Orr Commercial Capital provides accounts receivable financing to businesses with annual revenues between $1,000,000-$50,000,000, offering advances of up to 75% of receivable value within two weeks. They charge a monthly fee of 2.5-3% of outstanding invoice values for up to two years and require a UCC filing and performance guarantee from principals but not a personal guarantee. Closing occurs within two weeks of initial contact.
1. Orr Commercial Capital, LLC
Factoring:
Accounts receivable financing to provide capital in under two weeks, Annual
company revenues should be between $1,000,000 - $50,000,000.
Client Profile: Broad array of industries with quality receivables.
Rates: Typically between 2.5% - 3% of the face value of the purchased invoices
for each month that the account is outstanding. No other fees are charged.
Factoring Term: Generally two years
Collateral: UCC filing on all available assets
Advance Rate: Up to 75% (the advance rate is the amount received upon closing;
however the client will receive the difference less lender's fee upon collection of
the receivables)
Performance Guarantee: performance guarantee by principals to deliver
conforming goods and proper services to customers is required. (personal
guarantee is not required)
Closing occurs within two weeks from initial contact.
www.orrcommercialcapital.com ~ morr@orrcommericalcapital.com ~ 203-249-0425