Most asked questions

A. Simply select the "Contact Us" link to the left or at the bottom of the contact information. If you cannot reach us directly by phone, your call will be returned within 24 hours. No calls will be returned after 8:00 PM, Eastern Time.

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Q. Do I have to sell the entire note?

A. NO. Our funding sources can purchase all or just part of the note to allow us to tailor the purchase to meet your specific monetary needs.

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Q. Will I be held accountable for the note after it is sold?

A. In most cases, the answer to this question is NO. When a note is sold typically the funding source assumes all collection responsibilities.

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Q. What kinds of notes can be sold?

A. Cash Resources Unlimited can facilitate the sale of notes, on income streams grouped into six different catagories:

Business Based: Accounts receivable, Aerospace leases, Bankruptcy Chapter 11 reorganization plans, Bankruptcy receivables, Commercial contracts, Commercial deficiency portfolios, Commercial leases, Construction receivables, Equipment leases, Equipment timeshare (or "fractional ownership interests"), International Receivables, Letter of credit, Medical Receivables, Purchase orders, Sports contracts, Trade acceptance drafts, Vendor carryback paper, and Warehouse inventory lines.

Collateral Based: Aerospace notes, Automobile notes, Business notes, Collectible notes, Equipment notes, Homeowner/condominum assessments, Marine notes, Mobile home notes, Private mortgage notes, RV, Motor home, and business vehicle notes, Tax lien certificates and tax deeds.

Consumer Based: Cemetary pre-need contracts, Health and country club memberships, Consumer contracts, Trust advances, Inheritances, Retail installment agreements, Student loans, and Timeshare and vacation club memberships.

Contingency Based: Commercial judgments, Commissions, Consumer judgments, Corporate charitable contributions, Franchise fees, License fees, Royalty payments (including mineral rights fees), and sales revenue.

Government Based: Farm contracts and Conservation Reserve Payments, Lottery winnings, and Tax refunds.

Insurance Based: Annunities, Casino winnings, Corporate retirement plans, Funeral purchase assignments, Prizes and awards, Structured settlements and Class action awards, and Viatical settlements.

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Although Cash Resources Unlimited specializes in selling special kinds of income streams, we are certified and authorized to sell all of the above.

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Q. Is there a minimum or maximum dollar amount of a note that can be sold?

A. Typically, the answer to NO. Individual investors and funding sources have their set guidelines they have to follow, but only a few of them have set minimum and maximum dollar requirements. The answer to this question will vary depending on the type of income stream involved.

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Q. Can you work with individuals who have "less than perfect" credit?

A. YES. Our funding sources specialize in supplying money where traditional lending institutions will not. They are very flexible in each individual situation.

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Q. How soon will I get my money?

A. The answer to this question will depend on a number of factors. It can take a couple of days to 2 weeks or more depending on the income stream and how quickly the due dillengence process can be performed. If all the information that a funding source needs to complete the transaction is readily available, and appraisals and such can be done in a timely manor the money will be provided very quickly.

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Accounts Receivable Financing/Factoring:

Q. Do I need accounts receivable financing?

A. YES...if you are a new business. YES...if you can't obtain traditional funding and you need operating capital. YES...if your company is growth-oriented. YES...if you want an end to your cash flow problems.

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Q. How do I qualify?

A. Your acceptance is based on the creditworthiness of your customers, not yours. Your customers must be another business. Your invoices must be valid for goods sold and delivered or services rendered (to your customer's satisfaction).

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Q. How does factoring differ from bank financing?

A. There are a number of favorable differences:

Factoring is based only on the accounts receivable. A client's ability to raise cash by factoring is based on the total accounts receivable, rather than on traditional measures of financial strength and stability.

Factoring provides continuing cash flow without the required period for payments or interim payoffs. New sales continously create new power to obtain cash, and the business does not have to deal with renewal of loans and worry about maturity dates.

Factoring gives a business increased access to cash as sales and receivables increase. The more sales a business makes, the more cash it can draw. There is no ceiling beyond which the factor must stop providing cash. The more sales a business makes, the more cash it can draw. The factor does not concentrate on the business's debt/equity ratio to provide funds as banks do.

Factoring offers a dependable, continuing source of cash without the necessity of making separate loan applications.

Factoring saves the business owner precious time waiting for a loan board to grant or deny his or her loan. Loan boards decisions are influenced by many considerations, and outcome is often unpredictable. With factoring delays and negotiations are eliminated, allowing the business owner time to do what he or she does best -- run the business.

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Q. Do factors offer any other service?

A. YES. Factors often offer help with accounts receivable administration. It is the client's choice to maintain control of accounts receivable or hand it over to the factor to maintain. Often the factor can do a better job than the company's in-house personnel and is a comparable cost.

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