Thermo Credit, LLC has a program that will allow a billing house the op- portunity to present an advance funding program to its clients. This is very similar to what LEC billers have been offering for years.

Why

Companies that bill customers directly typically wait 35-45 days on aver- age to collect their money. Unfortunately, their vendors generally are not willing to wait that long to get paid. The billing company has to be very cautious to avoid a cash shortage, which could short-circuit its op- erations or stymie its ability to increase sales.

		Benefit to you As a biller, your revenue is directly affected by your client's growth. The more revenue your client gen- erates, the more they use your ser- vices. Therefore, more sales for them means more revenue for you. But wait - it gets better: If your client is getting his cash faster, he can pay you faster.
How it works Your client sends the data to you for billing. You prepare the billing and mail it. Simultaneously, you send Thermo Credit a file detailing all the invoices. We advance an agreed upon amount to the client. As collec- tions come in, we retain the amount advanced and then remit the ex- cess to the client. That cycle repeats itself each week. Why Your Client Wants Advance Funding Advance funding, if done right, can be the least expensive money available to a company. In many instances, they should be able to obtain funds for the company without the hassles of keeping up with financial ratio require- ments, signing personal guarantees, or selling up equity in their company. These funds can be used to: Increase sales and marketing efforts Purchase needed equipment Hire quality personnel Create better credit terms by paying vendors quicker Help meet payroll and tax obligations Offer customers better credit terms