What determines my invoice factoring advance and charges?
Invoice factoring costs / pricing will be given to you upfront before you factor any invoices and is determined by the three factors below. As well as these three factors your invoice factoring cost / pricing will be determined by the length of time it takes an invoice to pay with quicker payments of 15-30 days being cheaper than say 60-90 days. Call today to get a pricing quote for invoice factoring specific to your company!
1. Creditworthiness of your companies customers |
| With factoring your firm’s credit is of secondary importance to that of your customer. The higher credit rating and the better the payment history of your customer then the higher the advance on your invoices and the lower the percentage that we charge you. |
| 2. The industry that your company is in |
| Certain industries carry a higher risk than other industries and the factoring percentages and cost reflect this. For instance, the construction industry because of its cyclical nature and the preponderance of subcontractors carries a higher risk than a food processor. |
| 3. The number of companies whose invoices you factor |
| In many cases companies choose to factor only those invoices with which they are having problems with collections. By “cherry picking” these industries the risk goes up because we do not have the better paying customers to balance out the risk. If you choose to factor more invoices from multiple companies the invoice factoring risk goes down and therefore so does the cost! |
You will be given your advance percentages and costs upfront.
Before you factor any invoices you know precisely how much we will advance on any invoice as well as all costs involved. With our invoice factoring program you will be able to choose the companies whose invoices you wish to factor. In certain circumstances you might also choose to factor only some invoices from a certain company. These are all options that you have when using U.S. Financial for your factoring services.
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Next Day Payment On Invoices |
Stop Waiting 30-90+ Days! |
Apply For Factoring Now! |
| Submit your invoices and receive funds the next day. There are no restrictions on the funds and no lengthy loan forms to complete. Use invoice factoring with U.S. Financial today. | Our invoice factoring program gives you cash next day for your invoices. Why wait for your cash - it's yours and you need it to run and grow your company. Get Paid Next Day! | Get started with invoice factoring by faxing our one page application to us.
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Call U.S. Financial for invoice factoring for your company: 888-581-5990