Accounts Receivable (Factoring) FAQ's

• Does my company need to have good credit?

No! As long as your customers are credit worthy and have shown a good payment history, we can factor your receivables.

• How fast will I receive my money?

Fast! Generally, we can turn your receivables into cash in as little as 24 to 48 hours after receipt of the invoice.

• Who decides which invoices to factor?

You do! One of the great advantages of factoring with us is that you stay in complete control of your business. You decide what invoices you want to factor and when to factor them.

• Will you accept all of my invoices?

Your invoices must meet our underwriting and credit standards, but our factoring program is designed to grow with your business. The more invoices you send to us, the more cash is available for your business.

• Who collects the payments?

We do! When we purchase your invoice, your customer will be notified that the payment should be sent directly to us.

• What will factoring cost me?

Factoring generally cost about the same as if you offered a C.O.D. discount to your customers. But a more important question should be, what will it cost you not to have the needed cash to run your business?

• What if I want to stop factoring?

You can generally terminate your factoring agreement at any time.

• Can I send old, overdue invoices?

No, although, like most factoring companies, we have a collections department we are not a collection agency. In fact, you're better off factoring the accounts that pay on time rather than slow payers to minimize your future costs.
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