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Advance Financial Corporation finances a multitude of companies throughout the Southeast with an array of needs and with many different financial positions. There are, however, certain characteristics that are consistent within our portfolio.
Profitable growth and quality accounts receivable are the key.
Our clients are typically young, growing companies with good ideas, good management, good products or services but lack the business track record for bank financing. Although there are exceptions to any general rule, the following characteristics are typical of an AFC client:
Age of Business: Not Critical (typical 3-7 years)
Size: Annual sales of $300,000 to $10,000,000
Clients line of business:
- Manufacturing
- Distributing
- Wholesaling
- Service Businesses with commercial accounts receivable
- Note we do not finance construction and medical receivables.
Working capital needs:
Typical customers business invoicing to:
- Industrial
- Commercial
- Retail
- Government
Selling Terms:
Cash needs are usually driven by healthy growth and the need to carry increasing inventories and receivables.
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