Q: How does your service work?

A: Please visit our How it Works web page for an overview and examples of how the factoring process might work for your business.

 

Q: When can I get the money for my invoices?

A: Once your account is opened it'll be only a short day or two to get your first funding. Just complete the Easy-APP and fax it back to us with the requested documents. You'll be approved quickly and we'll send you an Account Completion Package. Your account is open when we receive that package back.

 

Q: Do I have to fund all of my invoices?

A: Only the other guys make you do that. With our easy-to-use Fee-Free Discount Plans the choice is yours. Fund a few invoices this month, more next month and none the following month. We're flexible and we won't charge you a minimum monthly fee (or any other fee).

 

Q: I only have $11,000 worth of invoices. Can I take advantage of one of your Fee-Free Discount Plans?

A: Sure! We don't have any minimums or maximums. We want you to use our service because you like it, because it's a fair price and because it helps your company grow.

 

Q: How long do you hold reserves (the portion of your invoice not funded in the advance)?

A: We don't! When a check arrives in our office from your customer we'll apply it to your account immediately. Then we'll make the reserve available to you on the same day.

 

Q: How do I get my customers/clients to pay you instead of me?

A: It's easy. Factoring has become a widely accepted form of funding for small businesses like yours. We'll use a simple Notice letter on your letterhead to let your customers know to send the check to us.

 

Q: How long is your contract?

A: We'll never lock you in to a long, expensive contract that's hard to get out of. Ours is only 90 days (the normal time during which a typical invoice gets paid).

 

Q: I'm currently using another factoring company that is treating me poorly. Can you help?

A: You bet! We'll walk you step by step through the process of changing factoring companies. With our help it will be quick and painless.

 

Q: How can you include all the extra services like wiring fees into your Fee-Free Discount Plans?

A: For 14 years we've studied this industry and have seen first-hand the shenanigans of other factoring companies. As we developed our Discount Plans we negotiated with our bank and other suppliers for the very best price available on the services they provide us. Since we've already funded over $100 million in invoices, we were able to get the very best pricing available, which gives us the ability to provide better services. The other guys add some additional profit onto what they are charged, then pass those expenses on to you. The result is you pay them more and they make more. Who would you rather do business with?

 

Q: What about the other fees charged by those other factoring companies?

A: Phooey on them! With our Fee-Free Discount plans you choose the plan that suits you best and then rest easy knowing that there simply are no additional fees. No application fees, due diligence fees, wiring fees, mailing Fees, FedEx fees, credit check fees, processing fees and the list goes on. There are NO other fees!

 

 

More FAQs coming soon!