Why Factor?
Factoring provides a funding and servicing solution for your business that offers many advantages over other options:
Flexible Underwriting. We don't require the lengthy process, personal credit score, business history and restrictive covenants necessary for traditional debt products. We can typically begin funding in about a week after the application process begins. We can support startups, high growth businesses, and businesses recovering from financial difficulties.
Funding Keeps Up With Your Business. Our ability to fund and service you can keep up with the growth of your business without having to requalify you for a larger loan and charge you additional fees.
You Keep Control of Your Business. We do not take an equity position
You Add No Debt. We purchase the invoice from you so you incur no debt and your balance sheet remains strong.
Outsource Your Credit Operations. We provide a thorough credit analysis on all potential and existing customers so that you can make an informed decision on extending credit thereby minimizing the risk of bad debt.
Outsource Your Collections. Our professional collections team relieves you of the considerable effort and expense required to follow up with customers to insure timely payment.
Factoring is a servicing and funding solution to your working cash flow needs that allows you to focus on running and building your business!