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FAQ
(Frequently
Asked Questions)
Q: What
types of receivables are acceptable?
A: Just about any valid invoice for services performed or
product delivered.
Q: What is required before an invoice may be funded?
A: Your customer must be creditworthy and your product or
service must be completed, delivered and accepted by that customer.
Q: Do we bill on our letterhead or yours?
A: You continue to bill normally, however, we do
require our mailing address to be printed directly on each invoice for
payment submission. Checks may be made payable to your company, but
mailed to our address.
Q: What does it cost?
A:
Our fees are competitive and our terms are flexible. Typical fees for 30
days range from 2% to 4% of the invoice amount. Fees are lower for
shorter time periods or reduced advances.
Q: Must I agree to finance a minimum volume of future
receivables?
A:
No. Finance one invoice or as many as you need to meet your cash flow
needs. Stop when you wish or continue as needed.
Q: Are Government Receivables acceptable?
A:
Yes, Nearly 40% of our business is government or municipal related. As a
result, we are an expert in this specialized area.
Q: What is the smallest or largest invoice that we can submit?
A:
You may finance invoices for as little as $100.00 There is no upper
limit.
Q: What will my customers think?
A:
Receivables-based financing is used by many of the largest corporations
in the world to improve cash flow, support growth , and increase
profits. Many of your customers may use this service themselves and
other have become familiar with it through other vendors. The fact that
you qualify for such a "credit line" makes a strong positive statement.
Q: Can we qualify with a "bad credit" history ?
A:
Yes, the back ground of the company in need of cash is of little
importance. It is the creditworthiness of the company's customer that
really matters. As long as the customers are going to pay their
invoices, the factoring transaction can be completed.
Q: Can we quality even if we are just starting in business and
have no credit history?
A:
Yes, you can, if you have creditworthy customers.
Q: How quickly do I get funding?
A:
Upon receipt of a completed client application packet, it takes
approximately 2-7 business days to process. After this initial set-up,
funding will usually be done in 24-48 hours.
Q: Can I factor my A/R if my company already has a loan or line
of credit with a bank?
A:
Sometimes, We do everything we can to work with your existing lenders to
enable you access to larger amounts of funding.
Q: How do I get started?
A: Click here to start the process.
Still have questions? Please contact us anytime! We look forward to
hearing from you.
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