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| Billing Service Information |
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| How It Works |
| Your customer invoices can either be faxed or electronically
transmitted. Upon receipt we will ACH or wire funds to the account of your choice. Billing Service will
mail monthly statements to your customer and execute collections for 90 days. After this time, any unpaid invoices
will be returned. |
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| How You're Funded |
| Invoices sent to Bank Independent Billing Service will be funded
at full value less a discount fee and reserve amount. The fee and reserve are determined by the amount and
collection time of receivables. Reserves are held to cover a portion of outstanding receivables. |
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| How To Get Started |
| It's easy! Just call or e-mail Jeff Kirkland
or Todd Woodruff and we'll make sure you have all forms and applications, plus the information you need to get
started with Bank Independent Billing Service right away. Our expertise and high level of service will help
you transition your billings quickly and smoothly in a way that both you and your customers will appreciate. |
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| JEFF KIRKLAND - jkirkland@bibank.com |
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| TODD WOODRUFF - twoodruff@bibank.com |
