COMMERCIAL FUNDING NETWORK, INC

1-800-503-1972

1-212-658-9003 fax

"independent financing for your business growth"

PO Box 9584

Niskayuna, New York 12309

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Accounts Receivable Finance:

INTRODUCTION

FINANCING

 FACTORING

GLOSSARY

Selling or Factoring your Commercial Accounts Receivable

Receivable factoring is a method used by businesses to convert sales on credit terms for immediate cash flow.

Selling accounts receivable has become a common financial tool in obtaining flexible working capital for businesses of all sizes. The receivable credit line is determined by the financial strength of your customer and not as much focus on the financial strength of your company, the seller of the receivables).

Examples of Industries Currently Served:

Steps to Financing your Accounts Receivable:

1. You fill out a simple application and pick which clients you would like to factor, send in the additional information listed on your proposal.

2. Once your account is established, you send your invoices along with your corresponding backup.

3. Your dedicated account executive reviews and verifies the information your company has submitted.

4. Funds are advanced to your business within 24 hours via wire, ACH or check after verification.

5. Your customers send their payment to a dedicated PO Box.  The customer's check clears, we deduct our fees and refund you the remaining balance.

Eligible Invoices: generally defined as follows.  Exceptions may be negotiated on a case to case basis:

• Less than 90 days from the invoice date

• Due from a US based business customer that, in our judgment, is credit worthy up to the credit limit.  Your business customers must be credit approved prior to consideration for eligibility. Bank and trade references may be required for those business customers lacking satisfactory credit histories.

• Invoice resulting from a) the shipment and delivery of a product or b) the completion of a service and not subject to counter claim or offset.

• Invoice payment terms of Net 60 days or less

Questions?  Please call us at 800-503-1972; a CFN consultant will be happy to assist you.