Products
Funding Lines – provides cash immediately to your company so that you can keep pace with routine operating expenses. This is accounts receivable finance based on the size of your accounts receivable and the credit strength of your customers.
Though conventional bank lines of credit are nearly always less expensive, Federal National’s Funding Lines are priced 30% to 50% below most factoring rates and compete very favorably in price and service with the best asset based lenders.
If your business is:
• Growing rapidly
• Just starting up
• Capital constrained
• Short on the fixed assets banks prefer
• Suffering temporary financial adversity
You can easily and quickly obtain adequate funding to seize opportunities for growth.
Funding Lines are available from $50,000 to $6,000,000, and the financing available grows easily as your accounts receivables grow.
You draw upon the financing when you invoice and use only as much or as little of the funding you need.
Earned/Unbilled Financing – helps qualifying clients cover challenging weekly or bi-weekly payrolls even though billing is on a monthly schedule. Based upon work completed under contract but as yet unbilled to your customer, Federal National can advance upon a pro-forma, interim invoice to get funding to you on your payroll schedule.
Financing Letters of Intent - provided free of charge indicating Federal National’s preparedness to provide financing. These letters are available to clients of FNP to help demonstrate financial capability to a new customer, subcontractor, bonding agent or investor.
Accounts Receivable Management - provides Accounts Receivable Management services with every funding line to improve the speed and reliability of your accounts receivable payments. Once customers are invoiced, Federal National provides a follow-up service to confirm your bills are received and promptly processed by your customers.
This is not a collection service. Your customers are never strong-armed and often appreciate the professional diligence Federal National lends to the billing and paying process.
Trade Credit Support - offers comprehensive escrow and payment direction services. Acting as an independent agent, we craft customized agreements to control the flow of payments under contracts or orders. These agreements are valuable when negotiating favorable terms with suppliers, subcontractors, other creditors or when teaming with a larger partner for a significant award of business.
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