Haskin Capital Group : Service Portfolio

Accounts Receivable Financing

What is Accounts Receivable Financing? The selling of a company’s accounts receivable, at a discount, to a factor, who then assumes the risk of the account debtors and receives cash as the debtors settle their accounts. A firm that sells its accounts receivable may not be confident of its ability to collect those debts, or might think that the cost of collecting that debt is more than the discount which must be provided to the factor when of selling their receivables.

Partnering with A/R Funding. Though our financing solutions are simple and straightforward, the benefits of utilizing them are extraordinary. By partnering with A/R Funding, your business will experience unlimited potential through:

When Cash Flow Is Your Lifeline, Look to A/R Funding

“It was a Catch 22. My bank wanted me to prove I could grow, but wouldn’t give me the financing to do it. That’s where Haskin Capital Group stepped in.”

Though our financing solutions are simple and straightforward, the benefits of utilizing them are extraordinary. By partnering with AR Funding, your business will experience unlimited potential through:

Improved Cash Flow. Because we issue funds to you as soon as you generate a new invoice (called invoice factoring), you’ll have quick access to the steady cash you need to grow your business. No more waiting 30, 60, or even 90 days for clients to honor their payment obligations.

Offer Trade Credit. To grow your business and be successful, you typically have to extend credit to your customers. This can put a real strain on your cash, which in turn, limits your ability to take advantage of new opportunities. With AR Funding you’ll be able to extend credit to your customers without impacting your cash flow. We advance up to 90% of your invoices, through invoice factoring, providing you the working capital necessary to grow your business.

Vendor Discounts. Imagine being able to pay your bills on time – even ahead of time. Once your grateful vendors realize how quickly you’re paying them, they’ll be more willing to offer you better terms or even cash discounts. Plus, you’ll positively impact your company’s credit rating in the process.

Freedom. With our accounts receivable funding and outsourced collection services, you’ll be free to focus on the day-to-day operations so vital to your company’s well being. You‚’ll also enjoy the freedom of planning for the future of your company instead of fretting over the present.

Accounts Receivable Financing and Factoring are two different forms of Receivable Financing.

Financing a Business After a Recession

Although the recession has been technically over for a while,¬† there is still a question whether the recession is over or not – or are we going for a double dip recession – finding business financing remains almost as challenging as it was during the worst part of it. This is due to a combination of lending institutions being in bad financial shape and lenders being more conservative in their lending. In the end, they only provide business loans to companies that are in pristine shape. That means that companies need to have two to three years of positive financial statements, have strong cash flows, strong assets and a seasoned management team. However, few companies have survived the recession unscathed and most can’t meet these requirements. If a company is viable but has a less than perfect past – what are their options?

Most companies that look for financing tend to have a similar problem – poor cash flow. This problem starts (or worsens) when customers start paying their invoices late or asking for longer payment terms. Invoices that used to be paid in 15 to 20 days, now get paid in 30 to 40 days. Some customers may take up to 60 days to pay an invoice. In the meantime, the company still needs to cover all their current expenses. This can put a company in a precarious position, especially if it does not have strong cash reserves. They risk missing a critical supplier payment or worse, missing payroll. One way to fix this problem without using a business loan is to use invoice factoring.

Factoring and Receivable Financing provides an advance for slow paying invoices. This provides the company with the necessary funds to meet supplier payments and other expenses. More important, it stabilizes cash flow by providing predictable invoice payments, allowing the company owner to focus on growing the business.

When cash flow is tight, owners fret over taking on new business and adding customers because they are unsure if they will be able to cover expenses until the client pays. Invoice factoring solves this problem – allowing the business to take on new clients and grow.

Important: If you are serious about securing funding, please contact us. We look forward to earning your business.

Also, Brokers/Consultants are welcomed, appreciated, and protected!