The prospective client completes an application and submits it to Allegiant with a copy of its accounts receivable aging schedule.
 

Allegiant gives preliminary approval and quotes terms subject to formal due diligence.

After the prospective client accepts the terms, Allegiant completes a formal credit review of client, client's customers and the principal's personal credit.

Assuming both Allegiant and the client wish to proceed, client executes and sends Allegiant a Purchase and Sales Agreement with an Assignment and Notification Letter.

Allegiant executes Purchase and Sale Agreement thus purchasing the accounts receivable and advances the client up to 90% of the value of the invoices.

Your customers are notified of the new payment address.

When Allegiant collects the payment of the invoices, the balance of the invoice, called the reserves, less the factoring fee is remitted back to the client.

Allegiant provides you with regular statements of activity on the accounts. Future invoices are purchased within 24 hours of Allegiant receiving the invoices from the client.

We have 24/7 online access to multiple credit resources and databases. We use these sources to assist with reviewing and establishing credit limits for your client base.

Your dedicated Account Executive will work with your Company by providing assistance with collection calls, invoice mailing and follow up, payment processing and credit monitoring.

With our 24/7 online access to your account with Allegiant Business Finance, you can go online and monitor your factored invoices and balances anytime you like. You can also set up online access for whomever you designate at your company. You will never be out of touch with your Accounts Receivable!

We can now accept Visa, MasterCard & Discover Credit Card Payments from your clients!