How Factoring Works
First Step: Filling Out the Application
Begin your journey to financial stability with a simple, no-nonsense application. Provide basic details about your business – its name, operations, and customer information. This is the first practical step in enhancing your business’s cash flow.
Be prepared to present financial documents like an accounts receivable aging report. This helps us assess the payment potential of your customers, giving us a comprehensive view of their financial health.
In this initial phase, you’ll outline your financial requirements. How many invoices do you plan to factor? What are the anticipated rates? These decisions depend on your industry, your company's history, and the creditworthiness of your customers.
Factoring volume is crucial. Generally, higher invoice volumes lead to more favorable terms, making this a key consideration for your business.
We use your application to determine if factoring is suitable for your business needs. If approved, we negotiate the terms, considering the scale of your factoring. Larger amounts typically yield better deals.
During negotiations, all costs are explained clearly. After agreement on terms, we initiate the funding by verifying your customers' credit and ensuring the legitimacy of your invoices, leading to a swift cash advance.
WE PROVIDE HUNDREDS OF MILLIONS IN CASH EACH YEAR
We relieve your headaches and stress of collecting on accounts receivables.
Most Convenient
You have 24/7 account access 365 days a year.
Always Reachable
When you call, you get to speak to a real live person.
Factoring is great for any business that offers services or delivered goods.
Fast money for businesses that need it
Don't wait long periods for a loan. Many of our factoring deals can take place in as little as 24 to 48 hours. If you need capital right now or are looking to expand then factoring is the way to go. We work on your time instead of you working on a bank's schedule.
MAXIMIZE YOUR TIME BY
MINIMIZING THE COLLECTION PROCESS
If you need cash and you're sitting on a lot of unpaid invoices then factoring with us is the way to go. We'll give you the cash that your business needs and collect from your customers.
NO DEBT - JUST CASH
Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with factoring.
CAN'T GET A LOAN
If you're a start-up or your business has a poor history or credit then you can still get the cash that you need. Today's banking atmosphere makes it a challenge for even the most-qualified businesses to get a loan. Factoring takes care of all of that.
HELP SMALLER BUSINESSES WITHOUT THE STAFF
Without a collections department or a small staff, collections often come down to you doing all of the leg work. Our Factoring Service will alleviate that burden and provide the service that you're not equipped to handle.