Chesapeake Bank Improves your Cash Flow

How the Cash Flow – Accounts Receivables Program Works…

When you invoice your customers, simply e-mail a copy of the invoice to Chesapeake Bank. The next day, you’ll have the cash in your checking account (minus a percentage held for you in a money market savings account to cover non-payment). It’s as simple as that.

Costs and Fees for the Cash Flow – Accounts Receivables Program

The fee is a small percentage of each invoice - usually less than it costs to accept a credit card for payment.

Your customer needs to pay you within 90 days (by mailing payments into a bank-controlled lock box). If the invoice is not paid within 90 days, it is simply charged back to your savings account while you continue your collection efforts. There are no additional costs.

Chesapeake Bank does not attempt to collect from your customers. We remain an “invisible partner” while you run your business on a cash basis. Use your cash to pay off lines of credit, catch up on accounts payables, and invest for further business growth. We’re certain you’ll agree with our other satisfied customers that the efficiency and profitability you gain from operating your business on an all-cash basis easily justifies the small fee involved.

Learn more about the cash flow financing program >>