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-Payroll Funding -Factoring -Accounts Receivable Financing -Working Capital Solutions 1.877.ENRICH9 A Golden Evolution in Funding 30+ years experience.

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Presentation on theme: "-Payroll Funding -Factoring -Accounts Receivable Financing -Working Capital Solutions 1.877.ENRICH9 A Golden Evolution in Funding 30+ years experience."— Presentation transcript:

1 -Payroll Funding -Factoring -Accounts Receivable Financing -Working Capital Solutions ENRICH9 A Golden Evolution in Funding 30+ years experience servicing Business to Government One-stop, turnkey funding solutions Presented by Robert J. Mocerino, Senior Vice President Government Funding & Operations

2 Big or small, every government contractor is faced with a scenario that looms out in front of them each time they win a new contract. “Now that I have won the contract, can I financially handle the payroll expenses while I am waiting to get paid from the government ”

3 Traditional Lending Paths – Asset Based Lending or Line of Credit – Based upon your accounts receivable 75-90% advance rate Borrowing Base – Based upon your company’s creditworthiness – For a specific amount

4 Government Supported or Sponsored Loans – Sue Malone- Strategies for Small Business – SBA Presentation

5 Spotlight on Payroll Financing Provides you with the working capital you need to cover your payroll Financing Contract is relationship driven Designed to grow with you and empower you to compete Provides financial security behind you to bid on contracts you are or may have not yet pursued

6 Payroll is created based upon employee, payroll and billing data entered into leading industry software* Payroll is advanced at 100% & processed Up to 98 % Advance on Profit All payroll related tax payments and filings Accommodates all payroll/ billing cycles Invoices produced in your name and directing payments to a lockbox remittance address; Invoices are transmitted Advances on profit occur weekly Customers payments are applied daily * Avionte payroll/billing software or Procas for Government available Payroll is advanced at 100% by Prosperity Up to 90% advance on profit; Each funding request is supported by payroll and invoice register, approved time data and invoice copies 10% Holdback - Refunds as Invoice is paid You choose which invoices you want to submit for funding Invoices transmitted by you to customer with Prosperity's Lockbox remittance address Funding occurs same or next day; With proper documentation, " unbilled" and monthly scenarios can be accommodated Customers payments are applied daily Full Service Funding Only

7 Reporting Accounts Receivable Daily Cash Receipts Specialized Reporting _____________________ No Borrowing Base Once on board, ability to fund your customers invoices is based on customer creditworthiness Reporting Accounts Receivable Daily Cash Receipts Specialized Reporting _____________________ No Borrowing Base Once on board, ability to fund your customers invoices is based on customer creditworthiness Full Service Funding Only

8 Whatever road you choose to follow, allow yourself plenty of time for exploring options and determining the path best situated for your business

9 Contact Us Robert J. Mocerino Senior Vice Pres, Government Funding & Operations Prosperity Funding, Inc. North Carolina OfficeWashington DC Office 308-D West Millbrook Rd., Suite Pennsylvania Avenue, NW, Ste 1025 Raleigh, NC 27609Washington DC Direct: (516) (202) or Direct: Fax:


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