First Capital Funding

Q: Do you buy our accounts receivables (invoices)?

A: Yes, that is exactly what we do. We do not lend you the money, we make an outright purchase of the financial rights to the invoices at the time of billing.

Q: How do you collect?

A: The same way you collect: by invoicing your client for the service you performed.

Q: Do we bill on our letterhead or yours?

A: You continue to bill normally. Checks may be made payable to you, but mailed to our address.

Q: What is my customers' / clients reaction when I sell my receivable / invoices?

A: Your client will realize that you are undergoing rapid growth and need capital to maintain quality of your product or service. Selling your receivables is similar to a Line of Credit. Selling accounts receivables is a respect business practice.

Q: What are your requirements for buying an invoice?

A: The work or service must have been completed, delivered and accepted, and your client must be a credit-worthy risk.

Q: What are some of the things that are not required of me?

A: We do not require a financial statement, an audit of your books, tax returns, or long term contracts.

Q: Can we qualify with a history of credit problems such as bankruptcy, IRS liens, or judgements?

A: Yes! We are experienced in making arrangements with the IRS or the courts.

Q: Can we qualify if we already have existing credit lines or SBA loans?

A: We compliment and work in cooperation with your existing lenders to enable you to access even larger amounts of funding.

Q: Can we qualify even if we are just starting in business and have no credit history?

A: Yes, you can, if you have credit-worthy customers.

Q: What will it cost me?

A: We publish our rates so that our clients (you) know exactly what each transaction will cost. Rates are available upon request.

Q: How do you make money?

A: We get our Fee when the invoice is paid. We buy the invoice. We do not lend you the money.

A: We buy just about any valid receivable for a service performed or a product delivered to any business or governmental entity. We reserve the right to accept or reject any invoice.

Q: Can you give me an example of how it works?

A: You have completed the work and delivered the goods or service and you are ready to invoice your client. The amount of your invoice is $100 to $100,000 or 1 million dollars, 2 million dollars or more, we can handle any amount. Contact us by phone or fax, letting us know the amount of the invoice you wish to turn into immediate cash. Over-night the original invoices ready for mailing to your clients. We process the invoice within 24 hours, many times much less than that. When we have verified the invoice and it has been assigned to FIRST CAPITAL FUNDING, we immediately wire or overnight the Advance (60% to 80% of the invoice) to you. When we receive full payment from your client, we immediately send the remaining funds (20% to 40%) less our fee (4 to 6 points) to you. We do not get paid until the invoice is paid, it's that simple.

Q: What is the smallest invoice you will accept?

A: We have some clients that send multiple invoices ranging from $25 to $1000. We do not mind multiple invoices.

Q: What is the largest invoice you will accept?

A: You name the amount; 1, 2, 3, 4 million dollars. There is no top end. We are in business to service any size business.

Q: Do I have to sell my future receivables to you?

A: No. Sell us one invoice to see if the service works for you. If you like it, continue; if not, walk away. Later if you need our service you are already established as our client and are ready to go.

Q: What happens if my client does not pay?

A: Your qualified customers are covered under our receivables insurance policy at no added cost. We are one of only a few firms to incorporate this protection against nonpayment or slow payment in a receivables financing program. Our 3 page Purchase and Sale Agreement explains everything.

Q: Are there any geographical restrictions to your service?

A: We will buy invoices of any credit-worthy business or governmental agency in the USA. International receivables may require special arrangements.

Q: Will factoring be good for my business?

A: Receivables financing has helped thousands of businesses. We at FIRST CAPITAL FUNDING help your business GROW without getting involved in your day to day business.

Q: IS IT EASY TO GET STARTED?

A: ALL IT TAKES IS A PHONE CALL TO 732-635-1545.