FAQ
The following questions and answers will provide you with an understanding of the Magnolia Cash Flow Program, what it is, how it works, and how your company can begin this funding process to enhance your working capital and cash flow. Contact Magnolia Financial in confidence today to see how we can assist you.
What is the Magnolia Cash Flow Program?
The Magnolia Cash Flow Program is a comprehensive Accounts Receivable Financing and Management Service that provides growing companies with the working capital they need to support that growth.
What kinds of businesses does Magnolia Financial, Inc. serve?
We provide capital to manufacturing, service, staffing, distribution, wholesale, communication, pharmaceutical, printing, telecommunication and transportation companies, as well as others, on a national basis.
Does my business qualify?
Almost every business can qualify. Our guidelines are very simple: if you have Accounts Receivable, due to a sale in a business to business transaction, you may qualify. Any size invoice can be funded, provided the service you offer, or the product you sell has been completed and delivered.
Don't I have to be in business for 3 years or more, like the Bank said?
No, Magnolia Financial, Inc. has very successfully funded many startup businesses. We fund from start ups to more than $2 Million a month in sales for clients nationwide.
Are there any minimum volume requirements?
There are no monthly, quarterly or annual minimum volume requirements. This allows you maximum flexibility and ensures you only pay for the funding you actually use.
How long does it take to get funded?
Not as long as you might think. Normally, it takes about three business days to receive the first funding. Please remember that there is a verification process that we perform, so the quicker we complete this step, the quicker the funding. After the initial funding, we normally fund on a next business day basis. Funds are either direct deposited or wire transferred to a bank account designated by you.
How do I get information on my account?
We provide state of the art, secure 24/7 online access to all our clients, at no charge. We strongly believe that this anytime access is a valuable tool to ensure our clients have a clear understanding of their funding relationship with us.
What does the process cost?
All of our partnerships are priced on an individual basis. Magnolia offers its customers a fixed, graduated, or daily per diem fee. This is more equitable fee structure for you. We try to structure our A/R credit facility to best suit your needs.
How are fees calculated?
As a general rule, we advance 80% of your outstanding Accounts Receivable, with the balance [less the discount fee] paid at collection. There are no hidden expenses. There are no additional fees for credit reporting, wire transactions, telephone calls, etc.
How long is my contract for? Is there a penalty if I no longer need financing?
Our Agreements have no term limits. There are no "exit" penalties or early termination damage clauses as part of our Agreements.
Is Magnolia Financial, Inc. a "broker"?
Magnolia Financial, Inc. is NOT a broker. A broker is a "middleman" who represents multiple funding sources, and is paid a fee for doing so. There are many excellent brokers that exist in the market place. However, we fund utilizing our own resources and capital. We believe that our tailor made approach to each clients individual needs is why we have succeeded in the competitive financial services industry.
Can you supply me with references on Magnolia Financial, Inc.?
Absolutely. We would be very happy to provide you not only satisfied client references, but also bank, legal, funding and C.P.A. references for your use in the due diligence process. We encourage you to undertake and complete a thorough due diligence process on our firm.
How can I receive more information on the professional funding services provided by Magnolia Financial, Inc.?
We would welcome your visit to our offices at any time. We can also meet you at your office, plant or facility at your convenience. We can be reached via email at info@magfinancial.com; Telephone at (866) 573-0611, or via fax is (864) 573-9912.