Invoice Factoring
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GillmanBagley Provides Invoice Financing
GillmanBagley provides invoice financing and factoring for businesses seeking working capital and improved liquidity. Our invoice product allows for small businesses to harbor growth and develop operational stability. Our approach is to understand each transaction deeply and work hand in hand with our partners to provide terms and structures that meet the financing needs of our clients. Our process moves quickly through pre-underwriting, diligence and closing.
Our Differentiation
- Customer service
- Highly responsive
- Transparent feedback
- Efficient proposals with thought-out terms and structures
- Direct points of contact with credit members and final decision makers
Our Clients
- Businesses that generally extend credit to their existing clients with terms of 30, 60, and 90 days
- Businesses with monthly revenues greater than $50K
- Businesses with financing needs that are currently not being met with their cashflow or by their existing lenders.
Industries
- Government Contractors
- Service Providers
- Manufacturing
- Wholesale and Distribution
- Transportation and Logistics
- Suppliers
- Janitorial Services
- Machine Shops
- Staffing
- Technology/IT
- Printing
- Food Services
- Consulting
- SaaS
- Security Services
- Property Management
Ideal Scenarios
- High growth situations
- Restructurings & turnarounds
- M&A transactions
- Start ups
Use of Funds
- Refinancing existing debt
- Payroll expenses
- Managing seasonal demands
- Business reinvestment
- Marketing and advertising
- Inventory & supply purchases
- New equipment purchases
- Vendor payments
Underwriting
Criteria
- U.S. based companies that extend credit terms to other U.S. entities
- Revenues greater than 50K Monthly
- No Tax liens or Background issues
Process
What we need to get started
- Complete One Page Application
- Current Detailed A/R Aging
- Prior Year and YTD Financial Statements
(P&L + Balance Sheet) - Deal dependent requests that are based on the story of the business, the industry, company size and company specific details.
Gillman Bagley Underwriting
Criteria
- U.S. based companies that extend credit terms to other U.S. entities
- Revenues greater than 50K Monthly
- No Tax liens or Background issues
Process
What we need to get started
- Complete One Page Application
- Current Detailed A/R Agin
- Prior Year and YTD Financial Statements (P&L + Balance Sheet)
- Deal dependent requests that are based on the story of the business, the industry, company size and company specific details.
Our Review
With an initial due diligence list we can provide feedback in less than 24 hours
Our proposals are generated within 48 hours of a full package review
Closing as early as 1 week
Our Terms and Structures
| Transaction Limits | $50,000 – $10,000,000 | ||
| Collateral | Accounts Receivable | ||
| Advance Formula | Up to 95% of eligible invoices | ||
| Advance Frequency | Daily or Weekly | ||
| Contract Length | None | ||
| Minimum Utilization | None | ||
| Transaction Limits | $50,000 – $10,000,000 | ||
| Collateral | Accounts Receivable | ||
| Advance Formula | Up to 95% of eligible invoices | ||
| Advance Frequency | Daily or Weekly | ||
| Contract Length | None | ||
| Minimum Utilization | None | ||