What is factoring? How long before I can receive funding? Do I need to sell or factor all of my invoices? How will I know the status of my factored invoices? Is factoring a recent financing option? How does factoring differ from bank financing? Why would a business sell its accounts receivable? Which companies benefit the most from factoring their invoices? Who makes a good factoring client? How will our customers be treated by the factoring company? What is the major benefit of factoring? What does factoring cost? Is factoring a type of loan? What type of invoices can my business factor? How much cash will I receive from factoring? Does it matter if my company has a bankruptcy, bad credit, poor financials, or other derogatory information? What can I do with the additional cash flow I obtain from factoring my accounts receivable? Will my customers think that my business is experiencing financial difficulty when they learn that I'm using a factor? What does factoring mean to my customers? I have customers all over the United States. Are there any restrictions? What types of businesses do you factor? What size businesses can be financed? Who will be responsible for collections from my account debtors?

What is factoring? Factoring is the purchase of your accounts receivable (invoices) in order to provide you with the cash flow you need. Factoring is a widely accepted financing option used by companies of all size. Go to Top

How long before I can receive funding? Typically within 24 hours of receiving your company's information, our factor will issue you a proposal. Upon acceptance, they conclude their due diligence and complete documentation. Funding can happen as early as within a few days of initial contact with your company. Ongoing, it is common to fund within 24 hours of your invoice submission to the factoring company. Go to Top

Do I need to sell or factor all of my invoices? No. Depending on the amount of additional cash flow you require, you decide which invoices to factor from your company. This service allows you flexibility while providing your company with the cash flow it needs to thrive. Go to Top

How will I know the status of my factored invoices? The program has an on-line service that allows you access to your account and reports any time you wish. Additionally, you will be assigned a Client Service Representative, who will be your contact for any questions you may have throughout your relationship with us. Go to Top

Is factoring a recent financing option? Factoring has been around for centuries. It's one of the oldest types of financing, first seen in the United States in the garment and textile industries. Today however, factoring is a funding solution for companies in all industries. Go to Top

How does factoring differ from bank financing? Factoring is faster and less complicated than bank financing. Factoring companies make decisions based primarily on the credit worthiness of your customers, while a bank's credit decisions rely mainly on your company's financial history, cash flow, and collateral. Our Factor funds quickly, often within days of receiving an application, when banks generally take weeks or months. In addition, when you factor your accounts receivable, your company incurs no debt, as there is no interest to pay or principal to repay. Factoring can also help companies that banks traditionally shy away from, such as start-ups, companies with tax liens, or even companies in bankruptcy. Go to Top

Why would a business sell its accounts receivable? Businesses with cash flow problems cannot wait 30 to 60 days or more for payment on their invoices. They need immediate cash to meet the financial obligations of their companies. Factoring provides this cash to businesses through the purchase of accounts receivable. Go to Top

Which companies benefit the most from factoring their invoices? Factoring is a good fit for many companies for a variety of reasons. Start-ups and high-growth businesses need cash from factoring to help fuel their growth. Companies who have suppliers to pay or service-based companies with high payroll and payroll taxes use factoring to assure they can meet their financial obligations. Go to Top

Who makes a good factoring client? Companies who sell a product or service to commercial or government entities and need cash fast to make payroll, payroll taxes, pay suppliers, or fulfill other financial obligations make excellent factoring clients. Go to Top

How will our customers be treated by the factoring company? Understanding the value of goodwill, we respect the relationships you have developed with your customers. We understand they are the backbone of your business and they will be treated with the highest level of courtesy and professionalism. Go to Top

What is the major benefit of factoring? You receive cash immediately from your invoices instead of waiting 30, 60 days or more for your customers to pay. It is as if you have COD terms with your customers. You receive professional collection and credit expertise, while enjoying increased cash flow. You can then concentrate on running and growing your core business. Go to Top

What does factoring cost? Rates are based on the amount your company factors and how long it takes your customers to pay. If desired, you can receive a quick quote after you give us a bit of information regarding your business. Go to Top

Is factoring a type of loan? No. Factoring is not a loan. It is the purchase of an asset, your accounts receivable. While approval of a bank loan considers all of your company’s assets as well as your financial history and balance sheet, a factor relies mainly on the credit worthiness of your customers. Factoring is often the ideal solution for businesses with poor financial histories, little or no track records, or weak balance sheets. Go to Top

What type of invoices can my business factor? You can factor almost any valid invoice for a service or product that’s been delivered to and accepted by your creditworthy commercial customer. Go to Top

How much cash will I receive from factoring? Up to 90% of your receivables can be advanced to you immediately. The balance (less factoring fees) is released to you upon payment of your invoices. Go to Top

Does it matter if my company has a bankruptcy, bad credit, poor financials, or other derogatory information? Financing decisions are based mainly on the credit worthiness of your customer base; generally the financial strength of your company is not going to prevent you from obtaining our factoring services. Go to Top

What can I do with the additional cash flow I obtain from factoring my accounts receivable? Our clients use the cash to meet payroll, payroll taxes, pay suppliers, and take advantage of supplier discounts, purchase inventory or equipment, and take on more orders. Go to Top

Will my customers think that my business is experiencing financial difficulty when they learn that I'm using a factor? Absolutely not. Factoring is a long established and mainstream financing option for businesses. It is likely that some of your customers do business with vendors using a factoring service. Go to Top

What does factoring mean to my customers? Basically, factoring will require a change to the address where payments are mailed. In addition, collections will be handled for you, allowing your time to be used on your core business. Otherwise, your working relationship with your customers will remain the same. Go to Top

I have customers all over the United States. Are there any restrictions? No. We can work with any business or government agency in the U.S. What matters is that your customers are creditworthy. Go to Top

What types of businesses do you factor? We finance companies from a broad range of industries including, but not limited to, distributors, telecommunications companies, temporary personnel agencies, nursing registries, manufacturers, wholesalers, consulting companies and security guard services. Companies from the above-mentioned industries with creditworthy customers will benefit greatly from our factoring services. Go to Top

What size businesses can be financed? Our clients are companies who invoice a minimum of $10,000 each month. We help small start-ups as well as mid-sized businesses with needs up to several million dollars. Go to Top

Who will be responsible for collections from my account debtors? Our Factor has over 20 years of experience and handles collections with expertise and finesse. This professional collection service allows you the freedom to concentrate on growing your company. Throughout the process, they stay in contact with you and ask for your involvement when necessary. Go to Top