There is a fast, flexible, cost-effective solution to cash flow & working capital problems
23 Ventures provides short-term cash flow assistance for businesses by purchasing your selected accounts receivable invoices.
Because interface offers our clients a use-it-as-you-need-it transaction each “invoice purchase” is a separate transaction and does not form part of a portfolio-lending approach
The 23 Ventures transaction is modeled on a “buy —sell transaction”
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- On being approached by a prospective client 23 undertakes a due diligence program that typically takes about 4-5 business days
- Once completed the client is at liberty to offer invoices to 23 for purchase
- On receipt of such invoices 23 checks the credit of the debtor named on the invoice and also that the sale represented by the invoice has been satisfactorily completed
- Once this is completed the debtor is advised of the purchase by 23 and the client is paid for the invoice
- At the end of the credit period the debtor makes payment directly to 23 thus completing the transaction
If the client chooses to offer further invoices to Interface the total transaction time is often reduced to just 48 hours.
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