In a standard program, no.  Some of our clients have elected to provide a payment guarantee for their customers who don’t qualify for financing using our standard underwriting practices.

That’s up to you. Some of our clients would then simply require the customer to use card, check or payment terms. Other clients have been willing to guarantee a portion of the transactions that we would not otherwise approve. We have also set up “pass through” programs with our clients where we will originate the pay over time agreement with the customer and simply bill, collect and pass those payments through to our client as received, and net of a modest processing fee.

Yes, but whether it’s a PO or an invoice, we will only enter into a pay over time arrangement with a customer when the customer is contractually bound by the transaction with you and you are contractually bound to deliver your product or service (or you have already rendered/delivered your product or service).

There are a number of variables that go into determining pricing like who your customers are, the size of the transactions we will finance, the type of transactions we are financing, and the basic characteristics of your company (e.g., how long have you been doing this). The rate paid by your customer can be reduced (subsidized) by you through a discount on the proceeds that we remit to you. Many of our clients use this approach.