Accounts Receivable Financing
Unlimited source of financing for your company's growth.
Accounts receivable financing, or Factoring, is the purchase of accounts receivable invoices at a discount. If you sell your products or services to businesses that pay in 30, 60, 90 days, or more, Eastern Cove Capital, LLC has a liquidity solution. We can finance companies that are startups, losing money, or in bankruptcy because accounts receivable financing is based on your customer's credit, not yours. This is not a "debt." You are selling an asset. But it is more than just an asset sale; it is like outsourcing your accounts receivable department. Factors provide valuable services. They check your customer's credit for you and notify you of bad risks, and they provide detailed monthly statements. Qualifying accounts even get free credit insurance.
Use The Money To...
Connect with us today, and one of our financial specialists will give you a no-cost analysis of what we can provide for your company.
Asset-Based Lines of Credit Tailored to Your Business
Unlock the potential of your business with Eastern Cove Capital's expertly structured and funded asset-based lines of credit. We bring a wealth of industry knowledge and expertise to the table, ensuring credit services that align seamlessly with your unique needs.
Collateralizing Your Assets for Growth
Our ability to collateralize accounts receivables, equipment, and inventory sets us apart. By leveraging these assets, we provide a revolving line of credit that empowers your business to thrive. Whether you're expanding operations, investing in new equipment, or managing seasonal fluctuations, Eastern Cove Capital has you covered.
Competitive Rates and Terms
Benefit from some of the most competitive rates and terms in the industry. We understand the importance of financial arrangements that work for your business, and we strive to provide favorable conditions that foster success.
Industries We Serve
While our Asset Based Lines of Credit are versatile, we have specific expertise in various industries, including but not limited to:
Ready to elevate your business to new heights? Explore our asset-based lines of credit and discover the Eastern Cove Capital advantage. Connect with us now.
Purchase Order and Trade Finance
We provide purchase order funding for the import and export or domestic production of pre-sold merchandise. Often, a company's greatest challenge is not sales or production but simply locating the financing to procure pre-sold merchandise.
Our areas of expertise include production finance for work in process and letters of credit for trade finance, including import and export transactions and domestic trade purchases. If you are a producer, distributor, wholesaler, or reseller of manufactured products, we can help you. Even if you are a startup, have poor cash flow, or have little access to capital, we can help.
