About
House Account Funding (HAF) is an A/R finance factoring business run on custom built state of the art software. HAF batch purchases hundreds of invoices from small businesses. HAF has 2MM in outstanding receivables with its portfolio consisting of 15 companies primarily within the retail hardware and senior home care staffing industries. Many small businesses lack the working capital required to operate and expand their operations. HAF solves this problem by purchasing invoices from retailers weekly (providing money directly into their bank accounts) and then billing in the client’s name using the client’s logo. HAF remains anonymous allowing the end customer to grow their brand within their market. HAF has been cash flow positive since 2010. HAF is seeking an Angel Investor that can supply $150k to $250k to extend its bank line. This will allow HAF to grow and become P&L positive as a result. Once P&L positive, it will be easier for HAF to access cheaper capital.