Trusted Leaders, Experienced Professionals
HOME

OVERVIEW FOR BUSINESSES

ACCNTS RECEIVABLE FUNDING

GOVT CONTRACT AWARDS

CONSTRUCTION COMPANIES

BAD DEBT

STRUCTURED/LEGAL SETTLEMT

AUTOMOBILE NOTES

OWNER-FINANCED NOTES

REASONS TO SELL

COMMON QUESTIONS/ANSWERS

ABOUT US

CONTACT

MISSION STATEMENT

These questions deal only with Notes and Accounts Receivable Financing. There are countless other cash flow solutions, especially for businesses, and there isn't room to address them all here. Please don't hesitate to contact us if you have a question.



1.
Notes Q & A 
Why would I want to sell my note? 
There are several reasons. For example:

  • Pay off debts that have higher interest rate
  • Settle estates or divorces
  • Pay for tuition, vacations, new car, new home
  • Invest in a business, stocks, or real estate
  • Leverage your assets
  • Tired of collecting small payments and want to enjoy the cash now
  • For whatever you'd like

How long will it take to receive my money? 
The whole process is very simple and straight forward and once all the necessary documents have been examined, prepared, signed and are in place, the transaction is concluded. This usually takes between two - three weeks, sometimes, even faster. On the day of closing, the funding source, through the title company, will provide your lump-sum payment directly to you, per your instructions to them.

What is my note worth? 
The value of your note is dependant on a number of factors including: type and location of property, condition of the improvements, how the note is structured, credit of the payor, interest rate, balance remaining, and many more. There are no standards. Call us for a free quote and analysis.

Will selling my note affect the person paying me? 
No, all terms and conditions set forth in the original note remain the same. The only change will be to whom and where future payments are sent.

Will I need to attend the closing? 
Not necessarily. We can close the transaction by sending you a closing package along with easy to follow instructions.

Can I sell just a portion of my note? 
Yes, this is called a partial purchase. If you need a smaller amount of cash we can buy only some of the payments you are receiving.

What is required for a quote? 
Basic information that is easily obtained from the original closing documents and note.

Can I see a sample sale of a note?
Sure. click here. Remember, though, there is a lot of criteria considered and all notes vary.

How do I get started? 
We're just a phone call or e-mail away!! 
 Contact RushMore Resources now.


2. Accounts Receivable Q & A


Do you buy our accounts receivable? 
Yes. We are not a lender, we make an outright purchase of your invoice(s)--but you choose which ones and how long.

How do you collect? 
We will collect directly from your customer.

What will my customer's reaction be when I sell my receivable? 
Your customer will recognize that you are growing rapidly and need capital to maintain the quality of your product and services. Selling your receivables is similar to a line of credit and a respected business practice.

What are your requirements for buying an invoice? 
The work or service that is being invoiced must be completed, delivered, and accepted. And your customer must be creditworthy.

What is required of me? 
A simple, streamlined application, the most recent Accounts Receivable Aging report, proof of the Articles of Incorporation (name page), any registered DBA, a copy of contracts with customers or P.O. (if any), and copy of a current invoice.

What if I already have existing credit lines or SBA loans? 
This presents no problems. In fact, by augmenting your cash flow you may qualify for even larger credit lines.

What if I am just starting and have no credit? 
As long as you customer is creditworthy, there is no problem.

What will it cost me? 
There is a small percentage fee based on your customer's creditworthiness and the length of time it takes for him to complete payment. Please contact us for a quote.

What types of receivables do you buy and do you require all of them? 
We buy just about any valid receivable for a service already performed or product already delivered to another business or governmental entity. We also purchase medical receivables. Also, you can sell just the receivables you desire; you are in charge and determine which and when.

What is the smallest invoice you will accept? 
We prefer invoices of at least $10,000. However, if yours are smaller, contact us because we can probably help.

What is the largest invoice you will accept? 
There really is no upper limit. We have access to literally billions of dollars.

Do I have to sell future receivables to you? 
No. You can sell a single invoice and never sell another. Or you can sell as many as you would like for as long as you want to continue using our services. In fact, you can sell one or more now, stop using us, and then come back at a later time; your account will remain established with us.

Do you have geographical restrictions? 
We will purchase invoices for any business or governmental entity in the US. However, we can make special arrangements for international receivables. In fact, we will also purchase consumer retail installment agreements.

Is selling my receivables good for my business? 
Yes. This has been an established practice for hundreds of years. We can help your business GROW without incurring any debt.

Can I see a sample sale of invoices?
Sure! Click here. Realize, though, this is only an example and all situations vary. So do the figures.

How can I get started?
 
We're just a phone call or e-mail away!! Contact RushMore Resources now.