Accounts Receivable Factoring
5Star Bank Advantage: Factoring facility is offered as a component of a comprehensive banking relationship, catering to all your business needs. This offers a gateway to conventional financing once you have achieved your growth and profitability goals.
- A scalable and flexible working capital solution that enables you to convert your invoices into cash
- Working capital facilities can grow as your revenues increase giving you access to growth opportunities without diluting your equity
- Facility size: from $100,000 to $5,000,000
- Streamlines/enhances your credit control function, with professional customer credit assessment and A/R monitoring
- No financial covenants
- Available for startup and high growth companies, providing they have commercial receivables
- Advance rates up to 90%
- Competitive rate
Industries:
- Manufacturing/ Distribution
- Staffing/ Consulting
- Professional Service Providers
- Technology
- Food companies