Receivables Advisor Program

Small and midsize businesses report need for alternative financing; New Receivables Advisors Program to locate Advisors in every state to extend reach of alternative small business financing

 
NEW ORLEANS, August 19, 2009 - As the credit crisis continues to pummel small and midsize businesses (SMBs), companies are placing a greater importance on identifying and diversifying their financing sources. The Receivables Exchange announced today that it has launched the Receivables Advisors Program (RAP), a nationwide program to establish Receivables Advisors in all 50 states to help small and midsize businesses increase their short-term financing options.
 
Receivables Advisors will work independently in each state to connect eligible Sellers to The Receivables Exchange to help them tap into the $20 billion of liquidity available on the Exchange’s centralized marketplace for receivables financing. As a part of the program, The Receivables Exchange will provide Receivables Advisors with a commission-based compensation structure and provide them with sales and marketing tools, product training, and customer support and technical assistance.

As recently reported by The Receivables Exchange’s second quarter 2009 Cash Flow Index, as large finance organizations become less reliable, small and mid-market businesses have begun to seek out alternative sources of financing. Over the past quarter, The Receivables Exchange has experienced growth of 300% in accounts receivable financing on the company’s receivables trading auction platform. At The Receivables Exchange, small and midsize businesses can sell their receivables on its online marketplace to a global network of major institutional investors. The Receivables Exchange provides a flexible, alternative source of small business financing.
 
 “Events in the financial services industry and the economy as a whole has served as a loud wake-up call for many small and midsize businesses to the importance of diversifying their funding options so that they are not reliant on a single source of working capital,” said Nic Perkin, co-founder and president of The Receivables Exchange. “The Receivables Advisor program was created to help even more companies to solve their short-term financing needs through our market-based solution that can provide a diversified source of liquidity at competitive rates.”
 
“Instead of the typical 50 days that most companies wait for their outstanding invoices to be paid, at The Receivables Exchange, companies can post their receivables one day and receive their funds the next business day,” added Mr. Perkin. “Suddenly, companies can increase their working capital in as little as 24 hours to quickly improve their cash liquidity."
 
For more information about the Receivables Advisor Program (RAP), log onto www.receivablesxchange.com/receivablesadvisors.
 
About The Receivables Exchange
The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. Changing the landscape of small business financing, The Receivables Exchange provides a new dimension in working capital management. The Exchange connects a global network of accredited institutional investors (Buyers) to the nation’s millions of small and mid-sized businesses (Sellers) in search of capital to grow. Buyers get direct access to an $18 trillion new investable asset; Sellers gain access to a new competitive working capital management solution by having their receivables bid on in real-time by multiple Buyers.