InvoiceFunding.com - Creative Cash Flow Solutions for Businesses

How It All Works - The Factoring Process

Step One:

Fill out proper documentation.

Step Two:

After the proper documentation has been completed, in just 24-48 hours the factor will provide you with the cash from your receivables.

Step Three:

When the invoice is verified, we send you what is known as the Advance. You may elect an amount between 50% and 85% and the discount or cost to you is proportionate to the size of the Advance. Most Advances are between 70% and 80%. They will mail it, Fed Ex it, or wire it to your bank account. This transaction is ordinarily completed within 24 hours.

Step Four:

We send you the remaining funds, known as the Reserve, as soon as your customer's check clears our bank, or on a prearranged schedule. At this point we take the discount (the fee), which is 2.5 to 4.5 points, per 15-30 days. You will have received 96% to 98% of your money, and the transaction is complete.

Step Five:

Each time you sell your invoices, you receive a complete statement of your Account, showing all of your invoices, fees and other pertinent information. You also receive copies of checks for your records the day we receive them.

You will always receive first class customer service from our factors, because we realize you have no obligation to continue business with us. There is always SOMEONE to answer your questions and walk you through the process on each Invoice you want to sell. We DO NOT have a voice mail maze for you to get lost in. You always speak to a REAL PERSON. We are available to anyone at any time, within minutes, to answer questions or discuss business strategy. Its comforting to know that the only decision-maker you need is just a phone call away.