Frequently Asked Questions

What types of receivables are acceptable?
Just about any valid invoice for services performed or product delivered.

What is required before an invoice may be funded?
Your customer must be creditworthy and your product or service must be completed, delivered, and accepted by that customer.

Do we bill on our letterhead or yours?
You continue to bill normally. Checks may be made payable to you, but mailed to our address.

What does it cost?
Our fees are competitive and our terms are flexible. Typical fees for 30 days range from 2.5% to 4% of the invoice amount. Fees are lower for shorter time periods or for reduced advances.

Must I agree to finance a minimum volume of future receivables?
No. Finance one invoice or as many as you need to meet your cash flow needs. Stop when you wish, or continue as needed.

Are government receivables acceptable?
Yes. Nearly 40% of our business is government or municipal related. As a result, we are an expert in the specialized area.

What is the smallest or largest invoice that we can submit?
You may finance invoices for as little as $100. There is no upper limit.

What will my customers think?
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 others have become familiar with it through other vendors. The fact that you qualify for this “credit line” makes a strong positive statement.

Can we qualify with a bad credit history or are just starting in business with no credit history?
Yes, the background 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.

Can we qualify if we already have existing credit lines or SBA loans?
Yes! We compliment and work in cooperation with your existing lenders to enable you to access even larger amounts of funding.

Can we qualify even if we are just starting in business and have no credit history?
Yes, you can, if you have creditworthy customers.

How quickly do I get the funding?
Upon receipt of a completed client application packet, it takes approximately 5-7 business days to process. After this initial set-up,funding will usually be done in 24-48 hours.

Can I factor my A/R if my company already has a loan or line of credit with a bank?
Sometimes. We do everything we can to work with your existing lenders to enable you access to larger amounts of funding.

How do I get started?
Click here to fill out our Client Profile. We will be calling you as soon as we receive your profile back.