Pre Receivable Financing
Are you a US company in need of short-term capital to finance your business expenses? TRUSS Financial LLC offers Pre Receivable Financing as a flexible and convenient way to get the funding you need. With Pre Receivable Financing, you can create a receivable for your factoring or lending institution to advance on and take possession of, allowing you to fulfill orders and complete services without worrying about cash flow.
1. Flexibility
Flexible financing options tailored to your specific business needs. Out of the box solutions are key at Truss.
2. Quick Turnaround
Short-term capital solutions to bridge financial gaps and fund projects and the creation of the receivable.
3. Funding Ratio
Approval up to 90% of your approved end factoring or lending institution's maximum advance rate against your pledged collateral.
4. Revolving Capital
Ability to utilize credit for single or multiple transactions, creating a revolving platform base.
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TRUSS provides short-term capital to registered domestic US companies for a term no longer than 60-90 days.
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These funds are utilized to create a receivable for the Client’s factoring or lending institution to advance on and take possession of.
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Truss pays manufacturers directly to create the product, goods, or service. This allows the Client to focus on what they do best, creating the receivable and managing the business.
How it works.
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The Process.
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An introductory phone call is held with the client and our Head of Business Development David Williams to discuss the opportunity and to determine if it is a fit or not for both the client and for Truss.
If the opportunity is a fit for all parties, the client completes a Truss PO Application and submits required documents to a unique private folder which is shared with the client.
Truss will verify all Purchase Orders with the manufacturers and vendors as well as with the end debtors.
Truss will then issue a stipulated proposal, which will require an exit lender/factor in place to take Truss out of the deal once the receivable is created and the end debtor (the buyer) enters standard terms with the client.
If the client is not already factored, Truss will introduce the client to a factoring or lender source who will exit Truss from the deal. The factor may request additional information from the client prior to issuing their proposal.
Once the client has agreed to the factor or lenders proposed terms, a tri-party Intercreditor Agreement is executed between Truss, the exiting lender, and the client.
Once the Intercreditor Agreement is executed by all parties, Truss will pay the manufacturers / vendors directly for the production of the goods/services. Truss will also file a UCC1 on all of the client's assets. Truss will file a UCC3 and exit from the deal and is repaid directly from the factor.
The Process.
PO is issued
The client receives a PO (Purchase Order) from a reputable buyer (also referred to as an "end debtor". The client needs assistance with paying their manufacturers/suppliers/vendors to create the product/service in order to fulfill the PO.
Introduction to Truss
An introductory phone call is held with the client and our Head of Business Development David Williams to discuss the opportunity and to determine if it is a fit or not for both the client and for Truss.
Truss Application
If the opportunity is a fit for all parties, the client completes a Truss PO Application and submits required documents to a secure private folder which is shared with the client.
Verification
Truss will then verify all Purchase Orders & Invoices with the manufacturers and vendors as well as with the end debtors. We are looking to see that the buyer has a positive history and is reputable for paying on time.
Proposal Issued
Truss will then issue a stipulated proposal, which will require an exit lender/factor in place to take Truss out of the deal once the receivable is created and the end debtor (the buyer) enters standard payment terms with the client, generally 30-60-90 days.
Intro to Factor
If the client is not already working with a factor, Truss will introduce the client to a factoring or lender source who will exit Truss from the deal. The factor may request additional information from the client prior to issuing their proposal.
Intercreditor
Once the client has agreed to the factor or lenders proposed terms, a tri-party Intercreditor Agreement is executed between Truss, the exiting lender, and the client.
Funding
Once the Intercreditor Agreement is executed by all parties, Truss will pay the manufacturers / vendors / suppliers directly for the production of the goods/services. Truss will also file a UCC1 on all of the client's assets. Truss will file a UCC3 and exit from the deal once repaid directly from the factor. The factor will extend payment to the client until the client is repaid from their buyer (end debtor).