GET STARTEDRequest Funding

It can be fairly easy, straightforward, and fast to receive funding in as little as 1-5 days on average, generally in four simple steps:

  • Pre-Qualify (Questions and Answers)
  • Submit Application with Support
  • Get Approved
  • Receive Funds

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Factoring might be a little overwhelming when you’re just getting started. You may not be so familiar with the process or able to understand what several factoring terms mean. Lucky for you, we’ve compiled answers to the top questions you may have about factoring before you get started.

 

Of course, if you still need any further explanation beyond the answers below, contact us using the Get Started Form or give us a call at 866.245.0020—we’ll answer any additional questions you may have and get specific on how our process applies to you and your business situation. For now, begin your journey into the world of factoring here. Let’s get started!

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How Does Your Program Work?

It’s simple. We’ll set up your account to factor invoice(s) owed to you by your customer(s) for goods or services you have sold and delivered to them. Instead of waiting on your customer(s) to pay, you’ll submit the invoice(s) to receive advance funds.

For those invoices, you’ll receive immediate cash advance between 70% – 90% of the invoice amount (face value) after they have been verified, approved, and accepted by your customer(s), and the balance 10% – 30% which is called the “reserve” shall be given to you, minus a discount also called “the fee” after the invoice is paid to the Factor by your customer.

By working with us, you will always have fast access to capital without creating debt and reduce or eliminate the need to take out a loan. It will allow you to focus on operating and growing your business efficiently and effectively and be able to provide exceptional goods or services your customers expect. Not having to hound your customers for payment will give them incentive to do more and continuing business with you. And, by providing access to capital, the Factor generates revenue. Therefore, everybody wins—it’s a win-win-win!

Some of Our Key Features and Benefits Include:

BenefitsIcons 01 Small and medium-sized business friendly
BenefitsIcons 02 Simple Application
BenefitsIcons 03 Up to 90% advance
BenefitsIcons 04 Highly competitive rates
BenefitsIcons 05 No hidden or complicated fee structure
BenefitsIcons 06 No upfront fees
BenefitsIcons 07 Fast turnaround
BenefitsIcons 08 Experienced and dedicated Account Managers
BenefitsIcons 09 And much more!

How Much Does It Cost?

There are many factors that will affect the cost—such as industry, volume, and payment terms—that may influence the rates, but it is generally between 1 percent and 5 percent per thirty days. Of course, we customize this for each of our clients. It’s important to keep in mind that 1 to 5 percent are general pricing, for your reference, before we connect.

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Will This Work for Me/My Industry?

Invoice factoring works for virtually any business that sells goods or services to other businesses including government agencies on credit or payment terms and not on cash and carry basis, especially if the business is growing or wants to receive payments on time or early. There are so many reasons why businesses do factoring such as experiencing temporary cash flow squeeze, growing pains, seasonal fluctuations, high leverage, have insufficient or inadequate capitalization or line of credit, going through an acquisition, do not want to take on debts, etc.

We serve many different industries, from service providers to importers and exporters, wholesalers, distributors and manufacturers, and from startups to already established companies. Please take a look at our shortlist of industries—odds are you will find yours there too! If not, we still encourage you to reach out so we can see how we may be able to help. We have seen various types of companies throughout our many years of service.

Do I Qualify?

You qualify for our invoice factoring if you have a legally registered small to medium-size business and if any of the following applies to you/your business:

  • Sell goods or services on credit or payment terms to other creditworthy businesses or government agencies.
  • Has or will have unencumbered rights to receive payments from invoices for the legal sale of goods or services.
  • Sales are final and not conditioned on consignment return if the end buyer is unable to resell it.

Another unique benefit of our service is that your eligibility is largely based on the creditworthiness of your customers. In other words, there’s actually very little—if any—consideration on your credit. You are eligible for factoring even if you have some credit issues, such as ongoing bankruptcy, loans, or other lines of credit. Essentially, you can qualify if you have full and unencumbered rights to receive payments and are a legally registered business selling goods or services to other reputable businesses. It’s that easy!

How Long Will It Take?

Depending on your individual situation, it should take anywhere from one to ten days to set up your account. A typical account can be set up in as little as one to three days, with funding coming in within 24–48 hours from that point on each time you request funding. We often hear from our current clients about how quick and convenient the process truly is, and we take pride in it.

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How Do I Get Started?

Try one of the following options:

  • PDF Form
  • Fill Out The On-line Form To Request A Call
A helpful representative will be in touch with you soon. Our knowledgeable and friendly experts have years of experience in making sure businesses get what they need to succeed. We care about each of our clients as if their business is our own.

 

You can also call us directly at 866.245.0020 for a fast response and zero-commitment chat about your goals.