Happy Monday.  Today's Accounts Receivable Financing blog will focus on how availability is generally calculated for our clients.  

Fast A/R Funding is the online account receivables factoring service leader.  

The fifth part of our series on the process of how accounts receivable funding work we will focus on how Fast A/R Funding's clients get advances through our electronic factoring platform.

As part of our efforts to make the process as efficient as possible for our customers we ask them to attach their business wire instructions to their online account with Fast A/R Funding.

At the end of the application process for new customers, we ask our customers to enter their banking instructions on their online client dashboard. Once this is done, we are able to process accounts receivable funding and make continued wires to our clients with minimal effort. There is no waiting for advances once a week and there is no waiting and hoping that a check arrives in the mail.

Part Three of our discussion about online spot factoring with fast A/R Funding will focus on the creation of a new customer on our system.

The last article in this series deals with the electronic application process.

A Factoring Contract is a two party legal document between a factoring company and a business entity.  The goal with factoring contracts is to outline the legal relationship between a factoring company and its client.

Electronic identity verification is part of the completely online small business factoring program that we created for our customers.

Today's article will be about how factoring companies determine advance rates for their clients.  I will be using examples of companies in Los Angeles because even though Fast A/R Funding is a nation wide factoring company, we are head quartered in the Los Angeles area of Southern California.  

In part 1 of this series, we discussed the different types of ineligible invoices and why factoring companies make them ineligible.