Accounts Receivable Financing
Factoring

Funding your accounts receivable through The Mae Group easy and simple. As soon as your company creates an invoice, you send it to our sources for processing. Then, depending on advance ratios our funding sources have established specifically for your company, our funding sources will advance you a set percentage of the value of that invoice. The remaining percentage of the invoice amount will be held as “reserve.” Funds from your receivables are usually available to you on the same day you submit an invoice, and the advanced amount is repaid to our funding sources through the collection of the account receivable. The remaining reserve is available to you the same day the payment is received. We have sources that are capable of even purchasing your existing accounts receivables, helping you “jump start” your cash flow and giving you the instant ability to do more for your company.

The following benefits are available:

Customer credit investigations, evaluations and continuous monitoring
Accounts receivable bookkeeping with timely reporting available via fax or the Internet
Assistance with collection of accounts receivable
Freedom to focus company resources on other core business tasks

Advantages of Accounts Receivable Financing & Factoring

A prospective borrower does not have to be profitable or have a minimum net worth in order to qualify.
A business with tangible assets and qualified management can use its assets to create additional working capital to help carry out its business plan.
Accounts receivable financing allows the client to leverage the value of their assets and cash flow.
Accounts receivable financing simplifies the financial covenants for the borrower.
Rapid transaction assessment and turnaround from approvals to funding.

Generates more liquidity for a company within a cyclical industry, borrowing money against its assets may result in a more predictable borrowing availability.

Frequently Asked Questions

What assets are used? Typically accounts receivable and inventory are used for collateral.

What are the advance rates on these assets? Typically accounts receivables can range from 70-85 percent and inventory from 0-60 percent. This is determined by qualifying as “eligible”.

What would be considered ineligible? This would include past due receivables, inter-company receivables, and other lower quality receivables. Inventory would be work-in-process, packaging materials or inventory at a sub-contractor.

How long does it take for the approval process? Provided that all the information that is requested is supplied to us the approval process can be as quick as 3-5days a full commitment will be dependent on completion of an audit.

What types of industries will you lend to?

Automotive Parts and Products

Branded apparel and accessories

Building supplies

Business services

Chemicals and Plastics

Computer-related products

Consumer Products

Dairy

Food, Groceries and beverages

Industrial manufacturing

Paper related products

Rental equipment

Retail stores/Catalog sales

Steel and other metals

Textiles, yarns and furnishings

Transportation

Asset based lending | Accounts receivable financing | Factoring

Toll Free: 800 - 733 - 4606, Call: (863) 635-1872