Fast cash advance

Chesapeake Bank has made available its Cash Flow program, which provides next-day cash advances to a client for a portion of a carrier’s accounts receivable invoice for a fixed fee

Chesapeake Bank has made available its Cash Flow program, which provides next-day cash advances to a client for a portion of a carrier’s accounts receivable invoice for a fixed fee.

Cash Flow, said Chesapeake Bank, provides next-day funding for accounts receivable enabling immediate and steady cash flow along with financial flexible for clients.

A portion would be held in a savings account to cover non-payment with no additional non-payment fees for 90 days. As invoices come in, checks would be payable to the carrier and mailed to the bank’s P.O. Box.

For more information, go to www.chesbank-cashflow.com.

TAGS: Operations
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