FACTORING EXPLAINED

Factoring is another name for invoice financing. It is easy to qualify for receivable financing because the advanced funding you receive for your receivables and the fees you pay are based solely on the financial strength and credit worthiness of your customers, not your business! Rates for factoring receivables vary depending on the total dollar amount you intend to factor on a monthly basis (volume discounts apply). Specific rates or fees for factoring your receivables cannot be promised or quoted without knowing about your customers, your business, and invoice amounts you wish to factor

Some invoice factoring companies advertise seemingly low discount rates presumed to be the rate any business will get if they factor receivables with them. THIS IS A PLOY and is only a baited hook to get you on the phone! Only when they have you on the phone and review all of your receivables will you learn the real factoring fees they intend to charge!

We provide you with examples of how the fees and invoice funding can work. If you are interested in receiving an exact quote for factoring your invoices, please fill out our very simple inquiry form. A factoring specialist will contact you for a free consultation to tailor a factoring solution and fee structure that best fits your business. The information is free and the quote is yours to accept or decline. See our About page or FAQ for more information on factoring.