First Step: Filling Out the Application
Your journey to enhanced cash flow begins with a simple application. Provide basic details about your business – its name, address, nature, and customer information. This is the first step towards unlocking your business's financial potential.
You may need to submit documents like an accounts receivable aging report. Remember, we assess the payment reliability of your customers to understand their overall financial health, not just their history with you.
In this initial stage, discuss your financial needs with us. This includes the volume of invoices for factoring, the advance and discount rates, and the speed of receiving advances. Factors like your industry, business tenure, and customer risk profiles will guide these terms.
Remember, the volume of your factoring is crucial. Higher invoice volumes typically lead to more favorable rates.
Based on your application, we'll determine if factoring aligns with your business needs, balancing risks and rewards. Once approved, we'll negotiate the specifics of your factoring agreement, tailored to your business's scale and requirements.
During the negotiation, you'll gain a clear understanding of the costs. Following agreement on terms, we'll initiate funding by verifying your customers' credit and the legitimacy of your invoices before providing the cash advance.
We relieve your headaches and stress of collecting on accounts receivables.
You have 24/7 account access 365 days a year.
When you call, you get to speak to a real live person.
Don't wait long periods for a loan. Many of our factoring deals can take place in as little as 24 to 48 hours. If you need capital right now or are looking to expand then factoring is the way to go. We work on your time instead of you working on a bank's schedule.
If you need cash and you're sitting on a lot of unpaid invoices then factoring with us is the way to go. We'll give you the cash that your business needs and collect from your customers.
Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with factoring.
If you're a start-up or your business has a poor history or credit then you can still get the cash that you need. Today's banking atmosphere makes it a challenge for even the most-qualified businesses to get a loan. Factoring takes care of all of that.
Without a collections department or a small staff, collections often come down to you doing all of the leg work. Our Factoring Service will alleviate that burden and provide the service that you're not equipped to handle.