Going, Going....Gone Fishin'!

For years Pam Rodden, COO of American Receivable Corporation has longed for the wide open Texas lakes and the promise of "Big Bass". Her dream came true this past week as she was named runner up amature in the Ladies Bass Anglers Associaton, Sam Rayburn tournament.

Glorious weather Thursday made for perfect fishing conditions and for the start of the tournment. Pam, paired with a seasoned professional caught her limit and weighed in an inpressive 7.69 lbs of bass beauties. Friday, day two of the tournament again brought perfect conditions and a new angler professional as Pam's fishing partner. The lake and the participants proved no match for Pam. Hooking 10.08 lbs, Pam sealed her spot in tournament history. Great job Pam!!

Congratulations to Pam and all the other Ladies Bass Angler Association participants. Everyone's a winner in our book!!!

To read more about Pam and see pictures and other highlights go to: http://www.ladybassanglers.com/

Testing, 1-2-3

Most of us take our automobiles for granted. They get us from point A to point B with, hopefully, little or no trouble. We never stop to think about all the various parts that make up our autos. One struggling company in the south does.

If it’s on a car or truck it has the potential to break at some point in time. Our client, Bob, runs an automotive testing service. He knows just about each and every model of the vehicles on the road today and tests them one at a time for the various manufacturers. From tires to light bulbs, Bob’s seen and done it all.

(Because of the private nature of our industry and work, we are not using our client’s real name to protect him)

Bob had a huge opportunity to work with one of the U.S.'s largest automotive manufacturers. But because he was still too new of a company for a traditional bank loan, he was unable to secure the financing to engage this large client and grow his business.

American Receivable was able to step in once Bob was awarded the contract and not only provided them the factoring they needed, but helped him establish a solid payment history with his vendors by making timely payments. With our help, Bob was able to expand his testing service to several areas of the U.S. and has become one of the “go to” companies for most of the new and aftermarket automotive equipment manufacturers.

So, the next time you get in you car or truck, look closely and know that Bob has done his job.

For more information, contact American Receivable at 972-404-4726.
The American Receivable Team

www.americanreceivable.com



(Because of the private nature of our industry and work, we are not using our client’s real name to protect him)

Financing the Friendly Skies

When it comes to airplanes and air travel, most of us are still amazed at how something so huge could so gracefully navigate the skies. We take it for granted that these metal objects operate properly on command.

One American Receivable client knows otherwise.

Roger has serviced planes and plane engines for over 30 years. He knows first hand just how critical proper maintenance and repair of this equipment can be. Roger had been factoring his accounts receivable with American Receivable for a couple of years when he had the opportunity to expand his service with one of his largest customers to their overseas location. Not wanting to miss the opportunity Roger called American Receivable to see what could be done.

(Because of the private nature of our industry and work, we are not using our client’s real name to protect him)

American Receivable reviewed his contracts and gave Roger the green light to head overseas. They were able to structure their program with Roger in a way that would give him the cash for expenses he need to get started and to later provide him with the factoring with which he was accustomed.

Thanks to the partnership between finance professionals and airplane maintenance professionals, you can feel safe knowing the friendly skies are a little safer thanks to Roger--and American Receivable.

The American Receivable Team

Factoring Q&A

We recently sat down with our president, Jack Stieber. Jack is the President of our 32-year-old company and a veteran of financing options is a credit-tight world.

Q&A: What is factoring?
Jack: Factoring is the process by which a company and a third-party use receivables (unpaid invoices) as a leveragable source of income.

Q&A: Is this a legal practice?
Jack: Yes, it is and a legal and regulated source of legitimate cash flow for a company.

Q&A: How do I get the process started?
Jack: You seek the counsel of a reputable receivables firm like American Receivables.

Q&A: How soon can I get my money?
Jack: In as few as three days.

Q&A: Do I have to undergo any underwriting or any of the processes that banks put me through?
Jack: Yes, but it is a bit different—receivables companies actually investigate your customers to see if they are credit worthy.

Q&A: What about investigating me?
Jack: Yes, to some degree. We are going to do a character reference on you to see if you measure up as a potential customer first before we start the process on your customers.

We hope these few ideas get you starting to think about how you can finance your business. For more information, please give Jack or our team a call at 800-297-6652 or visit our website, www.americanreceivable.com.

The American Receivable Team