How does Summit Finance offer a Working Capital Line-of-Credit?
	We purchase your commercial accounts receivable, giving you the cash in 24 hours or less. We provide credit checks on your current and potential customers. Our professional accounts receivable bookkeeping and collection services are part of the total financing program.
	What can Accounts Receivable Financing do for you?
	Accelerate your cash flow Improve credit rating Increase purchasing power Increase production and sales Most importantly, it allows your company to GROW.
	Who needs a Working Capital Line-of-Credit?
	Companies that are growth oriented. Companies that are young. Any company that has a need for cash now.
	What amount of accounts receivable would qualify for a Working Capital LOC?
	If your company sells a product or provides a service to another business and generates $ 5,000 to $1,000,000 per month in accounts receivable, Summit Finance has programs to fit your needs.
	How does A/R Financing affect my relationship with my customers?
	Summit Finance has a positive impact upon your customer relations. We often eliminate potential disputes by confirming that goods and services have been received and rendered to the satisfaction of your customers. To ensure lasting relations, all contacts with your customers are handled in a very professional manner.
	What type of receivable does Summit Finance Purchase?
	Just about any valid receivable for a service performed or a product delivered.
	Is Accounts Receivable Financing a widely accepted financial practice?
	A/R Financing is so widely recognized that nearly every retailer in the United States includes a blank on their purchase orders indicating whether the invoice is to be sold. Until recently, A/R Financing was only available to companies with receivables totaling $20 million or more. Now, due to advances in technology, Summit Finance can serve the small business community without incurring high administrative costs.
	What types of reports will Summit provide me?
	We provide you reports showing the status of each invoice we’ve purchased, e.g. which ones have been paid and when, which ones are still outstanding, the balance in your reserve account, etc.
	Do I have to jump through the same hoops as in bank financing?
	No, because Summit Finance, with a complete application and a detailed accounts receivable aging, our funding proposal will be in your hands within 24 hours.
	How long does it take to receive the first funding?
	The initial funding takes between 5-10 business days after we receive your signed application. If you wish, you can send some invoices to be funded with the application. After the initial funding, your company can receive funds within 24 hours on future invoices.
	Do I have to agree to sell future invoices?
	No, there are no contracts. You can sell us one invoice, walk away and never come back or come back as often as you like. You're in control of your A/R Financing. Sell only the invoices you want to meet your cash flow needs.