Danbury Capital's A/R Factoring products
Danbury provides services for the financing of accounts receivable.
The Problem:
Why do 85 percent of new businesses fail within five years? Insufficient cash flow. Most customers don't pay on delivery. Instead, they take their time paying invoices using the money they owe for their own benefit.
So your unpaid Receivables pile up. And up.
If you could access the cash behind those Receivables, you could make the investments that would pay off for your business...like investing in new equipment, hiring essential employees, and marketing your business more effectively.
Plus, collecting those Receivables takes up your valuable time. That keeps you from focusing on your business — on the things you do best.
Why not go to a bank for a loan? Banks use credit committees, which are often slow to act. And a bank line of credit may not be accessible or flexible enough for your business. You need a quick solution — without the constraints associated with banks and equity participation.
The Solution:
To solve their cash flow problems, more and more businesses are partnering with Danbury. We can take over your back office credit and collection duties, and provide you with cash right away — as much as 95 percent of your receivables, depending on your industry. This frees you to concentrate on growing your business!
That's all. We don't charge you to apply for or maintain an account and we don't ask for long-term commitments — you can use our service as you need it. Almost any business-to-business transaction done on credit terms with a verifiable invoice is eligible for financing.
Along with ready access to cash, Danbury provides:
- Daily, or Online Invoice Aging and Collection Reports
- Increased sales by taking on new customers and extending better credit terms
- Increased purchase power by taking advantage of cash discounts and volume purchases
- Professional customer service
- Free credit investigations
- Free lockbox service
- Free electronic fund transfers
- More time to grow your business
- Defense against credit losses
- The ability to pay past due suppliers
- Reduced administrative overhead
Program Highlights
- Initial Credit facilities from $100,000 to $5,000,000; renewal extendible to $10,000,000
- No financial covenants or field audits
- Funding of invoices is largely dependent on the creditworthiness of the Client’s customers; not the financials of the Client
- Advance rates up to 90% with no insurance requirements
- Quick approval process; within a few business days of receipt of information from the Client
- No required contract term or minimum funding limits
Danbury Because…
- Danbury’s origins date back over 60 years
- Through our outsourcing agreements we provide award-winning customer service and state-of-the art systems and reporting through a real time internet Client link
- Depository relationship is maintained in a Canadian Bank domiciled in the Client’s Province of record
Client Benefits
- Cash flow injection to fund growth, refinance existing debt, catch up on past due payables or other working capital needs
- True ‘floating” credit limit to maximize availability and facilitate Client sales growth
- Professional comprehensive A/R management services:
- Credit reviews and credit limits for each of the Client’s customers
- Collection assistance
- Credit protection from bad debts
- 24-hour online secure account access
- Export Debtor Programs, for Clients who export beyond North America; often without the need for account debtor insurance