I'm looking for a loan, can you give me one? Do you process loans?
Unfortunately, we do not originate/process loans.  We are not licensed to do so.  However, we want to be able to assist our clients as much as possible.  Therefore, we have made connections with lenders who have licensed loan originators to help our clients meet their business goals.  Many times, a bank may turn a customer away because their business is too young (less than 2 years old), or the bank may feel the business does not have enough collateral to receive a loan.  The lenders we are associated with specialize in creative financing.  They will go the extra mile to work with their customers.  Just give us a call, and we'll be happy to refer you to the appropriate lender.

So, if you don't do loans, then what can you do for me?
We represent institutional investors who purchase assets for immediate cash.  Those assets can be a wide range of things: accounts receivable invoices, purchase orders, private mortgage notes, settlements, medical receivables, etc - the list goes on.  You can give us a call for more information.  Chances are we can help you.  Otherwise, we can refer you to someone/a company who can be of more assistance.

What is factoring?
Factoring is the purchase of your accounts receivable invoices for immediate cash.  Here's a scenario:

Jim owns a flag company.  He sells flags to different companies, such as Walmart.  Walmart orders $100,000 worth of flags and Jim gives them net 60 days to pay for the order.  This is obviously a large order for Jim, and he has other clients to service, and production can not stop.  Within days of completing the Walmart order, Jim has another order process for XYZ Company. Of course, it hasn't been 60 days yet so he hasn't been paid by Walmart, and he needs the money for supplies (dye, thread, cotton, for example) to process the new purchase order.  Jim turns to a funding source (like ours) to purchase his Walmart invoice.  The factoring company knows that Walmart is a reputable payor, and agrees to buy the invoice and to fund Jim at, say 80%, of the invoice - $80,000.  Now, Jim has the capital he needs to complete his order.  Walmart will remit the payment to the funding source.  Once payment is received, the remaining amount is submitted to Jim minus the funding source's fee.


How much does it cost?
In order us to quote you a price, we must be able to review your Aging Report (AR), your purchase order, the invoice(s), or a copy of whichever note you are trying to sell.  Pricing is based on several different factors.  In general, whom your payors are, the price on the note, your payment terms on your note, and in some cases, business history are taken into consideration.  All notes are reviewed on a case by case basis.  Therefore, it is very hard to quote a figure to our clients without first reviewing their situation.  You may fax a copy of your note to 954-437-6617.

So, let me give you a hypothetical figure, say my invoice is $10,000, how much does it cost?
Again, we can not quote you a price unless we review your paperwork.  There are several factors that need to be reviewed.  To give you a better example, you can not go to the bank and ask them how much an interest rate will be for yourself unless they review your information, such as run your credit.  Even the bank can't give you a general figure because it may not apply to your own situation/history.  We hope that helps.

So, how long does it take to get my money?
This is a very broad question.  It depends on the note, whether its accounts receivable, private mortgage note, a settlement..... different notes have different timelines.  It also depends on whether or not you have an account established with our funding source ahead of time.  Call us for the specifics.

What if I have bad credit?
Your approval for this program depends on the credit worthiness of your payors. There is due diligence performed on your business to determine that you are a legal "going concern". 

So, I've read your site, now how do I get started?  
The first step is to fill out an application.  We can e-mail one to you, or fax it to you - whichever is more convenient.  Once the application is complete, it will be reviewed by one of our four associates.  Based on the information received, it is our job to find the best funding source to match your cash flow needs.  We will then schedule a brief conference call with you and Five Star's funding source to determine mutual interest.  During this call you will be able to determine if this funding mechanism will help you achieve your business goals, and the funding source will be able to determine your eligibility. 

How do you get paid?
Well, we are consultants.  We are paid by our funding source(s).  You as a prospective client talking to us and asking us questions costs you nothing.  In short, the consultation is free. 

How do I get in contact with you?
You can e-mail us at info@5starsolutionsinc.com.  You can call us at 954-822-2379.  In both cases, if you leave a message, we will contact within 24-48 hours, many times, almost immediately.

Do you share my information to anyone?
We are not in business to sell your information.  When your application is completed, we reserve the right to have your information reviewed with our funding source.  In the process of reviewing your information with our funding source, the purpose is to get you the best price for your asset/note.  We understand that your information is private and should be kept confidential.