Covenant Billing Corp, 631 NE Fields Rd, Laceys Spring, AL 35754, US

Regions Interstate Billing Service is designed to buy 30-day commercial account receivable on a daily basis. The company is well established with more than 30 years of experience handling account receivable. It is a wholly owned subsidiary of Regions Financial Corporation. Regions is one of the strongest banks in the country, enabling the service company to handle very large accounts. It serves nearly 400 clients in more than 30 states. The company s nonrecourse program features daily funding for accounts receivable, credit investigations on new customers with no liability, monthly statements sent to customers, collection of delinquent accounts, possession of all credit loses after 120-day conversion period on existing customers and monthly reports on outstanding invoices. Its recourse program features advance funding, monthly statements sent to customers, 90-day collection effort, invoice buyback at 90 days, weekly reports on outstanding invoices and reserve refunds paid monthly. Regions Interstate Billing Service is headquartered in Decatur, Ala.

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