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      Commission Express of NJ

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      Financial Services, Business Brokers, Real Estate Agents

      672 Us Highway 202/206, Bridgewater, NJ 08807

      908-393-5204

      CLOSED NOW: 
      Today: 9:00 am - 6:00 pm
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      DETAILS
      General Info
      Purpose: To Manage Cash Flow and Maximize financial opportunities Concept: Purchase Accounts Receivalbe as a Factor...not a lender (no interest) No Credit Check, Background Checks only Methodology: Receivables = Advance + Holdback + Discount Discount: 8% for 30 days, 10% for 60 days, 11% for 90 days, (note; adjust to your pricing schedule) Holdbacks: Usually 10% Advance: __% for 30 days, __% for 60 days, __% for 90 days, (note; adjust to your pricing schedule) Receivable: The agents share of commission (whole or partial commission) Process: A) Documents needed, Application, Certification, Notice of Assignment, MLS Printout B) Procedure: Fax above documents to Commission Express @908-393-5206 C) Underwriting: Package is reviewed and approved, suspended or rejected D) Approval: Complete Account Receivable, Sale and Assignment Agreement and get commission advance. Note; on initial transaction complete Master Repurchase and Security Agreement and UCCI.
      Extra Phones

      Fax: 908-393-5206

      Hours
      Regular Hours
      Mon - Fri:
      Categories
      Financial Services, Business Brokers, Real Estate Agents, Real Estate Buyer Brokers, Real Estate Management
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