Accounts Receivable Financing (Business Manager)
Get next day cash for accounts receivable invoices
How does Business Manager Work?
We purchase your accounts receivable at a discount, and then deposit most of these funds directly into your operating account. A cash reserve account will also be established as a percentage of your invoices that are outstanding. Each month, the bank reviews the status of invoice payments, and then releases a portion of those funds to your operating account.
Why Use Business Manager?
Improve the amount and predictability of your cash flow...and reduce stress from “slow paying” customers
Take advantage of supplier discounts
Provide more competitive credit terms to your customers
Leverage your cash and reduce your balance sheet debt
Who should use Business Manager?
Business to business companies such as:
Contact a Business Banker at 320-257-1600 to learn how Business Manager
may benefit your growing business