Bank Comfort Letter: Comfort Letters and Advice of Blocked Funds are tools which we can offer to clients needing to demonstrate financial liquidity. While they do not guaranty payment, they often give the proposed lender sufficient confidence in the borrower, to extend the credit requested.
Factoring & Purchase order Financing: Purchase Order Financing can remove barriers to growth that trying to obtain traditional financing might cause. It also has a generally higher turnaround time in processing than traditional commercial loans. Payment is made to your suppliers, we receive payment from your customer, and your profit is paid directly to you.
Proof of Funds: We offer proof of funds for those clients who require financial liquidity for their projects and to show asset strength while qualifying for financing for loans or lines of credit. These POFs are generally used for commercial purposes but can also be used for real estate transactions as well. The minimum amount is $100,000.00 and there is no maximum due to the large number of investors available for this purpose. All the client needs to pay for is the interest for the investors while their funds are being used because all instruments and accounts are backed by investor’s funds as required by law.