Frequently Asked Questions

• Projected dollar volume “going through” the program
• Turn of your historical and projected receivables
• Number of customers
• Average invoice size
• Financial profile of your company
• Your personal credit history

The reserve protects you in the event that bad debt may occur. Generally, the reserve rate is 10% to 20%. That means at any one time you will have 10% to 20% of the amount of outstanding invoices in reserve. We set the reserve rate by looking at several factors, including historical and projected turn of receivables, dilution rates (returns, disputes, etc.) and credit worthiness of your customers.

Each time activity occurs on your account (e.g. customer payments, invoice advances, credit memos or charge backs), reports are available online to keep you well informed of the status of your customers. You will also have online access to a current detailed invoice aging.

We wire funds directly to the account of your choice. This increases payment efficiency as well as convenience to you.

As a business owner, you are the best person to determine your cash flow needs. Far West Capital does not require you to sell all of your receivables to us — only what you need. We can help you determine the best strategy for your working capital finance needs.

Increased Profits – When you inject additional working capital into your business, you can eliminate cash flow problems and realize your true potential for growth.

Decreased Costs – By paying cash for supplies, you may be able to receive supplier discounts not previously available to you when cash flow was tight.

Reduce Credit Risk – Far West Capital will conduct diligent underwriting of your account debtors, which can help you identify potential losses before they happen.

Improved Business Management – With additional working capital, you will have more business flexibility (to increase your inventory, offer special terms to customers, pay off existing debt, capture new opportunities, etc.).

Our clients range from recent start-ups to well-established firms.

We are happy to work with any client whom we think we can help. We are looking for quality businesses that can improve their profitability through increased working capital. Most of our clients provide goods and services of some kind, and therefore have accounts receivable/invoicing programs in place. If you are not sure how our working capital financing services can benefit your business, please contact us.

We can provide you with working capital in a variety of ways. Essentially, all of our financing programs involve the purchase of accounts receivable/invoices. For a more detailed description, please visit our services page.