Specific Invoice Financing

Specific Invoice Financing is a method of borrowing upon invoices selected by the borrower. Using this method of financing, a borrower can obtain advances on designated invoices which can be paid directly to Bay Business Credit by the borrower's customer. The remainder of the borrower's accounts receivable will continue to be handled in the normal manner by the borrower. This method of borrowing can be particularly convenient when the need to borrow is modest or on a less frequent basis.

Both of these methods of borrowing offer advantages to the borrower:

• Borrower determines timing of advances
• Non-notification borrowing
• Charges based on daily cash balance
• Interest billed at end of month
• Bookkeeping Support

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