Does Promotional Capital loan its clients money?
No, technically Promotional Capital purchases your accounts receivable. We make an outright purchase of the financial rights to your invoices.
Are you similar to a bank, franchise or larger distributor?
No. Promotional Capital is a specialty finance business. We provide immediate funding exclusively to promotional products
and marketing businesses. Period!
What invoices qualify for purchase by Promotional Capital?
Any valid invoice for merchandise sold or services performed to a credit-worthy customer, government agencies included.
Does the size of my Transaction (order and/or invoice)
matter?
No. Any size order/invoice is acceptable from $500 to $1MM or
more and everything in between.
Will the invoice to my customer be on our billhead, or yours?
The invoice will be on your billhead. Just inform your
customer that the payee and remittance is to Promotional
Capital's lock box address and continue to bill as usual.
Will you be able to provide funding for up-front costs I may have with some suppliers?
Yes. Promotional Capital's Purchase Order Financing will provide the funds needed to pay your suppliers for up-front costs that may be required from time to time to process some of your new orders.
How do you collect?
Promotional Capital's professional, courteous
representatives manage the collection and follow-ups of the
receivables we financed from your customer. Be assured that we will come across as simply an extension of your own business.
Will my customers be concerned?
No, just the opposite. Many of the largest corporations in the world use receivable-based financing to improve cash flow, support growth and increase profits. Many of your customers may even use this service, or may have become familiar with it through other vendors. The fact that you qualify for this credit-line makes a strong, positive statement. Your clients will view you as a vendor of consequence, who is financially stable and growing.
Can we qualify if we are a new business or have past credit problems such as bankruptcy, IRS liens or judgments?
Absolutely! We do not require a long operating history, or
profitability. In fact start-ups are just fine with us. We do
not base our primary funding decisions on your personal or
business credit history.
How quickly can we expect to receive funding?
Once your Promotional Capital account has been established, and a verified
new purchase order and/or invoice has been sent to an approved customer, you could begin to receive funding within hours.
How does Promotional Capital make money?
We subtract our fee from the reserve amount after the invoice is paid, and before we forward the
final balance to you.
What happens if my customer does not pay?
Promotional Capital often does assume the credit risk of
your customer not being able to pay for the services provided
due to insolvency. However, we do not assume the risk of
non-payment due to disputes regarding the quality or
timeliness of the goods or services provided.
Do we need to sign up for a long term commitment?
No, you are not obligating your business to a long term
commitment. Since we do not have any minimums per se or
require you to finance all your invoices. Utilizing our
services (or not) is totally up to you any time.
Are there any restrictions on the location of my customer?
No, we can service anyone, anywhere.
Are there any fees that I have to pay to open an account?
There are no up-front fees whatsoever to establish an account with Promotional Capital.
I'm ready to get started—what's the first step?
It's simple. Contact us at 1-866-718-0469 or complete our one-minute application. We will contact you immediately to discuss next steps.
