FORT LAUDERDALE, FL and CHICAGO, IL--(Marketwired - June 02, 2015) - Corporate Rescue, LLC, a nationwide leader in small business lending services, launches its "VendorPayAssist™ Partner Program," a No Fee collection solution that allows suppliers nationwide to reduce customer receivable balances through direct lending by Corporate Rescue to their customers.
Corporate Rescue specializes in facilitating quick turnaround, unsecured cash flow based loans to small and medium size businesses in need of working capital. Loans range from $15,000 to $500,000 with funding in as little as 48 hours and are available to businesses in virtually all industries, in all 50 states.
With the VendorPayAssist™ Partner Program, Corporate Rescue steps in and provides short term working capital based loans directly to the supplier's customer. Unlike traditional receivable financing, Corporate Rescue does not take possession or collect the receivable. Instead the customer utilizes the loan proceeds to directly pay down the supplier's balance, purchase more materials, and even expand their business. Corporate Rescue facilitates the entire process so that it is seamless and at no cost or fees to the supplier.
"VendorPayAssist™ is here to revolutionize the Supplier/Customer relationship," stated Corporate Rescue Partner and Program creator Rob Denton. "Suppliers now have a collection tool to reduce delinquent, slow pay, and even current receivables at full value with no fees to the Supplier," Denton further stated. "VendorPayAssist™ allows the supplier to be a vendor not a lender and enhances the customer/supplier relationship," concluded Denton.
Corporate Rescue (www.CorporateRescue.com) has offices in Deerfield Beach, FL and Chicago, IL and specializes in facilitating cash flow based loans to small and medium size US businesses in immediate need of working capital. Corporate Rescue also offers other lending products including asset based loans, cost recovery and mitigation services, as well as business performance and improvement analysis services.