Steve Tarpley and Ken Wilkens have started a number of successful small businesses going back to the late 1980s. They founded NEWCAL Industries in 1991 and grew it into one of the top ten office equipment dealers in the nation; NEWCAL was recently acquired by one of the world's largest office equipment manufacturers.
Steve and Ken understand small business - they are intimately familiar with both the joys and the challenges of building and managing a successful business. There were many stages along their path to success that required creative ways to fund growth. Financing their commercial invoices was one of the tools they utilized while building their businesses; it helped them hit some of their major milestones.
Steve and Ken formed Lenders Commercial Finance to help other small and emerging businesses fund expansion and growth. Cal McGinnis was brought on board to run their day-to-day operations. Cal has over 30 years of experience working with small business owners; both as a commercial lender and as a trade credit specialist.
You too can take advantage of these important tools to unlock the working capital tied up in your open purchase orders and accounts receivable. Invoice financing from LCF works much like an accounts receivable line of credit; collections pay down your line and new invoices allow you to draw upon your line. Purchase order funding can be added to increase your flexibility. Our goals are to help you obtain the working capital you need, when you need it.
Unlike commercial bank financing, our focus is on:
•the strength of your business model,
•the experience and integrity of the business owners, and
•the quality of the cash flow these generate.
Unlike traditional accounts receivable factoring, LCF offers:
•Flexible structuring to match your specific requirements.
•Pricing based on the amount you borrow, charged at convenient daily rates.
•No hidden charges and no exit fees.
Full Cycle Working Capital Financing
No application or setup fees.
No early termination fees.
No hidden fees of any kind.
Start when you'd like; stop when you are ready.
Give us a call, e-mail us, or submit an online application to get started.