Q & A

Is invoice factoring a loan? No, invoice factoring is not a loan. We are actually buying your invoices immediately for cash.

Does it take a long time to get approved? No, it normally takes one business day to get approved. All we need is our application, copy of an invioce and a current accounts receivable aging report.

How long does it take to get funded on our invoice? It funds the same day. When you turn in your invoice it will be processed and funds will be in your account overnight.

Is invoice factoring expensive? Not at all. Rates start out around 1.5% and average around 2% for 30 days. The real question is how expensive is it to waht to get paid by your customers.

Can new start up companies qualify for invoice factoring? Absolutely, a major portion of the factoring is based on the strength of your customer.

Please call us today with all your invoice factoring questions.