FAQs
What exactly is Accounts Receivable Financing?
Accounts Receivable (also referred to as A/R) financing enables businesses to sell all or part of their current A/R to a financial institution, in exchange for an immediate advance that provides cash to cover invoices. This type of funding is critical for many firms to manage their cash flow, meet current obligations and promote growth.
What are the specific advantages of A/R financing?
Using your A/R as collateral for immediate cash flow helps you manage your business; pay your employees, temporaries and related taxes; and meet other operational expenses. This can also be a means of minimizing your credit exposure, by controlling credit limits on existing customers.
What is the advantage of using Eagle Financial as my A/R partner?
Eagle Financial is a proud member of the Cornerstone Community Bank. As such, Eagle is Rock Solid and specializes in working with independent staffing firms nationwide. You can rest assured we will be there with the necessary funds when you need financing.
Am I required to finance all my A/R with Eagle?
No. Eagle allows you the flexibility to finance what you need on a regular basis to manage your business and cash flow.
Is A/R financing the best way to go?
In Eagle’s opinion, Yes. A/R financing is a critical component in the success of many staffing firms since you have much more flexibility and are not confined by the numerous and restrictive covenants of other lenders’ programs.
Can I finance Government receivables with Eagle?
YES. Eagle Financial is more than happy to fund government receivables!
Will I give up any equity in my business by using Eagle’s A/R financing?
No. You will always maintain 100% ownership and equity of your business.
What is needed to start the application process with Eagle Financial?
Simply click on the “GETTING STARTED” tab and it will direct you to our easy, step-by-step process to get things moving. Should you have any questions along the way, feel free to give us a call.
If my need is urgent and I need financing now, how long does Eagle’s process take?
Eagle Financial is proud of its ability to mobilize quickly and efficiently to meet our prospects’ funding needs in the most expeditious way possible. Once we receive the required information, we can react in days, not weeks or months.