Len Tanguay, Vice President
A/R Manager Department
Office: (562) 403-6965
Fax: (562) 402-7571
Email: businessmgr@gbbanker.com

Len has over 25 years commercial lending experience in the Southern California market. Len has specialized in this product for more than ten years.

The Accounts Receivable Manager Department provides a hybrid Line of Credit designed for rapidly growing companies, companies with sales opportunities that are unrealized due to cash flow shortages, under-capitalized companies, and companies that for whatever reason are financially “misunderstood” by conventional commercial lenders. The department provides cash by purchasing existing accounts receivable; thereby converting this "frozen" asset to cash immediately after the invoice is created. The unit maintains experienced in-house processors who are personally assigned to each account. The staff processors smoothly oversee all aspects of the account, and are empowered to make decisions quickly. The Program Director is skilled in all aspects of structure and program management, with a focus on your company's special needs.

Accounts Receivable Manager Credit Line Uses

• Finance receivables
• Predictably pay operating expenses
• Finance short-term project costs
• Manage cash flow

Accounts Receivable Manager Features & Benefits

• Converts your receivables collection process from its current waiting period (30, 45, 60 days) to ZERO days. In most cases funding is the same day as invoice creation
• Qualification is based primarily on product/service viability and debtor strength, not entirely on borrower financial status
• Non-notification of debtors insures privacy and eliminates potential negative customer perception
• Very low cost compared to similar invoice-buying programs offered by non-banks
• An excellent way to establish a solid banking relationship "with a future"
• Clients gain immediate access to bank senior management, veteran business bankers and consideration for additional types of lending products
• Product can be converted to a conventional line of credit or term loan as appropriate
• Immediate cash based on receivables, not solely company history
• 100% predictability of daily cash flow, allowing clients to make cash-based decisions quickly and confidently
• Allows clients to close sales and ship product, knowing cash will be deposited to the checking account in a few hours, not 45-60 days
• Converts the collection process from the present “life-and-death struggle” to a more manageable business activity
• Pricing flexibility: Fixed rate and variable programs available
• No annual contract, can be cancelled any time