A whole new perspective on funding
your growing and dynamic business
The scenario is familiar. Business is great! You are selling product or providing a service, and the bottom line looks marvellous! In fact, the business is actually growing, and plenty of new orders are coming in. But, somehow, you cannot meet the demands. You need to hire extra staff, you need to increase inventory, and you need to beef up production.
But there is just no more cash - all your money is tied up in Accounts Receivable, and you are hand-cuffed.
And when you get to the bank and ask for additional funding, the answer is NO . They are glad to see that business is booming, but sympathetic that no additional financing is available.
But today, there is a viable, workable alternative. Western Liquid Funding is a realistic solution that allows a business to generate cash flow from alternate borrowing.
"It's a familiar business scenario", explains Steve Friedland of WESTERN LIQUID Funding , an alternate Funding company based in Vancouver. "we see it all the time. Two or three larger accounts decide to take an additional 30 or 60 or 90 days to pay an invoice, and you have a cash flow problem. And although businesses generally rely on corporate lines of credit from conventional lending sources, sometimes those traditional avenues are unavailable. That is where we step in and fund. In short, the process of acquiring additional financing can be lengthy, arduous, and sometimes impossible."
The WLF approach is simple!
With credit-worthy receivables, and a proper business plan the company can turn those receivables into immediate cash.
WLF can
offer short "term funding" or an operating line of credit - everything is based on the company's receivables, and security offered, the better security the more cash is available.
It's true that Western Liquid Funding is more costly than the traditional means of Funding, but companies doing business with WLF soon realize that the benefits make it well worthwhile.
"One of the big advantages of our Funding is the short turnaround time.", explains Friedland. "We do not have a lengthy approval process, and business owners often have their first advance within a week after completing an application. After that, subsequent advances are available within hours. As long as a business is solvent, and receivables are sound, and there is sufficient security there are few obstacles to obtaining Funding." But in keeping with principled accounting practices, our Funding approvals are by no means automatic. A business must be reputable. It must have a solid product or service, and it must have credit-worthy customers.
"This is my own business, and as a personal stakeholder I can react quickly to the financial needs of my clients. I can provide the professional, hands-on attention that each of my clients demand."
Western Liquid Funding has an important place in today's business environment - it is a practical and efficient Funding alternative that allows companies to carry on with the business of doing business.
Western Liquid Funding can give a company the opportunity to expand a customer base - to increase manufacturing and production - to launch a new product line - even to weather a seasonal slump.
FREQUENTLY ASKED QUESTIONS
1. Does everyone who invests with you get an 12% annual return or just the first person in line (not the referrals).
No you would receive 12% or 1% p/m on your funds.
2. Are you a private investor? What do you invest in? Are you part of a company or business?
I am the sole proprietor of my business, and provide interim or short term bridge funding to various business ventures.
3. How often are people who invest with you paid?
Interest monthly, capital at the end of the term period of 6 months, or if the capital rolls over, on
30 days notice.
4. How do I know that my funds are safe? How do you reassure investors?
I have the necessary security, which includes either of a mortgage, GSA, share pledge, receivable assignment, insurance policy, and a corporate and individual guarantee, and I too have the necessary life insurance in place
5. When could I (or other investors) take our money out if needed?
After 6 months on 30 days notice
6. Where is your base of operations and do you deal with Canadian investors?
Vancouver, and my investors come from Canada, USA, UK,Australia, Israel and South Africa
7. Do you pay a referral fee to Borrowers located for you?
Yes, I do. I pay a percentage of my fee, which may vary, depending on the amount required, and the amount advanced by my investors.
8.
How do you qualify your Borrowers?
I conduct an extensive "due diligence", and also invariably require a "meet and greet".
Steve Friedland, B. Proc - Legal
WESTERN LIQUID Funding
Proud Member of the DollarMakers Joint Venture Club
website by: Artbox.ca
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