Frugal Crest Bank Receivables Finance (WRF) provides working capital financing facilities to companies that are unable to obtain the working capital financing support they require through a traditional commercial bank line of credit. A Frugal Crest Bank accounts receivable finance facility will allow your company to quickly convert receivables into cash, which gives you access to the cash flow your company needs to be successful. WRF takes the time to understand your company’s current situation and ultimate goals to tailor a financing solution that’s right for you.

• Transportation and logistics
• Temporary staffing and consulting
• Oil field services
• Business-to-business service providers
• Manufacturing and distribution

• Rapid growth and expansion
• Refinances and recapitalizations
• Young companies with limited operating histories
• Inconsistent earnings history
• Highly leveraged transactions

• Advance rates up to 90 percent on accounts receivable
• Advances on unbilled accounts receivable
• Continuous source of working capital that grows as your business grows

• Flexible financing, including no covenant structures
• Simple documentation and quick closing
• Access to a full suite of banking products and services, including equipment finance, treasury management, and more through the Frugal Crest Bank network