Receivables Funding Frequently Asked Questions

Do you buy our accounts receivable?
YES, that's exactly what we do. We are not lenders and you are not borrowers. We make an outright purchase of the financial rights to your invoices.

Do you bill on your letter head or ours?
You prepare and mail your invoice the way you always have, then send a copy to us along with any other required documents.

What is my customer's reaction when I sell my accounts receivable?
Selling accounts receivable is a respected business practice. This will never alter the good relationship between you and your customer. When you deal with us, you'll never have a problem getting funds provided you can answer "yes" to the following questions:

1. Have you delivered the goods or services required of you?
2. Is the invoice amount correct, due and payable as rendered?

How do you make your money?
We get our fee when the invoice is paid.
Remember: we buy, not lend.

What are your requirements for buying (factoring) an invoice?
Only two:

1. The work must have been completed,delivered, received and accepted.

2. Your customer (who receives the invoice) must be a creditworthy risk.

Can you give me an example of how you work?
You're ready to invoice your customer. The face amount of the invoice is $100 (it could be $100,000). Call us. Indicate your desire to turn the invoice into immediate cash. Fax a copy of the invoice to our office when it's ready to be mailed to your customer. We process the invoice in 24 hours or faster. Then, we immediately advance you 60% - 80% of the invoice amount. When we receive payment of the invoice, we send you the remaining 20% - 40%, less our fee. It's that simple!

What is the smallest invoice you'll accept?
What is the largest?
You can sell us an invoice for as little as $100. There's no limit on the up side.

Do you publish your rates?
Yes. Our rates are agreed up and stated as part of our Purchase and Sale Agreement. Rates specific to your situation can be provided to you upon request.

What type of receivables do you buy?
Just about any valid receivable for a service performed or product delivered (in conformance with our requirements).

Does factoring make good business sense for me?
It usually does especially with startup and growing companies. Also, when your cash flow threatens to dry up due to a slow-paying customer and you can't obtain financing through your regular sources. Our modern factoring technique is an exceptional service and strategy. There's nothing like it. Our aim is to serve our clients, not become their partners.

Do I have to sell future receivables to you?
No. Sell us one invoice. Walk away and never come back. Or come back as often as you like. It's up to you.

What happens if my customer never pays you?
If your customer doesn't pay because of a dispute with you, then you have to make good on the dispute or return the funds we advanced. If your customer goes bankrupt, we assume the loss of the funds we advanced you.

Are there any geographical restrictions to your service?
We will work with any firm in or outside of the U.S.A. which is invoicing any other creditworthy firm or government agency in the U.S.A.