Don’t let your company stall, keep it in the right gear with our factoring solutions.

We provide cash flow solutions so you can keep your revs up.

 

Keep the line moving, we’ll keep the cash flowing.

Summar empowers you to do more.

 

You keep up with fashion trends, we tailor your cash flow solutions.

Learn more about how invoice factoring can help you.

 

You handle the takeoff; we’ll help with the climb.

Explore how our factoring solutions guarantee a steady cruising altitude.

 

You put in the miles, we put in the cash.

Stay ahead with our factoring solutions.

 

If your crops are growing faster than your cash flow, it’s time for invoice factoring.

See what Summar can do to help.

 

You don’t have to dig for working capital. With invoice factoring it’s right there on the surface.

See what Summar can do for you.

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Your business. Empowered by Summar

At Summar, we have a partnership mentality that allows you to keep running your business exactly as you like, with the financial support every fast-growing company needs to stay ahead of the competition.

Freight Factoring

Our freight factoring program is tailor made for the trucking and logistics companies in need of faster payments so that they can continue to move more loads and grow faster without the need of their own capital. In this program we offer fuel advances, discounted gas fuel cards, same day payment for completed loads and more. Our team of professionals specialize in this industry to offer a fast and knowledgeable service just like the industry demands it.

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Invoice Factoring

Invoice factoring is a financial tool whereby a company sells its outstanding accounts receivable at a discount to accelerate its cash-flow. With this financial tool, companies who sell their products or services in a B2B environment (business to business) and offer their clients payment terms from 30 to 90 days, can obtain an immediate advance of up to 90% of their eligible accounts receivable. Selling your accounts receivable to a company like Summar is called factoring.

This service typically includes:
  • Credit analysis
  • Customer service
  • Funding
  • Collections
  • Credit insurance
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International Factoring

This program is designed for companies outside the US with sales all over the world. International factoring is particularly attractive for exporters and importers looking to alleviate overseas credit risk and streamline global receivables transactions.

This service typically includes:
  • Credit analysis
  • Customer service
  • Funding
  • Collections
  • Credit insurance
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Purchase Order Financing

This program is designed to finance clients who have purchase orders from creditworthy customers (debtors). When clients have a P.O. and insufficient cash to deliver the product or perform the service, Summar finances the operation by providing the necessary working capital to allow our client to perform on its P.O. Once the P.O. becomes an invoice, the transaction converts into Invoice Factoring.

Summar services this operation on a case by case basis depending on the following criteria:

  • History of client
  • Creditworthiness of the client’s customer
  • Profit margin percentage of the operation
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Supply Chain Financing

Supply chain finance (“SCF”), also known as reverse factoring, is a financial tool that optimizes cash flow by allowing businesses to stretch their payment terms to their suppliers while providing the option for their suppliers to get paid early. This process links all the parties in a transaction – the buyer, seller and Summar – to potentially lower financing costs and improves business efficiency.

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Accounts Receivable Management

Whether you decide or not to factor your receivables with us, our accounts receivable service can also be offered independently. Don’t hesitate to contact us and give that desired spin-off to your business.

This service is provided to better assist clients in the collections process of their accounts receivable.

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Credit Analysis

This service is offered to our clients to determine the creditworthiness of their customers. The objective of credit analysis is to verify an entity’s ability to meet its obligations as per their purchase terms. Our credit department will verify all the available information from your customer (analysis of financial statements, credit reports, business references, payment habits or history, etc.) to establish its financial strength and assign a credit limit.

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Fuel Card Program

Our clients can register for our discount fuel card program with substantial savings on gas prices. There are no set up fees. Our fuel card is accepted at over 19,000 locations nationwide, and we have negotiated discounts at more than 1,500 truck stops across the country. The participating discount network includes TA, Pilot, Petro, Love’s Flying J and many others. Our Discount Fuel Card has a dedicated 24/7 customer service team as well as online account management.

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