Factoring Charges: Keep it Simple
As a small business owner you know one of the most important challenges you have is keeping your cash flow predictable. With that in mind Fast A/R Funding created the OneFee factoring to make the charges associated with factoring as simple and easy to understand as possible.
The last thing you need is to be blindsided by hidden charges like monthly minimum volume requirements and collateral maintenance fees.
When you sign a contract with Fast A/R Funding you get the industries simplest fees, and you know what how much it will cost for each invoice you will factor. Our online system available 24 hours a day allows you to log in and have complete access to the calculations behind the cost of every fee you are charged.
When you try to establish a bank loan you have to review piles of documents and fee schedules, this makes it hard to understand exactly what the cost of the loan will be. With Fast A/R Funding’s OneFee Factoring Charges, you receive the cash flow financing you need and know exactly what you’re paying for the service. The OneFee Factoring advantage gives you predictability and the financing you need to keep your business running efficiently.
OneFee factoring charges are based on the time it takes each of your invoices to be paid.
A simple example:
Days to Pay Fee
1-15 1%
16-30 2%
31-45 3%
46-60 4%
61-75 5%
76-90 6%
Please understand the rates above are for illustration purposed only and the fees in your contract may be lower or higher based on the agreement signed between your firm and Fast A/R Funding.
How Factoring Works
Our online system allows you to transfer invoices to us, take advances and have complete access to your account information all online. Once you perform your service, or ship your goods all you have to do is submit that information to us electronically and request an advance. Once we receive the invoice we advance up to 95% of the invoice value to you by wire transfer or direct deposit. When we receive payment from your customer you are notified by email that a payment has been received and you are able to review the details of the payment online by clicking a link or logging into your account.
Why Factoring Makes Sense
Factoring your invoices allows you to have predictable cash flow. You know that you can count on payment for the invoice you just created the day you create it instead of having to wait 30, 60 or even 90 days to be paid. No more worrying about how to make payroll or how you will be able to get the supplies you need to complete your next job. Our clients use the additional funds created by factoring to take advantage of things like, discounts offered by vendors, hiring a new sales people to increase their revenue, buying a new piece of equipment or software that will allow them to operate more efficiently.
How To Get Started
When you financing with Fast A/R Funding you receive the free access to the industry leading accounts receivable management software. The process is entirely online. To start the application process just click the button below to complete our no-obligation application. We will get back to you immediately to discuss a customized financing for your firm including our OneFee Factoring charges.
If you have any question give one of our cash flow specialists a call at 888.833.2286.
