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  • Blog
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  • Home
  • About
    • Meet Bob
    • Reviews
  • Financing Programs
    • Term Loans, and Lines of Credit
    • SBA Loans
    • Receivables and Inventory Finance
    • PO and Mobility Finance
    • Equipment Finance
    • Investment Property Real Estate Finance
    • Commercial Real Estate Finance
  • Blog
  • FAQs
  • Contact
  • Referral Partners

Frequently Asked Questions

Invoice Financing/ Account Receivable

Do I have to factor all of my invoices?

No, you may take multiple advances even If you have an outstanding balance.

Does my business qualify for factoring?

Most companies that have receivables can qualify.

How are collections made?

You can choose whether to have the lender collect for you or you can continue to collect from your client. It is your choice.

How do I get started?

It's quick and easy, just give us a call at 1-866-751-4999 and we can help get you started.

How quickly can I receive my money?

Once an account is established and your customers are approved, you receive cash within 24 hours of the invoice being received by the lender.

What documentation is required?

Most lenders will require the following:

  • Credit Application
  • Driver’s license of principal
  • Client list with annual sales and full contact details
  • Formal open receivable report
  • Corporate documents I.E. certificate of incorporation or corporate resolution
  • Copy of recent invoices

What is Invoice Factoring?

The selling of invoices to a lender company to improve cash flow and reduce bad debt. The company is able to benefit from a boost in cash flow and being able to eliminate the need to process invoices.

What is the smallest invoice or largest invoice accepted?

At our lenders, there are normally no minimum or maximum amounts. However, as a guideline, lenders do like to see a minimal of $25,000 per month in invoicing. Maximums are based on the credit value of your clients.

Term Loans

Does my advance need to be completely repaid before taking another one?

No, you may take multiple advances even If you have an outstanding balance.

How do I get started?

It's quick and easy, just give us a call at 1-866-751-4999 and we can help get you started.

Is the amount based on my credit?

Even if you don’t have the best of credit, you are likely to qualify for one of our lender's cash advances. Cash advances are based on the cash flow of your business.

What can cash advances be used for?

There are no restrictions on what you can use the funds for. You can fund a variety of business purposes including paying taxes, advertising, new equipment, and expansion. It’s your choice.

What is a cash advance?

Cash advances are short-term loans and are sometimes referred to as hard money as the interest rates are higher than a traditional loan.

What items are required to get a cash advance/short-term loan?

Most of our lenders require the following:

  • Credit Application (see our application under Cash Advances)
  • 6-8 months of the businesses bank statements
  • Driver’s license of the principal
  • Corporate documents I.E. certificate of incorporation or corporate resolution

Small Business Loans

How do I get started?

It's quick and easy, just give us a call at 1-866-751-4999 and we can help get you started.

How do I know if my business needs a loan?

Any small business that needs funding to survive or expand but lacks the funds to do so could use a small business loan.

How does repayment work?

The repayment depends on the terms of the loans. Some are paid back daily via ACH while others are deducted on an agreed-upon cycle, usually weekly or monthly. Small business loans do not require your business to accept credit/debit cards.

What is a small business loan?

A Small business loan is an advancement of funds with a fixed payback period of principal and an agreed-upon interest rate.

What items are required to get a small business loan?

Most of our lenders require the following:

  • Credit Application
  • Driver’s license of the principal
  • Corporate documents I.E. certificate of incorporation or corporate resolution
  • 6-8 months bank statements
  • 2 years of the financial and current year to date financials

What kind of business do your lenders finance?

All industries can qualify.

Why should I go with a private lender versus a bank?

Banks are regulated by the federal government where lenders are not. Private lenders have more flexibility with lending, require less paperwork and the process is faster.

Purchase Order Financing

Can PO financing work if there are multiple suppliers for each transaction?

Yes. Separate payments or letters of credit can be presented to each supplier.

Do the funds get advanced to us first to pay the suppliers?

No, The lenders will pay the suppliers directly.

How is PO financing different from bank financing?

Banks lend money based on a borrower’s balance sheet, financial history, and cash flow. Purchase order financing is provided based on the profitability of a transaction.

What documentation is required?

Most lenders will require the following:

  • Credit Application
  • Driver’s license
  • Client list with annual sales and full contact details
  • Formal open receivable and payables report
  • Corporate documents I.E. certificate of incorporation or corporate resolution
  • Copy of recent invoices and purchase orders

What is PO financing?

Purchase order financing is used to pay your supplier cost. Normally clients are required to pay 20-30% to suppliers. Our lenders will provide payment to them or provide a letter of credit to meet these obligations. This provides businesses with the capital needed to fulfill large orders that exceed their current financial capabilities. Funding is then repaid with the proceeds from the sale after the goods are delivered to the client. PO lenders do prefer factoring to be in place.

What items are required to get a cash advance/short-term loan?

Most of our lenders require the following:

  • Credit Application (see our application under Cash Advances)
  • 6-8 months of the businesses bank statements
  • Driver’s license of the principal
  • Corporate documents I.E. certificate of incorporation or corporate resolution

What People Are Saying About Us

We were a small company struggling with working capital. Alexander Financial worked with us to obtain the capital we needed to renovate our offices and grow our business rapidly. If you are a business looking for capital, I highly recommend you call them.

Executive Member - Health Services Firm, New Jersey

I have known Bob and worked with Bob for the past 2 years.
He is a professional in the financing industry and is able to offer solutions on complicated funding requests.

Carl Simone
Trade Key
mid jersey
njmep
captive one
ifsa

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Alexander Financial Solutions
181 South St Unit B2
Freehold, New Jersey 07728
(866) 751-4999
(908) 345-6172
info@alexanderfs.com

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