Accounts Receivable Factoring
Using our market leading technology, our factoring platform can provide cash to you today for your accounts receivable. We purchase business to business invoices from small businesses located in the United States. We are a factoring company that makes decisions based on the credit quality of your accounts receivable not your company’s credit worthiness.
The Process:
- We quickly analyze the financial strength of your customers and set a credit limit.
- You prepare your invoices using our FREE accounts receivable factoring software. You email or fax us the backup documentation showing the work for
your customer has been completed. Unlike some other factoring companies, asset based lenders and other providers of small business finance we make all this information available to you, day or night, through the internet companies, asset based lenders and other providers of small business finance we make all this information available to you, day or night, through the internet.
- With our proprietary system we verify with your customers electronically that the information we have is accurate and compete.
- We factor the invoices from you at a predetermined advance rate, and simultaneously send the money to you, and send the invoices to your customer.
- When the factored invoice becomes due your customer remits payment to our lockbox. We wire you the remaining money after we subtract the purchase amount from step 4, and our factoring fee. Our factoring fee will be agreed upon with you before you make any commitment to us. The fee is determined based on the credit worthiness of your customers, and the amount of sales purchased from you.
Terms and Conditions:
- Small business loan decisions based on your accounts receivable not your credit.
- No long term contracts.
- Factor only the accounts receivable you choose.
- No cost unless you choose to factor an invoice.
- FREE accounts receivable, small business factoring software.
- Ability to monitor your account on line through your computer or other mobile device, including notification emails on all transactions for your account.
- All agreements with our invoice factoring clients are “signed” electronically.
To apply using our FREE application click here.
|