| When you
extend credit to your customer, or you extend payment
terms to your customer, you become their BANKER! In
effect, you loan your customer money for 30 days, or
more, INTEREST FREE, and you lose the use of that money
while you are waiting to be paid.
EXTENDING CREDIT impacts
your company in three major ways:
- You lose interest that
you could have earned, even if you put it into a low
interest savings account.
- You can't take
advantage of purchase discounts from your vendors if
the funds are not available.
- You may lack the
capital to produce the next job, and may be forced
to decline profitable deals from good payers.
The longer your customer
takes to pay, the greater the impact upon your company.
1st
American
turns those invoices into immediate cash!
Who will
pay the cost of credit and terms..........You or your
customer?
With
1st American,
your company gets 70% to 80% of the invoice within 24-48
hours. When full payment is received on invoice, you
receive the remaining balance minus our fee.
1st
American
fees are
generally in the 2% to 5% range for each 30 day period.
Fees will vary depending on industry conditions, the
credit strength of your customers and their payment
history. If an invoice is paid within 30 days, your
company will receive 95% to 98% of the invoice total.
All our fees are competitive, our terms are flexible and
our response time quick.
Click
here to get started NOW! |
