Ideal
factoring clients consist of:
and
typically share the following traits:
-
Annual sales of $1 - $30 million
- Quality debtor base
-
Quality products and services
Companies
experiencing high growth, start-ups, turnarounds,
high debtor concentrations and even Debtors
in Possession (Chapter 11 bankruptcies)
all are candidates for factoring with Gulf
Coast.
Construction and Medical receivables are
typically not eligible for factoring.
To apply:
- Complete
Factoring Application signed by principle
or principles
-
3 years of financial statements (if available)
-
Latest interim financials
-
Personal financial statement of owner
or owners
-
3 samples of invoices with all related
backup documentation
-
Company brochures (if available)
-
Accounts receivable aging and accounts
payable aging.
