Webinar: Introduction to Factoring - A Primer for Financial Intermediaries скачать в хорошем качестве

Webinar: Introduction to Factoring - A Primer for Financial Intermediaries

Versant Funding Intro To Factoring Presentation Transcript Seminar Objectives To provide you with: A basic understanding of factoring and relevant terminology. A step-by-step explanation of the factoring product at Versant. Competitive landscape. Frequently asked questions and answers. Total Presentation Time: 60 minutes Different Terminology Lending Term Factoring Equivalent Loan Factoring Facility Loan Amount Factoring Volume Lender Factor or Purchaser of Receivables Borrower Client or Seller of Receivables Note/Loan Agreement Purchase and Sale Agreement Interest Discount/Fee Borrower/Obligor Account Debtor/Customer Clients What is Factoring? The sale of a company's accounts receivable invoices to a factor in order to obtain working capital. Although there are numerous types of factoring; Versant offers full notification, non-recourse factoring. This means that account debtors (customers of the client company) are notified to pay Versant directly while the credit risk of non-payment is assumed by Versant. Prospective Client Profile Small to medium-sized companies with annual revenues of $1 million to $50 million. Businesses that need liquidity quickly who cannot wait 30, 60, or 90 days for payment of their accounts receivable. Businesses that need funds but have limited access to traditional credit markets due to lack of track record, limited capital base, or poor earnings history -- typically: Start-up companies Fast-growing companies Seasonal businesses Companies that have experienced losses Prospective Client Profile Client's customers are typically large corporations, municipalities or other government agencies. With the exception of the medical and construction fields, Versant will provide factoring to a wide-range of industries with good quality receivables. How Can Versant Help Your Clients? Versant's unique factoring product can provide immediate liquidity for your clients. A typical deal can be closed and funded within five business days of the initial referral. Factoring transactions will typically range in size between $1million to $50 million in sales on an annual basis. Versant will fund larger transactions if the circumstances are appropriate. Versant's factoring product is non-recourse to the client and does not require an audit of the client's business financial performance. Typical Use of Factoring Funds Project Financing Business Growth Financing Business Acquisition Financing Bridge Financing Financing Working Capital Needs Realization of Supplier Discounts Preparation for High Season Crisis Management Debtor-In-Possession (DIP) Financing