FAQ
for Factoring
How quickly can I receive funding?
We usually complete funding within 48 hours.
Can I be selective in the invoices
I sell?
Yes - You can be selective. We do not expect to buy 100% of your
receivables.
Can I sell just one invoice?
Yes - we have no minimum sales volume requirements. You use the
service only as you need it. Similarly, there are no maximum limits
either.
How much can you advance against
invoice?
We can advance up to 90% against invoices you are selling.
How much will it cost?
Our professional fees are competitive. Each client's circumstances
will vary and may have an impact on the fees with our short, no-obligation
application, and we will quickly provide a definite answer. Our
discount will range between 2-6% of the invoice amount.
Do I have to be an established
business, operating a minimum number of years, to be approved?
No. We are happy to work with small to medium-size businesses that
do not have long track records. We will even work with start-ups
so long as they have commercial accounts receivable.
Does it matter where we're located?
No. We are a nationwide accounts receivable financing invoice factoring
company-we have provided working capital to businesses in all 50
states.
How do you set your fees?
Our fee structure is based on a combination of criteria: " anticipated
monthly invoice factoring volume " customer creditworthiness " number
of factored customers " number of invoices sent to customers " average
invoice amount " accounts receivable turnover (average paying time)
How long do I have to commit to
factoring my invoices?
No long-term commitments are required.
Will you approve all of my customers
for factoring?
During the application process, we ask you to supply us with your
customer list, complete with names and addresses. We perform credit
approvals and establish credit limits on each one of your customers.
By providing this valuable accounts receivable management service
for your company, we will save you time and help you avoid slow
paying or non-creditworthy customers.
Who collects from my customer?
We assume this responsibility. Our courteous and professional staff
is the best in the business, with an unparalleled commitment to
maintaining excellent relationships with our clients' customers.
What is the difference between
recourse and non-recourse invoice factoring?
When an invoice is factored on a non-recourse basis, the factor
takes the credit risk of the customer, thereby protecting the client
from credit loss. When an invoice is factored with recourse, it
means that the client is ultimately responsible for payment if the
customer does not pay.
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