Our Installment Receivable Line-of-Credit is particularly applicable to dealers of housewares, electronics, automotive accessories, furniture, and similar types of consumer products, as well as to select small ticket leasing companies.

The following information outlines the basic components of our standard accounts receivable financing arrangement:

• Typical clients provide financing on consumer goods selling for more than $400 and less than $4,000 and for terms averaging 12 to 24 months..
  
  
• We provide a revolving Line-Of-Credit (LOC) secured by eligible installment accounts receivable.
  
  
• You may borrow on the line-of-credit using a "Formula" expressed as a percentage (the "Advance Rate") of eligible accounts receivable balances. The Advance Rate percentage is determined prior to loan closing and is specific to your business.
  Formula = Eligible Receivables (including new business) x Advance Rate-LOC Balance
  
  
• Eligible receivables consist of accounts that qualify for financing subject to specifically established delinquency criteria, generally not more than two payments past due, We require receipt of the original contract prior to making an advance against the receivable.
  
  
• Interest on the Line-Of-Credit borrowings is payable monthly.
  
  
• We provide each account with a payment coupon book if an installment account, or a monthly statement, if a revolving account. Delinquent accounts are dunned every 15 days. Your name and phone numbers appear on all correspondence.
  
  
• Customers generally are required to remit payments directly to us and are encouraged to avail themselves of our ability to take payments via ACH, EFT, or Military Allotment. Any payments received directly by you must be remitted to us for proper application to your customer's accounts.
  
  
• Payments received are credited to the customer's account and your loan simultaneously. Detailed reports are provided on our website so you may monitor account activity. Reports are updated several times a day and individual account details are updated daily. Your funding requests are faxed to our office and credited to your account within 24 to 48 hours.
  
  
• We encourage your participation in collection activities to minimize delinquency and reduce the amount of ineligible accounts.
  
  
• Customer inquiries and complaints are directed to you for resolution. We may also make a direct inquiry to you regarding the status of specific complaints, which may affect an account's eligibility status.
  
  
• We do not authorize or consent to cancellations or account adjustments without your direct authorization. Copies of correspondence received from customers are immediately forwarded to you for disposition.
  
  
  Our unique method of financing puts you in control of your customers and your cash flow.
  We give clients the working capital they need as the business grows. Each installment receivable line of credit is designed with the particular requirements of the client's business in mind, and we work to custom tailor our services to a perfect fit.
  
  We understand your business needs cash to grow. Unlike conventional credit borrowing, the advance on eligible receivables does not need to be repaid by a specific date. When your customer pays, we credit our client's line of credit and the customer's account at the same time. Each customer payment decreases the amount of money owed on the line and increases the amount of credit available. As your receivables pay and grow, so does the amount of money we can make available.
  
  

Find out how our Consumer Receivable Financing Program will
benefit your business :

Please complete our online information form

Or
You Can Sell Your Contracts.
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Also

You can now borrow against
your future credit card sales.
Almost every merchant is approved!
Please click here for more information

Call Fred Coutts
Phone#: 206-281-3153
Toll Free#: 1-888-942-6639
Fax#: 206-378-1070
Email: Info@FredCoutts.com

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