Receivable Factoring
CRS offers small business fast loans, and operate on the principle of receivable factoring. This is a fairly simple procedure and is operated by CRS buying the Visa and MasterCard sales from your business’s sales or serviced rendered. CRS will slowly deduct scheduled payments from the Visa and MasterCard sales. By implementing the principle of receivable factoring into your business loans, there are no monthly billing statement, no invoices and no payment coupons for your business to review.

The receivable factoring operated by CRS, will ensure that the repayment for your small or medium business loan is effected automatically and therefore allowing the small business to operate without the added hassle of writing out checks or worrying about monthly bills. It is through this innovative method of granting small business loans that CRS differs from conventional financial institutions and is able to offer fast small business loans swiftly.

Due to the fact that CRS operates off the basis of receivable factoring and makes use of your Visa or MasterCard sales to obtain scheduled payments for your loan, CRS tends to be more flexible than regular or conventional financial institutions. At CRS we are not as rigid when it comes to granting fast small business loans. CRS has a greater flexibility when reviewing past credit experiences.

On your application for a fast small or medium business, CRS will take into account many factors which may have been negative results for your application at a conventional or traditional lending institution. CRS is not a lender and due to the fact that CRS works on the principle of buying future sales of your business which is often referred to as “future receivables” or receivable factoring. CRS will view past credit problems a lot less rigidly and with more flexibility than a conventional financing institution. At CRS will also take into the type of business you are operating, as well as the as the purpose for which the funds will be used and in some cases the credit history of the business or owners of the business.

When applying for a fast small business loan and working on the receivable factoring principle, a minimum set amount is $5,000 while the maximum amount is $200 000. The amount that CRS will fund your business is dependant upon the average monthly Visa and MasterCard sales for your business. The funding amount is determined largely by the strength as well as creditworthiness of your business. When your application has been approved, the principle of receivable factoring will come into play and CRS will calculate a daily payment amount required. CRS then determines the original purchase price, total amount to be purchased and estimated payment period, in order to calculate the amount of daily Visa and MasterCard sales to be deducted for repayment to CRS. Once your business if funded, these calculated deductions are done automatically from the daily Visa and MasterCard sales.

In order to quality for our receivable factoring principle and obtaining our loans offered to small business, a minimum amount of $3000 Visa or MasterCard sales per month are necessary. This required criteria, as well as proof that your business has been established for at least six month, however you may be eligible should you have the required previous experience.