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Frequently Asked Questions
Invoice Financing (Factoring)
 What
is factoring?
Factoring is the sale of a single or multiple invoices for immediate funding.
Why wait 30 days, 45, days, or 60days or more to get paid by your customer.
Sell your invoice and receive funding in less than 72 hours.
What
types of businesses use invoice factoring?
All types of businesses use invoice factoring. Any type of business or
industry can sell an invoice for funding. Some industries and businesses
are hard to factor than others. Contact us today to see if we can help
you. If we can't help you, we will attempt to find a factor that can.
What invoice amount can be sold?
Any invoice amount can be sold. A single invoice
can be sold or multiple invoices can be sold. We buy invoices with an amount as
small as $100.00.
How much does
it costs?
Fees depend upon invoice
aging and the credit quality of your customers. Contact us for a quote.
Our fees start as low as 1.5%
How does factoring work?
You perform the service or deliver your product to your customer and invoice
your customer as you usually do. You sell us the invoice. We advance
up to 85% of the invoice amount after we verify it. The amount held
back is called the reserve. Your customer sends the payment to us and we remit
the remaining balance (reserve) less our fee to you.
Will my customers know that I am
factoring my invoices?
It is up to you on how much you want your customer to know about using our
service. We work with you to customize a notification. In some cases
your customer may never know since all you do is change the remittance address
on your invoice where your customers sends payment.
Are we a debt management service?
No. We are not a debt management service. We are a cash
flow improvement service. We like to work with companies that provide
quality products and services to customers that are expected to pay. Our
goal is to help companies improve their cash flow so that they can sell more
products and services and grow their business. If your company needs debt
management services, we can refer you to a service provider.
Equipment
Leasing
Conserve Your Cash And Working Capital
Cash is not tied up in equipment. Instead, money is available for opportunities
such as marketing, working capital, or seasonal cash flow needs.
Preserve Your Credit Lines
Your existing lines of credit and borrowing availability are left untouched –
ready to use for operational and short-term financing needs.
Pay Only For What You Use
Monthly payments allow you to use your equipment immediately – your only initial
cash outlay is the first and last rental payment. And, the new equipment, with
its operating efficiencies, pays for itself as you use it... over time. Profits
are generated by the use rather than the ownership of equipment. Ownership can
be an expensive luxury!
Leasing Is 100% Financing
Our leases finance 100% of the cost of the equipment. You can include "soft"
costs in your lease such as shipping, software, training, and installation.
Unlike a bank loan, there is no down payment or compensating balances required.
Eliminate Equipment Obsolescence
Leasing lets you regularly upgrade your equipment to a state-of-the-art level,
eliminating the inefficiencies of owning out-dated equipment.
Gain A Variety Of Tax Benefits
Unlike loan payments, lease payments may be fully tax-deductible as an
operational expense.
Overcome Budget Limitations
In situations where limited budgets would ordinarily delay or prevent the
acquisition of equipment due to a limit on capital expenditures, leasing allows
for quick budget approval due to its small monthly expense. A lease can fit the
tightest of budgetary constraints.
Lease Just About Any Type Of Equipment
Eight out of 10 businesses use equipment leasing programs to acquire equipment.
Typical types of equipment include:
- Computer Equipment & Software
- Fax Equipment / Copiers
- Office Furniture
- Material Handling Equipment
- Manufacturing and Construction Equipment
- Printing Equipment
- Commercial Vehicles (Trucks, Trailers)
- Telecommunications Equipment
- Medical Equipment
- Restaurant Equipment
Apply for financing!
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