Consulting & Management
FACILITATION OF ACCOUNTS RECEIVABLE FACTORING OR FUNDING
Generates cash flow daily or weekly for your business by selling your accounts receivable to a Factor or Receivable Funder. Typically Factors or Funders advance up to 80% of the estimated net receivable after any discount allowances are provided for the invoices submitted for funding. Typically, a commission to the Factor or Funder and any other related costs are usually deducted from either the initial “Advance,” or upon collection of the receivable. When the account is collected, the “net balance” will be remitted to you within an agreed specified period. The Factor or Funder usually provides a credit approval process for all accounts submitted for funding.
FACILITATION OF ASSET BASED LENDING
A funding formula based primarily upon percentages loaned against your Accounts Receivable, Inventory, and Equipment. Weekly, and in some cases monthly, values are placed upon your assets, that will allow you to borrow based upon the availability resulting from the percentages of those assets. The program focuses in many instances on Accounts Receivable and Inventory along with Real Estate as additional collateral.
FACILITATION OF SBA LOANS
Small Business Administration has loan programs for small businesses. A common product is the SBA 7(a) Loan Program. This program can provide loans for business real estate, equipment, and working capital. The SBA provides guidelines for this program and other programs.
FACILITATION OF PURCHASE ORDER / TRADE FINANCING
This program allows your business to finance a Purchase Order received by a specific customer. The customer usually has to be approved by the Purchase Order funding group. Once approved, the Purchase Order funding group would make the necessary financial arrangements with your suppler in order for the order to be produced for you to ship to your customer. Typically, Purchase Order financing also involves a Receivable Funder, because most P.O. funders require payment upon the shipping of the final product to the customer. Usually, the receivable Funder will accomplish this when the account, approved in advance, is presented for funding. You will receive the balance of the advance from the Funder of the receivable, after the deduction of the Purchase Order financing amount along with the Funder’s cost for funding the receivable.
FACILITATION OF EQUIPMENT LEASING
This program allows your business to lease equipment with monthly lease payments to the Leasing Company. The alternative to equipment leasing, is expending the capital to fully purchase the requested equipment. Lease terms average 24 to 60 months depending upon the nature of the lease along with the credit of the business or the individual behind the lease. In some instances there is a fair market value buy-out at the end of the lease term. A lease deposit is usually required with each lease agreement.
CONSULTING SERVICES:
- Real Estate Advisory and Funding
- Business Advisory
- Debt-Restructuring / Facilitation of Financing
- Bank / Funder / FDIC Creditor Work-outs
- Pre-Chapter 11 Creditor Work-outs
- Real Estate Work-outs and Resolutions
- Both Secured and Unsecured Creditor Work-outs
- IRS Payroll Tax Liability Matters
- Sales Tax Liability Matters
- Merger and Acquisitions Support
- Partnership Negotiation Support
We also maintain excellent relationships with both the Legal and Accounting professions to assist in fulfilling client objectives.
For an initial free Consultation, please call:
TCC Financial Inc.
Rick Thompson or Kirk Austin
Tel: (512) 351-4943
