Account Receivable Financing

AR Financing:  Many times business owners find the cash flow of their business impaired because they have plenty of sales on terms or credit, but not enough cash sales.  This causes account(s) receivable to increase, but the bank account to decrease until the customer actually pays the bills.

Often the solution to this need is to obtain a loan against your inventory or a combination of your inventory and account(s) receivable.

Working with your Business Relationship Officer at Anchor Bank, you will be able to discuss if this is a good option for your business.  We will look at your sales history, collection experience on your accounts, your sales cycle and then help you come up with a receivables financing package to meet your needs.

Some solutions may be:

• Selling your accounts to a “factoring company”.
• Providing a Line of Credit secured by your eligible account(s) receivable and inventory
• Doing a one time term loan secured by business inventory and equipment and putting the cash from the loan back into the business.

Contact your Anchor Business Banking Officer to set up a free consultation.

At Anchor Bank, we strive to deliver ‘Banking beyond the ordinary’ every day.

For more information call or visit any Anchor Bank location or call us at 360-532-6222 or toll-free at 800-562-9744 for a quote and application package.

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