Factoring

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Highlights

• 10,000 & up to $10 million Facilities
• Set up in 3 to 5 working days
• No facility fees - No Audit Fees
• Applicant and end buyer must be insurable

Requirements:

• Online Credit Application
• Signed Proposal
• Account Receivable Aging
• Invoice with backup documentation
• Last 2 months Bank Statements
• Photo ID and Voided Check
• Master Service or Distributions Agreements
• Signed Invoice Factoring Agreement

• It provides the cash flow finance and debt management solution that your business needs to succeed.
• It offers a flexible source of working capital driven directly by your trade credit invoices
• It’s responsive, cost-effective and alternative to a bank overdraft or loan
• It helps you turn today’s sales invoices into tomorrow’s cash flow.
• It extends favorable terms to customers with confidence 
• Get paid in hours instead of   weeks or months
• Immediate cash to manage business operations

Factoring Options

• Invoice Factoring 
• Medical Factoring 
• Freight Factoring 
• Spot Factoring 
• Construction Factoring 

How it works: when factoring lender that elects to proceed will fund your initial advance based on the invoices you submit, the advance funding will vary from 80-95% of the factored invoice. 

• Flexible Terms
• Simple tool to smooth out cash flow
• Quick access to growth Capital

Terms: factoring fees range between 0.69% - 4.59% (depending on the days outstanding the invoices pay average 2.25%)