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Invoice Factoring
Our Invoice Factoring provides funding via the purchase of one or more invoices at a discount. This product reduces the strain created by waiting on payments from your customers.
HOW DOES IT WORK?
Bienville underwrites your business to establish a facility. This process can take as little as 72 hours.
Upon the facility being approved and documented, you submit invoices for funding.
Bienville validates the invoices and funds up to 95% of the face value of the invoices.
Once Bienville receives payment from your customer, the unadvanced amount (net of any fees) is sent back to you.
OUR OFFERINGS
Facility Size: $100K to $5MM
Advance Rate: 80% to 95% of Eligible Invoices
Pricing: As Low as 1% Per Month
Flexibility: You Choose Which Eligible Invoices to Fund
Eligible Invoices:
- Net Terms of 120 or less
- Invoices w/ Creditworthy, US Companies for Completed Services / Delivered Goods
Receivables Line of Credit
Our Receivables Line of Credit is a borrowing base facility that provides availability based on all or substantially all of your accounts receivable. This allows for flexible funding which gives you the control to choose how much of your availability to draw on based on your needs.
HOW DOES IT WORK?
Bienville underwrites your business to establish a facility. This process can take as little as 72 hours.
Upon the facility being approved and documented, you submit all or substantially all of your accounts receivable to create the initial borrowing base.
Bienville validates a portion of the submitted receivables and then provides availability up to 95% of eligible accounts receivable.
You can then draw on that availability as needed.
Payments from your customers are applied to the outstanding balance (net of any fees).
As you bill new invoices, you submit these to Bienville thus adding to the eligible accounts receivable and the resulting availability.
OUR OFFERINGS
Facility Size: $250K to $5MM
Advance Rate: 80% to 95% of Eligible Accounts Receivable
Pricing: As Low as 12% Per Annum
Flexibility: You Submit All or Substantially All of Your Accounts Receivable But Only Draw What You Need
Eligible A/R:
- Net Terms of 120 or less
- Invoices w/ Creditworthy, US Companies for Completed Services / Delivered Goods
Asset Based Line of Credit
Our Asset Based Line of Credit (“ABL”) is a borrowing base facility that allows you to leverage your inventory and equipment in conjunction with financing your accounts receivable. Our ABL facility allows you to maximize your availability across multiple asset classes. The trade-off is that these facilities do require the client to be rated low risk and require increased due diligence which could include field exams and/or asset appraisals.
HOW DOES IT WORK?
Bienville underwrites your business to establish a facility. This process can take several weeks due to the need to complete a field exam and/or asset appraisal.
Upon the facility being approved and documented, you submit a completed borrowing base certificate with current accounts receivable aging, inventory reporting (as applicable), and equipment reporting (as applicable).
Bienville validates a portion of the submitted receivables and then provides availability based on agreed-upon advance rates on accounts receivable, inventory, and equipment.
You can then draw on that availability as needed.
Payments from your customers are applied to the outstanding balance (net of any fees).
On the agreed-upon cadence, an updated borrowing-based certificate with supporting reporting is provided to refresh the availability.
OUR OFFERINGS
Facility Size: $500K to $5MM
Advance Rate:
- 80% to 95% of Eligible Accounts Receivable
- Up to 70% of Net Orderly Liquidation Value (“NOLV”) of Eligible Inventory
- Up to 70% of Forced Liquidation Value (“FLV”) of Eligible Equipment
Pricing: As Low as 1% Per Month
Flexibility: You Draw on Availability as Needed
Eligible Invoices:
- Net Terms of 120 or less
- Invoices w/ Creditworthy, US Companies for Completed Services / Delivered Goods
Eligible Inventory: Marketable Raw Materials and Finished Goods Inventory with Medium to Long Shelf Life Located in the US
Eligible Equipment: Stable Valued, Marketable Equipment Located in the US
Tailored Solutions
Though our core products may not be a solution for every business, we pride ourselves on being solution-oriented. Contact us to see if we can tailor a solution to meet your business’s needs.
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