How
Factoring Works
The process is simple and straightforward:
We begin with
a preliminary evaluation of your business and
customer base. With this information we design
a factoring program that is effective and
appropriate for you.
Because we are a private company decisions are
made quickly, eliminating long waits for loan
committee approval.
When you fill
an order or complete a contract for services and
generate an invoice we fund that invoice and advance
a large percentage of the face amount immediately.
In most cases, cash advances are made within 24
hours from the time invoices are verified. When
your customer pays the invoice, you receive the
remaining funds, less our fee.
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.
We provide comprehensive,
password protected on-line management reports
to all of our clients. These reports allow you
to make informed decisions based on real time
information.
How much and how
often to factor is entirely up to you. You can
choose to factor all or a portion of your receivables
for a length of time that works best for you.
If you have outgrown
your line of credit with your bank, or you are
a young company without an established track record,
or if previous cash flow problems have tarnished
your credit rating, or even if you have a tax
lien, you can still qualify.
Factoring
is one of the most flexible financing options
and the only one that can continually grow with
your company. You are not totally limited to pre-approved
credit lines, and you do not have to go through
a complicated and redundant application process
as your business grows.
The bottom line
is this: Factoring allows you to focus
on expanding your business by providing you with
the necessary capital and removing much of the
administrative red tape.
Fill
out our no obligation application and let us customize
a factoring plan for you!
| 
