Here are the most common questions we receive from interested prospects. By all means, if you don't see your answers here, simply Contact Us with your question, or call us direct at (877) 447-8530.
Why finance Accounts Receivable (“A/R”)?
What are some of the benefits of financing A/R?
How long will it take Sand Hill Finance to let me know if funding is possible?
Do I have to finance every account?
What if I have a customer concentration?
Do I need to be venture backed?
What geographic areas does Sand Hill Finance serve?
Do you require that we sign up for a long term contract?
I have a banking relationship in place. Do I have to change accounts?
We have a line of credit with a bank. Do I have to cancel this?
We are a technology company, selling software. Can you still help?
How can I monitor my account?
Do you have minimum fees each month?
How do I get started?
Why finance Accounts Receivable (“A/R”)?
Often, A/R is usually the largest tangible asset on a company’s balance sheet. Rather than waiting 30 or 60 days or more to be paid, it often makes sense to receive an advance against the accounts.
What are some of the benefits of financing A/R?
Many companies use our services to smooth out cash flow. Some use our services as a ‘bridge” to an equity round. Often, a company can delay an equity round by financing with us, often increasing the company’s valuation.
How long will it take Sand Hill Finance to let me know if funding is possible?
We pride ourselves on our quick turn around time. Once we receive the requested information about your company, we will get an answer to you within 1-2 business days.
Do I have to finance every account?
Not at all. We can work with you to determine what accounts can be financed. Once the relationship is set up, you can finance invoices on an “as needed” basis.
What if I have a customer concentration?
Many early stage companies have only one or two customers initially. In most cases, this does not present an issue.
Do I need to be venture backed?
Although many of our client’s are venture backed, we also work with angel backed and “bootstrapped” companies.
What geographic areas does Sand Hill Finance serve?
We maintain offices in California, Massachusetts, and Virginia but our client base is spread throughout the US.
Do you require that we sign up for a long term contract?
No. We feel that you should not be “forced” to finance with anyone. Therefore, we have no long term contracts, minimum interest costs or prepayment penalties.
I have a banking relationship in place. Do I have to change banks?
No, we do not require that you change accounts. We can transfer money to any bank account you choose.
We have a line of credit with a bank. Do I have to cancel this?
In most cases, we would need to replace your bank line since the bank would most likely have a lien on all of your corporate assets.
We are a technology company, selling software. Can you still help?
Can you finance software receivables? Absolutely. We specialize in financing emerging growth companies and work with a large number of software companies.
How can I monitor my account?
Sand Hill Finance provides 24/7, up to date access to all of your account information online in an easy to use interface.
Do you have minimum fees each month?
No, we do not. We encouraged you to finance receivables if and when you need money. And if you don’t then just know that we are here if you need us.
How do I get started?
Please give us a call at (877) 447-8530 or Contact Us!
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