Non-Recourse Plan
Our Non-Recourse option can get you rates as low as 4.3%. With this selection, never worry about bills being charged-back to you. AmeriTrust assumes all the risk, as we own the receivable.
Rebates and Percentages as follows:
| 0 - $20,000... |
...6.8% (no rebate) |
| $20,001 - $40,000... |
...6.3% |
| $40,001 - $60,000... |
...5.8% |
| $60,001 - $80,000... |
...5.3% |
| $80,001 - $100,000... |
...4.8% |
| $100,000 + ... |
...4.3% |
Here are some examples:
Example 1
If you factored $30,000 with us last month:
$30,000 x 6.8% (base rate) = $2,040
$30,000 puts you in the 6.3% bracket. At the end of this month we recalculate the entire amount factored at the bracket rate you fall into:
$30,000 puts you in the 6.3% bracket
$30,000 x 6.3% = $1,890
Then we calculate your rebate by subtracting the 6.3% amount from the 6.8% amount.
$2,040 - $1,890 = $150
Therefore, $150! is your rebate amount you will receive at the end of this month.
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Example 2
If you factored $90,000 with us last month:
$90,000 x 6.8% (base rate) = $6,120
$90,000 puts you in the 4.8% bracket. At the end of this month we recalculate the entire amount factored at the bracket rate you fall into:
$90,000 puts you in the 4.8% bracket
$90,000 x 4.8% = $4,320
Then we calculate your rebate by subtracting the 4.8% amount from the 6.8% amount.
$6,120 - $4,320 = $1,800
Therefore, $1,800!! is your rebate amount you will receive at the end of this month.
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