Frequently Asked Questions(FAQ)

Your financing services questions, answered.

We welcome questions and are always happy to address them. In over a decade and a half of asking and answering questions, we have found that about 95% of inquiries are centered around the same prevailing questions and misconceptions—which is why we have addressed them below.

It is very likely that your questions or concerns will all be addressed in our questions and answers section. However, if after you have carefully reviewed the questions and answers you still have unanswered factoring questions, please feel free to reach out to us during our normal business hours from 8:30 a.m. to 5:00 p.m. Central Standard Time, Monday–Friday. Or, send us an email, fax, or letter any time.

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Please click on the specific area of your question to review the various responses. For definitions of terms, please see our glossary.

Please click on the specific area of your question to review the various responses. For definitions of terms, please see our glossary.

Factoring Questions

FAQs about Business Factoring

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What is factoring?

Factoring is the sale and purchase of accounts receivable at a discount. It’s a financing method used by businesses to generate capital.

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How does factoring work?

You set up an account with Factor to sell invoices for goods or services sold and delivered and you’ll receive immediate cash advance rather than wait on your customer to pay. When your customer makes a payment, they’ll send it to the factor (in this case, us). Factor will then deduct the initial advance you received and applicable fees, and rebate the balance to you.

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Will I continue to bill my customers as usual?

Yes. However, you must change the payment address to Factor’s. In some cases, Factor will send out invoices directly.

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How would a customer know to send or redirect payment to Factor?

Your customer will be sent an official but friendly notice of where to send the payment and your invoice will also include Factor Funding’s address.

Continue on for further factoring questions and answers.

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Will you contact all my customers?

No, only the customers whose invoices you factor will be contacted.

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Am I required to factor all my customer’s invoices?

No, you can pick and choose which customer’s invoice to factor, however, acceptance shall be governed by guidelines as established in the factoring agreement.

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What if I don’t want my customers to know that I am factoring?

That would require a non-notification factoring which is hardly available anymore. A non-notification factoring happens almost exclusively through major banks and subsidiaries, but often with much more stringent qualifying criteria and extra scrutiny—making such a request can even arouse questions about your client relations, you, and your organization.

But why wouldn’t you want them to know? Over recent decades, factoring has evolved to become a very fine financing strategy that is used by many astute managers in diverse industries—often in conjunction with or as a substitute for other financing methods. You might be surprised; your customer is already familiar and comfortable with the idea of factoring.

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Is there a required minimum or maximum factoring volume?

No, but the more the better—higher volume can translate to lower fees.

Continue on for further factoring questions and answers.

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What does factoring cost?

There are many factors—such as industry, volume, payment terms, etc.—that may influence the rates. Generally, rates are between 1% and 3% per 30 days.

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What amount or percentage of invoice will you advance?

Advances are between 70% and 95% of the face value of eligible invoices and are established at the time an account is opened. Established advances will, for the most part, depend on risk factors such as industry, terms of sales and delivery, volume, lien priority, time outstanding, client relations, and experience.

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When, how, and how often are advances paid?

The time and frequency of advances often depend on when and how frequently you submit invoices for funding, whether it is early or late, and how frequently you are paid (daily, weekly, bi-weekly, or monthly). Advances can be paid in any number of ways, but the typical way is by wire transfer. The other payment options are by automatic clearing house (ACH), teller deposit, check by mail, and payment on location.

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When will any balance amounts be released?

Typically, reserves (balances) are released twice a month on the 15th and 30th, but they can be released more frequently as needed.

Continue on for further factoring questions and answers.

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Will I be required to sign a long-term contract?

A long-term contract is not usually required. But, it may be necessary in order to be viable and induce Factor to underwrite your funding and extend more favorable rates and terms to you.

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How do I qualify for factoring?

You qualify if you are a legally registered business selling goods or services on terms to other credit-worthy and reputable businesses and you have full, unencumbered rights to receive payments from those reputable businesses.

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What if I have some credit issues, a prior bankruptcy, an existing loan, or line of credit?

One of the unique benefits of factoring is that eligibility is largely based on the credit-worthiness of your customers (the individual or organization who will be paying for the goods or services sold). There’s very little if any consideration at all on your credit. You may be eligible to factor even if you have some credit issues, an ongoing bankruptcy, loans, or other lines of credit.

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Do you work with small businesses and startups?

Yes, the majority of factoring clients are small businesses and startups.

Continue on for further factoring questions and answers.

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How long will it take to set up an account?

Depending on your situation, it may take anywhere from 1–10 days to set up an account. A typical account can be set up in as little as 3 days. Funding can start within 24–48 hours of setting up your account.

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How do I get started?

To get started, you can submit an application along with some basic support documents. If approved, final documents will be completed for funding.

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Is there an application fee?

Typically, there are no application fees. However, many factors do charge due diligence fees in order to investigate and qualify your accounts for funding after initial review and acceptance.

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What specific documents do you require?

The initial documents required to open an account typically include proof of business registration, photo identification of principals, customer lists, invoices, and copy of accounts receivable aging.

Continue on for further factoring questions and answers.

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Who does the collections, you or us?

Once you start factoring, Factor Funding will be responsible for doing all collections on funded invoices unless exceptions are made.

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Do you have any geographical restrictions, industries, or areas you won’t factor?

No—as long as you are located within the U.S., its territories, and Canada, there are no other geographic or territorial restrictions. We are also able to provide some international factoring.

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How can I keep track of invoices and payments?

You’ll receive regular reports. In most cases, you will have direct online access 24/7 to your reports using your very own unique access code. You can also request reports by fax, email, or phone.

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What if a customer doesn’t pay an invoice?

It depends on how your account is set up. An account will be set up in one of two ways: recourse or non-recourse. A recourse account requires a guarantee that you will either buy back unpaid invoices, swap it out, or deduct the amount from your reserve funds in full or progressively until paid in full. With a non-recourse account, the loss will be absorbed under certain conditions.

Continue on for further factoring questions and answers.

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Do I have to sign a personal guarantee?

Yes, some form of guarantee will be required to affirm your integrity, representations, and warranties; the validity of your statements and documents; and attest that you will perform as per the terms and conditions of the agreement and not commit fraud.

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What happens if I stop factoring?

To stop factoring, you should send notice of termination as per your agreement. After all accounts are paid in full and all obligations under the terms and conditions of the agreement have been satisfied, your remaining reserves and future receipts will be paid to you and a general release will be completed.

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I have heard very serious caution against factoring, why?

Perhaps it is because they do not have sufficient information. Or, they believe some of the misconceptions about factoring such as—it’s very expensive, like loan sharks, as it involves unscrupulous collection tactics and should not be used by small businesses except as a last resort to avoid liquidation. These are all false.

Factoring Questions

FAQs about Purchase Order Funding

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What is purchase order (PO) funding

Purchase order funding is short-term financing, payment, or payment assurance made to a supplier on behalf of a buyer to procure or produce and deliver goods that have been presold.

Continue on for further factoring questions and answers.

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How does PO Funding work?

If you have an order from a customer but lack the financial resources to fulfill it, you can request and receive advance funding on the order and repay with proceeds from the sale after completion or delivery.

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What do you charge for PO funding?

Every transaction is unique. Therefore, the real cost of PO funding will depend on the specific and associated terms and conditions of the PO. The average cost of purchase order funding is about 5% of funds used, not including ancillary costs.

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What is the minimum and maximum amount you will fund?

We will consider purchase order funding requests between $100K and $10 million.

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How will you fund by cash, check, credit, Letter of Credit, or other?

All of the above, depending on the situation. Our preference is by letter of credit (LC).

Continue on for further factoring questions and answers.

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Will you fund an entire project or only a portion?

We will fund 100% of the costs of goods, or up to 70% value of PO toward the production of goods only. We will not fund soft costs such as labor except in rare cases.

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Will you advance the funds to us to pay our suppliers?

No, funds or payment assurance will be issued directly to benefit your supplier.

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Will you pay multiple suppliers?

Yes, in situations where there are multiple suppliers involved, we will issue payments to different suppliers within reason.

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How do I qualify for PO funding?

Easy! First, see that you meet the minimum criteria. Next, your product needs to be presold—but not on consignment—with a reasonable profit margin. The PO must be from a legally registered, credit-worthy business and noncancelable. It is essential that the product can be resold in the marketplace in case of recovery and payment, assurance, or guarantees can be made directly to your supplier.

Continue on for further factoring questions and answers.

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What initial documents do you require?

A completed application, a copy of your purchase order, the agreement between buyer and seller (where applicable), an invoice to the buyer, a supplier’s invoice, accounts receivable aging and accounts payable reports, and business financials.

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Do you fund start-ups?

In many cases, yes.

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Is there an application fee?

No. There is no application fee.

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How long will it take to get funded?

A purchase order funding timeline will vary anywhere 1–90 days or more depending on any number of factors, such as if it is the first funding, types of goods, production capacity, quantities ordered, value, funding criteria, and terms and conditions of sales and delivery. The average timeline is 7–10 days.

Continue on for further factoring questions and answers.

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How long will I have to repay the loan?

Purchase order funding is provided as a discounted funding advance rather than as a loan. Since it is short-term financing provided to facilitate the fulfillment of orders, it is expected that it should be repaid immediately from the proceeds of the sale after delivery or thereabout. Therefore, the allowable time to repay purchase order advance will greatly depend on the terms and conditions of sales, production, delivery, and payment as accommodated by the lender. However, ideally, it will be paid in less than 45 days.

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Do you fund Purchase Orders in all industries?

Yes, provided it is for the purchase of finished goods for direct delivery to the buyer.

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Do you require a term commitment?

No. You can fund one or as many transactions as you like. Each transaction is deemed independent of the other unless otherwise indicated.

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Do I have to sign a personal guarantee?

Yes, some form of guarantee will be required to affirm your integrity, representations, and warranties; the validity of your statements and documents; and attest that you will perform as per the terms and conditions of the agreement and not commit fraud.

Continue on for further factoring questions and answers.

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What is the difference between P.O. and Invoice Funding?

Purchase order (PO) funding is made before goods or services are delivered to the buyer. Invoice funding is done after goods or services are delivered. They’re both short-term funding, but PO funding provides funds to facilitate the production, acquisition, and delivery of pre-sold goods while invoice funding provides expedited access to funds after delivery.

Factoring Questions

FAQs about Asset Based Loans

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What is an asset-based loan?

An asset-based loan is a loan that is secured by tangible and/or intangible assets—such as accounts receivable, inventory, equipment, real estate, and intellectual property. The loan is often a fractional value of the underlying asset. Ideally, the asset can be quickly and easily converted into cash if need be.

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What types of assets will you lend against?

We will consider funding against virtually all manners of business assets—including accounts receivable, inventory, rolling stock, machinery, and real estate.

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What is the minimum and maximum loan I can get?

We will consider funding requests between $10K and $10 million, or higher in certain situations where we will advance at 50% value of the underlying assets.

Continue on for further factoring questions and answers.

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Is there an application fee?

No. There is no application fee.

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What’s the interest rate?

Each transaction is different. The costs of funds are determined based on several factors—including amount, duration, and level of risk.

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How long will it take to be approved?

Generally, most requests are evaluated upon receipt and initial determination rendered within 24–48 hours, typically closing in 2–4 weeks.

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How long will I have to repay the loan?

It varies. Typical short-term requirement is a 90-day minimum and maximum of 3 years. In some situations, companies have up to 60 months to repay.

Continue on for further factoring questions and answers.

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Will approval be based on my personal credit?

While we will look at the principal’s credit, approval will largely be based on the value of the underlying asset—and often in spite of cash flow, financial condition, sales history, or other conventional lending criteria.

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How can I qualify?

To determine if you are eligible, please complete and submit our asset evaluation profile or call 866-245-0020. After review, a representative will contact you.

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Do you fund start-ups?

In many cases, yes.

Factoring Questions

FAQs about Equipment Finance and Lease Buyback

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What is a lease?

A lease is a written agreement for temporary use of property for a specified period with an agreed-upon payment.

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What types of equipment do you lease?

We lease almost all types of equipment, from office equipment to heavy machinery—both new and used.

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Do you require a down payment?

No down payment is required. However, to begin the lease, we require up to 2 months upfront payment applied toward your total lease payments.

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Is there an application fee?

No. There is no application fee.

Continue on for further factoring questions and answers.

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What are your various lease terms?

There are various monthly terms—12, 24, 36, 48, 60, 84, and in between.

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What is your interest rate?

The rate is determined based on credit history, cost of equipment, and duration of lease.

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Who will be responsible for equipment service and maintenance?

Service and maintenance responsibilities are usually the responsibility of the lessee and will be so stated in the lease agreement unless arranged otherwise. Insurance is also the responsibility of the lessee.

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What is the minimum and maximum amount I can lease?

We consider leases between the ranges of $10K and $10 million.

Continue on for further factoring questions and answers.

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What will you require from me to qualify for a lease?

In most cases, a completely filled out application is enough to receive an initial decision. After review and acceptance, additional support documents such as financial statements and tax returns may be required.

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How long do I have to be in business to qualify?

Ideally, you need to be in business for a minimum of 2 years. However, there can be exceptions.

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What if I have personal credit issues?

We look at several factors beyond credit—such as years in business—when reviewing an application.

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How long will it take to be approved for a lease?

Most lease applications are processed upon receipt and the initial decision is given within 24–48 hours.

Continue on for further factoring questions and answers.

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Can I prepay or pay it off early?

Yes, you can prepay at any time.

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Can I upgrade or add equipment?

Yes, the option to upgrade and/or add more equipment is available and may be negotiated.

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Must I lease the equipment from a designated vendor?

No. You can acquire the equipment from any vendor of your choice.

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What options do I have at the end of my lease?

There are basically three options that can be exercised at the end of a lease. 1) Return the equipment. 2) Purchase the equipment at fair market value (FMV) or a nominal fixed rate. 3) Renew the lease.

Continue on for further factoring questions and answers.

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What is a buyout?

A buyout is an option you can exercise at the end of your lease.

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Wouldn’t it be better to buy equipment outright than lease?

There are many advantages and benefits to leasing instead of purchasing outright. Which is best for you will depend on your individual situation. For an explanation of general benefits and advantages for a business to lease, go to the Equipment Financing page.

Factoring Questions

FAQs about Debt Collection

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What is debt collection?

Debt collection is the process by which outstanding or past due receivables are converted into cash.

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What will you charge to collect on my debts?

Rates vary, but the average is about one-third of gross collections.

Continue on for further factoring questions and answers.

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Is there an upfront fee?

Typically, there are NO upfront fees or costs. Payment is contingent on recovery, which means there is no payment unless collected.

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What if I don’t know where the debtor is?

It does not matter. Almost anyone can be located through skip tracing.

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Do you collect personal debts, business debts, or both?

We can collect both personal and business debts.

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Are there industries or individual accounts you will not collect from?

No.

Continue on for further factoring questions and answers.

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What is your minimum and maximum volume requirement?

There is a minimum of $100 and no maximum amount on any account placed for collections.

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Do you have geographic limits?

No—through our network of collectors we are able to provide services worldwide. We use locally licensed collectors, law firms, and/or attorneys.

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Will you collect on old debt?

Yes, provided the debt is within the statute of limitations and jurisdiction.

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What if the debtor refuses or is unable to pay?

We can track down assets and take necessary legal steps to attach, seize, or lien identified properties, seek judgment, and recover.

Continue on for further factoring questions and answers.

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Can you or will you file a lawsuit if the debtor refuses to pay?

Yes, if it is necessary. However, most accounts are resolved without litigation.

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Can I engage multiple collectors at the same time?

No. Once an account has been placed, we require you to allow collection to proceed singularly and without interference.

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Do I have to sign a contract with you?

Yes. We require an agreement to protect our mutual interests: yours, ours, and even the debtor’s.

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How long is your contract term?

There are various terms that depend on the types of accounts and individual needs—such as whether they are single or multiple debtors, month-to-month, 6 months, etc.

Continue on for further factoring questions and answers.

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How long will you collect on debts?

After placement for collections, we generally see results within 30 days. However, every account is different and many will take longer.

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When will I receive payment if you collect?

You will receive payments on collected accounts the month following collections.

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How do I use your services?

To get started, simply call us at 866-245-0020.

Factoring Questions

FAQs about Merchant Cash Advance

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What is a merchant cash advance?

A merchant cash advance (MCA) is a lump sum cash advance provided to a business based on projected charge and debit card sales. It is repaid through daily deductions of a fixed percentage of credit and debit card sales receipts.

Continue on for further factoring questions and answers.

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Are all businesses eligible for a merchant cash advance?

No. Only businesses that accept credit and debit card payments, have a minimum of $4K per month in credit card sales receipts, have been in business for at least 9 months, have 6 months of processing statements, can provide at least 1 month of bank statements, have a physical place of business (not virtual), and have landlord verification in good standing are eligible.

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What is the interest rate?

Merchant cash advances are not loans but an advance against a business asset. So, there isn’t a principle or interest charge. Instead, the cost of the advance is a set fee based on risk factors.

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How large of an advance can I get?

The amount you receive will depend on your total credit and debit card sales. You can get an advance worth up to 6 months of credit and debit card sales receipts.

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How long do I have to pay back the advance?

There is no fixed time limit to repay the advance because it is paid in daily deductions at a fixed percentage of credit and debit card sales receipts to accommodate fluctuations in sales. If business is good you pay more and if business is slow you pay less.

Continue on for further factoring questions and answers.

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Do you have use of fund restrictions?

Generally, no. How and what you use the funds for is entirely up to you provided it is reinvested in the business or interests.

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How quickly can I get the money?

It can be very fast from application through processing to funding, but it will vary from one client to another. It is generally between 1 and 7 days and longer in some cases.

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Can I prepay or pay it off early?

Absolutely! You can prepay at any time without penalty.

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Is there an application fee?

No. There is no application fee, upfront cost, or out-of-pocket expense.

Continue on for further factoring questions and answers.

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Will you check my personal credit?

Yes, simply to verify that there are no outstanding bankruptcies, prohibitive judgments, or encumbrances. Approval is largely based on the strength of your business rather than your credit score.

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Will I be required to switch payment processors?

In most cases, no. You will not need to switch payment processors if your current processor has a business loan option and is equipped to process cash advance repayment. If not, switching can be easily done at no additional cost to you—and very likely at the same rate or lower than what you’re currently paying.

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How do I qualify?

If you meet the minimum requirements above, call us at 866-245-0020.

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What is consumer receivable factoring?

It is the sale of consumer receivables (contracts or installment payments) by a business for an immediate lump sum cash advance.

Continue on for further factoring questions and answers.

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How does consumer receivable factoring work?

If you sell big-ticket items (goods or services) to individual consumers (not businesses) on finance or payment plans with interest, you can set up an account to receive an immediate lump sum payment on each sale even though your credit-approved buyer will still be given extended time to pay for their purchases.

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Do you have a minimum and maximum volume requirement?

The minimum is $500 and the maximum is $25,000. However, golf club memberships, vacation rentals, timeshares, and medical procedure accounts may be higher.

If your product or service costs more than the maximum per individual contract, an initial deposit or down payment may be required to bring the remaining balance to an acceptable range.

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Will you finance all credit types?

No, we only finance credit types A (excellent), B (good), and C (fair). You can put your D (bad) credit buyers into our servicing program. Call us at 866-245-0020 or see consumer receivable factoring for details.

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How much will you advance, discount, hold in reserve, and charge on each purchased account?

Advances, discounts, reserves, and rebates are established at the time that your account is set up based on the type of business and associated risks. It will vary for each category of your customer credit types: A (excellent), B (good), and C (fair). Please contact us at 866-245-0020 or complete and submit the consumer finance profile for a customized quote.

Continue on for further factoring questions and answers.

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What are your shortest and longest contract term lengths?

There are various term contracts available. The shortest is 4 months on the “Flex Pay Plan” and the longest is 72 months.

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Do you retain a reserve?

Yes, a small amount is held in reserve to offset defaults.

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When are reserve withholdings released?

Excess reserves will be released twice a year after initial hold.

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Will you work with me if I’m already working with other lenders?

Yes—as a secondary funding source, possibly to fund the “rejects,” or accounts your primary funding source does not want, so you can get more sales. However, we would like to be your primary lender.

Continue on for further factoring questions and answers.

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Do you support and online application and approval process?

Yes, we support 24/7 online application and instant decision while your customer is still in your store. If needed, a print application is also available.

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How long will it take to receive a decision on an application?

We provide an instant decision within 5–7 seconds for applications submitted online and no more than 48 hours after review with applications submitted by fax, email, or mail.

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How can I get started with you?

To become a client, please complete and submit the initial consumer receivables funding evaluation. After review, a representative will contact you to discuss available options and terms. If accepted, final documents will be completed to approve your account for funding. Clients who do not meet our criteria may be referred to other finance associates.

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What is the process and how long will it take to approve my account?

After your completed application and full package are received—including the list of support documents and satisfaction of criteria—and due diligence is complete, your application goes to the credit committee for approval. This process will take about 2–3 weeks.

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What is loan servicing?

Loan servicing is the method by which a firm collects and processes payments from debtors on behalf of other lenders or creditors.

Continue on for further factoring questions and answers.

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How does your loan servicing program work?

You set up a contract to collect on your customers’ outstanding receivables for a flat fee per account or an agreed percentage of collected payments based on credit types. Other ancillary services—such as letters, phone calls, delinquent notices, skip traces, 24/7 online account reports, and complete portfolio accounting—are included at no additional cost.

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Do you have a minimum servicing volume requirement?

Yes. We require at least $500 per month in servicing fees.

Factoring Questions

FAQs about Settlement Funding

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What is a lawsuit cash advance?

A lawsuit cash advance is non-recourse funding made to a plaintiff or potential litigant that will be repaid with proceeds from the case if it is resolved.

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What does non-recourse mean?

Non-recourse means that if the case never settles, is dismissed, or you lose, you won’t have to repay anything!

Continue on for further factoring questions and answers.

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What kinds of cases will you advance on?

Lawsuit cash advances can be made on virtually all types of cases involving provable personal injury caused by a thing, person, or organization as a result of negligence, malpractice, or defective equipment.

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How much of an advance can I receive on my case?

The amount you can receive will mostly depend on your needs and the probable value of your claim. Typically, advances will be limited to no more than 20% of the value up to $1 million.

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What is the interest rate?

Since a cash advance is not a loan, there is no principle or interest rate. The cost is calculated based on determined risks.

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Is there an application fee?

No. There is no application fee, upfront cost, or out-of-pocket expense to you.

Continue on for further factoring questions and answers.

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Do I need good credit to qualify?

No, you do not need good credit because lawsuit cash advances are based on the merit of your claim and not your credit report (unless there is a pending bankruptcy). Additionally, a lawsuit cash advance is not reported to the credit bureau and does not go on your credit.

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Do I have to be employed?

No, a job is not required.

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How long do I have to repay the loan?

It is a lawsuit cash advance and not a loan. The cash advance is made contingent on your case’s settlement. There is no repayment time limit, no matter how long it takes for your case to be resolved. You’re not required to make a payment schedule either (unless and until your case is resolved). The advance will be repaid from the proceeds of your case. If your case never goes to trial, settles, is dismissed, or you lose, then you won’t have to pay anything.

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Do you have use of funds restrictions?

No, what and how you use the cash is entirely up to you.

Continue on for further factoring questions and answers.

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How quickly can I get the money?

You can get the money in as little as 1–7 days. Depending on how fast the necessary documents are provided and processed, the application process to funding can happen very quickly.

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Will I be required to make monthly payments?

No—there will be no monthly payment schedule required. You’ll repay the advance from the proceeds of your claim if and only after your case is resolved—or never if it is not.

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What if I need additional funds later?

You may get additional funds if your case warrants it, based on the value of your case and provided it is below the estimated 20% maximum advance threshold.

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Will I still be eligible if I have had prior funding elsewhere?

Possibly, if the value of your case warrants it.

Continue on for further factoring questions and answers.

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Will you take over my case after I accept your funding?

No, we do not get involved or interfere in your case except as it relates to your lawsuit cash advance. All other matters in your case are completely up to you and your attorney or legal team.

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Will you give me legal advice?

No, we will not give you legal advice.

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What if my case never settles, goes to trial, is dismissed, or is lost?

You’ll pay absolutely nothing if your case never settles, goes to trial, is dismissed, or is lost. That means the cash advance is free because it was provided contingent on the potential settlement on your case but is not guaranteed.

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What if I do not have an attorney?

For your case to be considered, you must have professional legal representation.

Continue on for further factoring questions and answers.

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How do I apply?

To apply, simply complete and submit a lawsuit cash advance request and it will be promptly processed for funding.

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What is a structured settlement?

A structured settlement is a legally approved payment obligation that is spread out over time and created as a result of settlement from a lawsuit, other award, or claims.

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What is structured settlement funding?

It is a lump sum cash advance, or a portion thereof, given in lieu of regularly scheduled payments. In other words, instead of waiting to collect periodic payments, you can elect to receive a lump sum cash advance by selling portions of or all future payments at a discount.

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Is it legal to sell my settlement?

Yes, it is legal. Any recipient of a structured settlement may elect to sell their scheduled structured settlement payments at a discount and receive an immediate lump sum payment. However, it must be approved and authorized by a judge.

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How much can I receive?

How much you receive will depend on several factors, such as the total amount of your original settlement, the number of payments remaining, the date each payment is scheduled to be made, the interest rate, and the number of scheduled payments you would like to receive immediate cash against. There is a specific method that is used to estimate how much you can receive. Simply gives us a call or complete and submit a settlement funding request.

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Which documents do I need to apply?

Along with a settlement funding request, please provide copies of the following: your award (annuity contract), your settlement agreement, and your identification.

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How long will it take to receive approval and funds?

The timeline for approval and funding will vary depending on the requirements of your state of residence and when a judge can review your request. On average, it is about 30 days and sometimes longer.

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How do I apply?

To apply, call 866-245-0020 or simply complete and submit a settlement funding request.