Factoring FAQ
Q: How much does it cost?
A: Our fees are determined by the amount financed, average
invoice size and collection time. All fees are clearly
stated in your agreement; there are no hidden charges.
Q: What types of receivables can be factored?
A: Just about any verifiable invoice for services rendered
or products delivered, due from a creditworthy company.
Q:
Do we bill on our letterhead or the factor’s letterhead?
A: You continue to bill your invoice on your company
letterhead, but the payments must be remitted to our
address.
Q:
Must I agree to finance a minimum volume of future receivables?
A: No. Finance as you need it. Stop when you wish and
continue as needed.
Q:
What will my customers think?
A: Factoring is used by many of the largest corporations
in the world. Many of our existing customers do business
with companies such as Exxon, Mobil, Wal-Mart, General
Motors and many Fortune 500 companies. Factoring is
a widely accepted method of business financing and has
never created a problem for any of our customers.
Q:
How long does it take to get approved for factoring?
A: Once all the information is received, decisions are
made quickly, eliminating long waits for loan committee
approval. The quicker we receive preliminary information
on your company, the quicker we can submit a proposal
for your consideration.
Are
you ready to to fill out our no obligation sign up form?
Click
here to start the process!
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Look
What
Factoring
Can Do!
-
Avoid
the loss of business to competitors who are better
financed
-
Spend
less time managing your receivables and more time
managing your business
-
Stabilize
cash flow
-
Offer
better credit terms to your customers
-
Take
advantage of purchase discounts
-
Improve
your company's credit status
-
Pay
off loans and other debts
-
Provide
detailed credit checking of prospective customers
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