Inova Capital uses a system that allows the bank to view all information regarding their portfolio. Management personnel will have the ability to pull up a password protected dashboard which outlines crucial financial, statistical and potentially problematic information regarding every phase of the funding process. This real-time information can be used to immediately remedy any potential problems and thwart off trouble in the portfolio before it even has the opportunity to materialize.


Absolutely. The system Inova uses provides complete visibility throughout the entire life cycle of the invoices used to support the ABL line as well as invoices purchased on the TBF program.


No. Your information can be viewed online through a secure web interface. Your bank will be set up with secure user names and passwords enabling you to access/view online all information regarding every aspect of the process.


Any process relating to actual funding (such as the actual draw or advance) or the receiving of money (such as check receipts) would always remain in-house. Processes that do not touch the money can be performed by Inova Capital's Processing Center. For example, the bank would receive payments on invoices at their lockbox, but Inova would post the payments into the system through an electronic feed of the image received at the lockbox.


ICF is staffed with management personnel who regularly assist banks in setting up their own policies and procedures designed to plug into the system for portfolio safety and control.


Yes. Inova will act as a partner with the bank by processing and/or funding according to the needs and desires of our banks.


It would be up to the individual bank as to the credit requirements regarding their own clients— but proper weighting should be put on the credit of the entity who will be paying the invoices (the client's customers).


The main decision should come from the bank's internal credit policies. Typically, a bank client that has outgrown their borrowing base but has an excellent customer base is a good fit for TBF since no lending is occurring. The invoices are actually purchased by the bank. A bank client that has not totally outgrown their borrowing base but needs to free up company assets for equipment loans, etc., is potentially a good fit for an Asset-Based Lending Line secured primarily with receivables since this is a true lending scenario.


Safety. TBF is invoice-specific, not batch-based, which means there is complete visibility and control into the entire cycle of that invoice (invoice purchased » advanced » collected » posted).


Inova does all processing on the eRev system which has been FDIC approved for system safety and security. The system is state-of-the-art and features a SAS 70 security rating. All transactions are handled in a secure environment, are completely visible to the bank via password protection, and are completely auditable and traceable.


Once you make the decision to move forward, Inova will immediately begin to structure your program by meeting with you and setting up the policies, procedures and safety parameters you desire. After that, it is just a matter of you identifying which bank clients you want to put on one of these working capital products.


Yes. Inova will run credit on any of your client's customers or your potential client's customers. This credit information is a valuable analytical tool for you to decide which bank clients would be right for one of these working capital programs.


No. Inova's programs (ABL and TBF) allow your clients to simply select the dollar amount (ABL) or specific invoices (TBF) against which they would like to fund. Your client has complete freedom to only take the money needed with no charge for the remaining borrowing base or specific invoices they do not wish to draw/advance against.


Inova's Processing Center will process draws or advances on the same day they are requested. No lag time at all. Any draw or advance cut off times would be established by the individual bank.


You can choose to offer your client (based on their strength as well as the strength of their customers) either a recourse or non-recourse product. Both products require a first lien position on all accounts receivable. The recourse product also requires a personal guarantee.


The strength of Inova's ABL and TBF program is their attention to detail. For each check received, the bank client will be able to access online (from their own client site), on a real-time basis, an itemized report indicating the recovered draw/advance amount and the bank deducted fee. There are no hidden costs, and the client is charged only for draws taken or invoices they select to have funded.


The bank will have access to their own password protected data base regarding any information that is sensitive and pertinent to them (such as their yield).


That is entirely up to your individual bank and how you want to structure the costs of your program(s).


From their secure client interface, your clients can upload their invoices to Inova directly from their accounting package.


No problem. Inova provides training and on-going support and will walk your clients through each step. Additionally, if your customers are more comfortable, they can send or fax their invoices to Inova.


Inova is a bank partnership processing and funding company. If you would like to eventually process your own portfolio, Inova will assist you in getting set up with the software provider of the system Inova uses to process the portfolios. The software provider will train you on processing the portfolio and the transfer of data to your own system will be seamless.