Value Prop Preso

www.houseaccountfunding.com • 877-423-4239 • Fax 866-414-6183

The Industry’s Source for Accounts Receivable Financing & Management

http://www.houseaccountfunding.com/

Did You Know?

• On average, independent hardware stores have between 5% - 7% of their total assets tied up in Account Receivables.*

• For home centers, lumberyards, and stores that rely heavily on house accounts, those percentages are much greater.*

• On average, the collection period for home improvement retailers is 45 days… * That’s a MONTH AND A HALF WITHOUT THE CASH YOU NEED!!!

*Source: North American Retail Hardware Association, 2009

The Solution: Receive Cash for Your Account Receivables

Using…

When Do Your Customers Pay?

Time of purchases

Jan. 1 Apr. 1Jan. 31

You send out statements to

your customers who

buy on account

Some customers

pay on time

Others pay more slowly

Apr. 30

And some require more attention &reminders

before paying

Feb. 28

Payment Due

Mar. 20

For Your GOOD Customers Who Pay In Full and On Time…

Time of purchases



your customers who

buy on account

Some customers

pay on time


Apr. 30


before paying

Feb. 28

Payment Due

Mar. 20

It May Still Take You Nearly 60 Days To Receive Payment

Time of purchases



your customers who

buy on account

Some customers

pay on time


Apr. 30


before paying

Feb. 28

Payment Due

Mar. 20

For Customers Who Pay Late…

Time of purchases



your customers who

buy on account

Some customers

pay on time


Apr. 30


before paying

Feb. 28

Payment Due

Mar. 20

It Can Take Much Longer To Collect:61, 75, 90, Even 120 Days

Time of purchases



your customers who

buy on account

Some customers

pay on time


Apr. 30


before paying

Feb. 28

Payment Due

Mar. 20

Your Business Pays Expenses Before Your Customers Pay You

Time of purchases



your customers who

buy on account

Some customers

pay on time


Apr. 30


before paying

Feb. 28

Payment Due

Mar. 20

Payroll, Inventory, Rent, Loans, Equipment, etc.

As a Result -- Your Working CapitalIs Reduced

• Now it’s harder to grow your business• You may be NOT be able to buy inventory at discount• You may spend less time in front of your customers

and more time in the back office• You may be financially penalized for late payment to

your suppliers


• House Account Funding Provides:– Immediate cash to retail businesses to solve working

capital constraints. – A back office billing service that helps organize and

streamline operations, allowing the independent retailer to focus on customers, purchase at a discount by restocking smartly and cost effectively.

• In a nutshell, HAF helps you grow your business (while you stay in control of your accounts).

• You want proof? Just ask our customers!



“For Us, It’s All About Maintaining Cash Flow.”

“The set-up was easy, they just need some basic financial information. It went very smoothly. We do a large volume and are profitable, but we were hurting in the cash flow side of things. Working with HAF has allowed us to keep the cash flow coming in, even when customers are slow paying. For us, it’s all about maintaining cash flow. House Account Funding has been very helpful.”—Robert Baquet, Owner/manager, Chadron Home Center, Chadron, Neb.

Here’s What Independent Retailers Are Saying About Us



“It Helps Us Keep Up With Expenses.”

“It has helped with our cash flow, which has helped us keep up with expenses, especially when the economy is so bad. When people are taking 90 days to pay it puts a strain on our cash flow. If you are in a business where you have customers that are slow paying and you need to keep your cash flow up, then it is a great thing to do. —David Bardusch, President, Taylor Rental, Webster, N.Y.




“HAF Simplifies the Billing Process for Me.”

“HAF simplifies the billing process for me. I don’t spend time printing, sorting and stuffing envelopes. Payments, late charges and mailings are all handled by House Account Funding (HAF). All I have to do is send a file of my invoices to HAF’s website once a week.” —John Calley, Owner, City Hardware, Syracuse, N.Y.




“Because HAF Bills in Our Name – Using Our Logo, We Continue to Grow Our Brand with Our Customers.”

“Working with HAF has allowed us to keep the cash flow coming in, even when customers are slow paying. HAF simplified our back office billing, invoicing and AR processes, saving us hours every week.” And, because HAF bills in our name using our logo, we continue to grow our brand with our customers.”—Neal Pinnow, Controller, Northwest Farm & Home Supply, Lemmon, SD




• We Pay You Now for Your Account Receivables (AR)• You Turn Your AR Billing Over to Us• We Bill Customers in YOUR NAME, with YOUR LOGO• You Receive Secure, 24 x 7, Online Access to Your Account • We Provide the User-Friendly Back Office Management System• You Save Time & Money, and You can View, Print and Download

Information at Any Time• We Automate with your POS System to Receive Invoices• You Get Paid Right Away!

Here’s How Our Program Works:


Access to Reports, Statements, Invoices and Payments

www.houseaccountfunding.com • 2 Sylvan Way, Parsippany, NJ 07054 • 877-423-4239 • Fax 866-414-6183

To download a brochure, visit: www.houseaccountfunding.com/contactus To obtain a free quote, receive an application, or for more information, please contact:

John RefoSVP Business Development [email protected]

The Industry’s Source for Accounts Receivable Financing & Management

Marvin BloomFounding [email protected]


http://www.houseaccountfunding.com/contactus

mailto:[email protected]

mailto:[email protected]

Documents

Value Prop Preso