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square-banner-31How is invoice factoring different than a bank loan?

Invoice factoring is not a loan; thus no debt is acquired by your company. With bank loans, the focus is on your company’s credit history and cash flow whereas invoice factoring focuses on the creditworthiness of your customer. Because of this we can make a quick funding decision, while banks can take weeks or even months to approve a loan.

How are the rates determined?

There are a number of different factors taken into account when making a funding decision. These factors include your sales volume, you customer’s credit history, trends in your customer payment cycles, and the invoice amount.

How long does it take to receive the first funding?

Approval and funding can happen in as quickly as a few hours depending on the response time of your customer.

What information will you need to begin the factoring process? 

Take a look at our online application to see what information will be needed.

Will my customers know that I have factored their invoices?

Invoice factoring has become a common practice among IT companies and many customers have sent payments to factors before, however we will ensure the process is as transparent as possible. We understand that your customers are the most important aspect of your business and we will ensure that you maintain and/or improve your customer relationships. To this end, our communication with your customer will be respectful, professional, and friendly.

How do I know that you will treat my customers the way I want them to be treated?

We are not a collection agency and the last thing we want is for you to lose your customer. We will never harass your customers and ensuring that you continue a good relationship with them is of utmost importance to us. We are in this together and we only succeed if you succeed.

My business is new and has little or no credit history. Can I still qualify for factoring with you?

The focus is on the creditworthiness of your customer, not your company. In light of this, it is entirely possible that we can help your company grow from its beginning stages.

Have More Questions?

If you have any questions not covered in this FAQ, please feel free to contact us any time.