Receivables Factoring

Bridge the gap between payables due to suppliers today and receivables that your customers won’t remit for 30 days or more. BusinessManager addresses your company’s daily needs and helps you meet your goals by providing cash for new invoices.

Why choose BusinessManager with First Pryority Bank?

Improve cash flow

With predictable cash flow, you can make payroll, remit payables on time, increase inventory, and pursue new business opportunities.

Offer financing options to your customers

Sharpen your competitive edge by offering flexible payment terms. You win and your customers win.

Improve collections

You can choose to use the bank’s presence on customer correspondence, reducing bad debt.

Save time and money

Take advantage of prompt payment discounts from suppliers and get back to doing business.

Manage your operations

Track receivables with detailed reports, reduce or eliminate debt, maintain a liquid working capital position, and prevail in seasonal fluctuations.

Disclaimer +

All loan products are subject to credit approval.

Explore BusinessManager

Here’s how BusinessManager goes to work for your business:

1

The bank purchases your accounts receivable at a discount, both initially and on an ongoing basis, as new receivables are generated.

2

Funds are deposited into your account, giving you the positive cash flow you need.

3

Using BusinessManager’s electronic commerce feature, you then exchange receivables information quickly and easily with your bank through a secure internet site.