Frequently Asked Questions About A/R Financing
Questions about who is eligible for an Accounts Receivable Funding Program
* What size clients does Stearns Financial Serve?
* Do you have any restrictions as to the location of a client?
* What about the location of the clients’ customers?
* Do I have to be an established business, operating a minimum number of years, to be approved?
* What types of businesses do you finance?
Q: What size clients does Stearns Financial Serve?
A: Stearns serves companies from $15,000 to $1 million in monthly sales.
Q: Do you have any restrictions as to the location of a client?
A: No. Stearns is a nationwide commercial finance company - we can serve clients in all 50 states.
Q: What about the location of the clients’ customers?
A: Stearns purchases credit-worthy invoices from anywhere in the US.
Q: Do I have to be an established business, operating a minimum number of years, to be approved?
A: No. Stearns prides itself on catering to the financing needs of small to medium size businesses that are recently founded. Even pure start-ups are not a problem in most cases, as long as there are commercial accounts receivable.
Q: What types of businesses do you finance?
A: Stearns serves a wide range of industries, including trucking, temporary personnel agencies, printing companies, manufacturers, wholesalers, and many service industries such as janitorial services. Most any business that sells a product on terms not exceeding 60 days can use our program.
