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Cash Advance
Vendor Program
The "Cash
Advance Program" is an alternative financing product that allows
you to increase sales, decrease collections as well as retain and satisfy
your customers.
The "Cash
Advance Program" provides you with:
- A financing
vehicle that recognizes the purchasing and cash flow needs of your customers
- 100%
payment to you on delivery of merchandise - no need to factor your invoices
- New customer
acquisition through this unique financing product
- Ease
of administration
Cash
Advance Program Overview:
Business
Financial Services, (BFS) offers financing to merchants by providing
an advance for the purpose of purchasing inventory. A vendor refers a
customer to BFS by providing them with a pre-application or directing
them to a web site address with unique tracking on the Internet. BFS collects
the necessary criteria in order to evaluate the creditworthiness of the
buyer. Business owners with credit scores of 530 and higher usually accepted.
Based upon the results, the merchant is advanced the funds to purchase
the inventory.
The merchant
then has between 90-days and up to 6-months to payoff the advance through
their credit card receivables. BFS along with its credit card processor
manages the merchants processing and withholds a small percentage of the
merchants credit card sales until the advance funding plus a fee is
paid to BFS.
The fee can
range from 1.25 to 1.45 and is based upon: credit worthiness, length
of time in business, length of lease, monthly credit card volume,
average monthly sales volume and past business history.
Benefits
For Your Customers:
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•
The program is simple!
• Funding can occur in as little as 10-days
• Easy payback terms and conditions
• Can include all fees in cost of goods
• Available funding for opportunistic buys
•
Tax deductible
• Improves cash flow
• Builds business credit
• No need to markdown inventory to raise cash for new inventory
• May receive additional funding for other purposes upon requests
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Sign
Up As A Preferred Vendor Today and Receive:
- Free
link from the Business Financial Services web site to your web site
or promotion page
- Referrals
from our partner network
- 1% commission
on any Cash Advance funded to your customer
- Free
Cash Advance brochures to provide to your customers
Call:
Cathy Bass 877- 411- 6691 x 303 or
CLICK HERE to sign up today!
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