More on factoring
More informarion of invoice factoring and accounts receivable financing
1 (800) 317-4933
What is factoring? Factoring is the purchase of your accounts receivables, many companies need to grant credit to their customers to remain competitive but at the same time they need capital to operate but waiting 30 to 90 days to get paid by their customers can have significant cash flow restraints
With factoring or selling your invoices to a factoring company you can receive, depending on the factoring company, anywhere from 80% to 97% advance on the value of the invoices within a few hours after you sell the invoice or invoices to the factor, and this is an ongoing monthly process which provides the company a constant flow of capital based on recurring billings and new sales.
Below are some of the advantages of our invoice factoring and receivables financing programs.
- Hassle-free application to the funding process
- No more waiting 30 to 90 days to get paid by your customers
- You can offer credit to your customers (Grow your business)
- Non-recourse factoring (we assume the risk for non-payment by any customer we are factoring for you)
- Protection from bad debt with our non-resource option
- Invoice factoring in the millions for your company's continued growth (availability as you grow)
- Facilities tailored to fit the funding requirements of our client
- Up to 95% advances (Staffing)
- Up to 97% advances (trucking)
- Up to 95% advances (freight brokers)
- Up to 95% advances (other industries)
- Very competitive and attractive rates
- Flexible terms
- Complete access to your account via our secured online portal
- Perform free credit checks on new customers 24/7
- Invoicing and collection services included
- For trucking and transportation, fuel card for savings at the pump and added convenience
- Free load board to help truckers have full loads on each trip
- Funding for well-seasoned companies and startups
- Plus other benefits
For more information about our invoice factoring, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.
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