Frequently Asked Questions
What type of business is best fit for Tavalor?
Our flexible financing solution can be a lifesaver for your business. Whether it is used to smooth an uneven cash flow cycle, or to purchase and expand your business, the Tavalor Flexline is perfect for you. In order to fully take advantage of this option it is important that your business has a diverse set of assets including but not limited to:
- Accounts Receivable (primarily due in less than 90 days)
- Raw Material
- Machinery and Equipment
- Real Estate
How does the Tavalor Platform work?
The Tavalor Platform is designed to make the process of taking out a Flexline as easy as possible while also offering support through the term of the financing.
For our Borrowers:
- Our digital application will do away with the cumbersome paper application by allowing for digital signatures and document uploading.
- The Tavalor Platform will give you a real-time look into your account. You will be able to see your outstanding balance, pay amounts due, review terms of your facility, and request more funding.
- Payments from your customers will be paid directly into a third-party lockbox without them being notified. These payments will be automatically processed and be reflected in your line of credit details
How much funding do I qualify for?
To determine the maximum borrowing base that reflects your business, Tavalor will analyze the value of the assets that are being pledged for collateral. Asset type, age, and resell value will determine the total amount advanced to you. Additionally, Tavalor will analyze your company's fundamentals and provided financials to offer you a transparent and fair Flexline.
What are the costs of a Tavalor Flexline?
Tavalor's offering is cheaper than other alternative lenders' offering unsecured loan products. The Flexline will charge an origination fee at the time of creation to initiate the product, and then an interest rate ONLY on dollars drawn from your account.
Tavalor DOES NOT charge an annual product fee or monthly line of credit fee like some of our competitors
Who does the underwriting and monitoring?
Tavalor will internally underwrite and service all loans originated from our platform. Real-time monitoring will be done automatically and allow for increased transparency into the status of your financing solution.