Factoring is not a loan. Instead, your accounts receivables (invoices) are sold at a discount rather than merely offered as collateral. It's the same concept as offering a discount for early payment of your invoice (1% 10, Net 30 days), only now you get the money in 24-48 hours and it doesn't depend on if your client wants to pay early.

If you have delivered a product, completed work, or performed a service for a creditworthy business, institution or general contractor, sub-contractor, or owner, contact us prior to sending invoices to your customers. After we receive confirmation that the goods have been delivered, service rendered, or job completed and approved– we will advance them approximately 70% -85% of the invoice amount (60% for construction).  When your customers pay us, we will then send the balance — less our discount — to you. 

Discount rates and advance amounts are established by a combination of the following: monthly volume, your customer's credit worthiness, invoice sizes, and average payment cycle.

Program  Highlight 

You make a non-recourse sale instead of borrowing money when the factor purchases receivables!

• Simple application
• Quick approvals
• Flexible funding program
• No audit
• No financial statements
• No personal guarantee of the credit risk
• Sell one invoice at a time or all of your receivables

Advantages of Factoring

• Fast & Easy – initial funding in 5-10 business days
• Ongoing funding can be done in 24-48 hours
• No long term contracts required
• Based on your customers’ credit worthiness, not yours
• Unlimited Source of Operating Cash – grows as your sale grow
• Detailed Management Reports
• You can use the money however you want
• Monthly payments or balloon
• No Geographical Limitations
• Greater Operating Efficiency
• Off Balance Sheet Financing
• The "Time Value" of Money
• Reduces Bad Debt
• Professional Collections
• Offer Credit Terms to Customers
• Meet Increasing Sales Demands
• Stop Offering Early Payment Discounts
• Retain Control of the Business – don't give up equity
• Reduces Overhead — helps business downsize so they can concentrate on growing their business

Customer Profiles

• Small and medium size businesses, including new businesses and women and minority owned businesses, that can't get conventional financing
• Any business that needs additional operating capital
• Businesses that want to expand and need a cash flow injection
• Businesses with tax liens or tax prolems
• Businesses that are working through either Chapter 11 or a bankruptcy

Procedures