INVOICE FACTORING
HOW IT WORKS
CREATE YOUR ACCOUNT
The first step in factoring your orders is to set up your factoring account. This is accomplished by submitting the necessary documents and confirming that you will be able to provide a certain number of invoices per year. Once everything has been approved, your account is set up and ready to begin factoring.
SEND IN INVOICES
GET PAID!
Once your account is set up, any invoices you want to factor and get paid for simply need to be submitted and approved.
We will review the invoices to ensure that they meet regulatory requirements, and once approved, we will deposit the funds into your account the same day, allowing you to begin working straight away!
RATE
0.5%. - 20%
INVOICE FACTORING
QUALIFICATIONS:
TERM
10 - 130 DAYS
4 - 7 DAYS
INVOICE FACTORING IS AN EXCELLENT METHOD FOR FUNDING AND SECURITY OF PURCHASE ORDERS. GETTING PAID BEFORE YOU'VE EVEN STARTED THE JOB AND SECURING ON-TIME PAYMENT IS A OUTSTANDING OPTION.
550+
DURATION
FICO
5K - 2M
AMOUNT
INVOICE
80% COVERAGE
-
No Bankruptcies/Delinquencies
-
No Positions
-
100k+ Invoices Annually
INVOICE LINE of CREDIT
HOW IT WORKS
VERIFY INVOICES
The first step in the Invoice Line of Credit process is to ensure that the invoice accounts you currently have now are sufficient to keep your Line collateralized.
PROVIDE DOCUMENTS
We collect the documents required to complete and verify your file once we have determined that your invoice accounts will be sufficient to secure your line.
SECURE LINE
We can now proceed with opening your invoice line of credit since all of the paperwork have been processed and verified.
RATE
6%. - 8.75%
INVOICE
LINE OF CREDIT
QUALIFICATIONS:
TERM
36 - 60 MONTHS
7 - 14 DAYS
INVOICE LINE OF CREDIT IS A GREAT WAY TO FREE UP SOME CASH FLOW AND HAVE A REVOLVING LINE BACKED BY YOUR INVOICES IF YOU HAVE OUTSTANDING INVOICES AND FACTORING IS NOT YOUR THING.
620+
DURATION
FICO
10K - 250K
AMOUNT
INVOICE
80% COVERAGE
-
No Bankruptcies/Delinquencies
-
No Positions
-
100k+ Invoices Annually