The Factoring Process is Simple and Straight Forward
We have the factoring process down to a science. You can receive funding quickly without the pain associated with financial covenants required by banks.
Don't get us wrong - banks offer valuable services in addition to lending.
However, bankers are restricted by cumbersome regulations, especially in this difficult post-bailout economy.
Our underwriters understand a plethora of different business types. We structure a credit line for your business that provides value for your company.
The process is simple and can be completed quickly:
However, bankers are restricted by cumbersome regulations, especially in this difficult post-bailout economy.
Our underwriters understand a plethora of different business types. We structure a credit line for your business that provides value for your company.
The process is simple and can be completed quickly:
- Complete a short application form including financial information
- Provide a detailed accounts receivable and accounts payable aging
- Include corporate financials for the past two years
- Provide a customer list
- Give us an overview of your business
- Please include financial projections (if available)
- Include an example of an open invoice & related documentation
- A competitive proposal is prepared for qualified candidates in a timely manner
Critical: not all lenders will underwrite challenging deals. If you've been denied in the past,
chances are it was them - it wasn't you!
Some lenders prefer low risk, others high risk. Others deal only in certain industries or with clients of certain revenue sizes. The reality is that your bank may not work with you, regardless of your business profile simply because of their internal restrictions!
It is essential that you work with a factor with
Some lenders prefer low risk, others high risk. Others deal only in certain industries or with clients of certain revenue sizes. The reality is that your bank may not work with you, regardless of your business profile simply because of their internal restrictions!
It is essential that you work with a factor with
multiple factoring underwriters
, to give you the best chance to get a credit line that services your needs.
Competitive Pricing
Unlike a bank line of credit that requires an exhaustive evaluation, the approval process for factoring is much faster. With expertise in structuring competitive deals, we increase your chances of getting the financing you need!