Application, Fees, and Funding Procedure

High Falls Funding is your financial partner. Once your company becomes a client you may contact us anytime thereafter, as needed, for financial resources, question, or advise.

Factoring Application

1.Client contacts High Falls Funding to apply for factoring on an invoice, or a group of invoices, and pays a $250 application fee. There client will also be charged for any credit reports on its customer.
Once invoice is favorably evaluated and documentation is completed, client receives the Advance Funds*.
When the invoice matures and funds are secured from the client’s customer, HFF sends the remaining Reserve Funds,** less fees and expenses, to the client. The transaction is then complete.
HFF provides the client with a complete statement of the account showing all invoices, payments received, fees, and pertinent information, and copies of all checks.

*When the invoice is verified, we send you what is known as the Advance. Most Advances are between 70% and 80%. We will mail it, Fed Ex it, deposit it or wire it to your bank account. You decide which is best for your needs. This transaction is ordinarily completed within 2 business days. There is no faster financial service available for business .

**We send you the remaining funds, known as the Reserve, as soon as your customer's check clears our bank, or on a prearranged schedule. At this point we take our discount (our fee), depending on the fee arrangement, you will have received the balance of your money, and the transaction is complete.

Purchase Order Financing Application

Contact us to arrange a review of your Purchase Order Financing needs and the specifics customers and suppliers. After we review your situation and your objectives, we will provide you with a custom tailored proposal and quotation.

Letter of Credit Application

Equipment Leasing Application

Client contacts High Falls Funding to inquire about leasing options and programs.
A leasing program that meets your needs is selected, a lease application is completed and returned to High Falls Funding by mail or fax along with the last 2 years of financial statements (prepared by a licensed CPA), and a copy of the equipment supplier quotation. In addition, we may require an interim financial statement for the current year, the last 2 years of tax returns, last 4 years of accountant prepared financial statements, personal financial statement of the company principals, and personal guarantee of the principals.
Once your application is approved, all necessary documentation is completed.
Lease is funded and you receive the equipment, machinery, or merchandise based on the terms agreed upon by all involved parties.

Save Time - Get Pre-approved. Don't wait until you need a lease to contact us. Depending on your company size, history, credit, and financials, equipment lease approvals can take a week or more in some cases, particularly in Canada. Contact us when you begin shopping for equipment that you intent to lease, and we can get you pre-approved for a lease up to a ceiling figure. That way, you can shop with confidence knowing that you can take delivery of the equipment quickly when you are ready to move forward. Showing a pre-approval letter to an equipment supplier can also help your negotiating position.

Consulting, Credit Analysis, and Custom Solutions

Contact us to arrange a business analysis consultation, and application. After we review your business and your objectives, we will provide you with a custom tailored proposal and quotation.

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