Invoice Factoring FAQ's:
When you choose an invoice factoring company you want to ensure that you completely understand the process and the cost. With our company you will get all your questions answered up front and you will also be aware of all the costs involved. We want our customers companies to be as informed as possible. Call today to find out why we are a one of the most trusted invoice factoring companies.
If you have questions about invoice factoring please give us a call: 888-581-5990
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What is invoice factoring? |
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| Our invoice factoring program involves the purchase of your current, valid accounts receivables for cash. You send us the invoice and we front a percentage (70-90%) of the money at the time the invoice is received. We collect the remainder of the invoice and remit it to you, as received, less our small invoice factoring discount fee. | |||
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| Fees are determined by the industry your company is in, the strength of your company and the strength of your companies customers. | |||
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Does my company need good credit to qualify for invoice factoring? |
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| The answer is no. You and your companies credit will be checked but the customers credit is a bigger factor than you or your companies credit. Invoice factoring is a lot easier to get approved for than traditional financing and companies do everyday. | |||
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What is involved in getting my company started with invoice factoring? |
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| To get your company approved and get started we need our one page application, a copy of your companies aging and copies of invoices from the company or companies you want to factor. | |||
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How long does the inital start-up process take? |
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| Once you are approved (which many times is in the same day we receive your application) then funding can usually occur in 4-5-days. After that inital start-up time invoices will typically pay the next day. | |||
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Do I need to factor all my companies customers? |
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| No, you can choose which customers your company wants to factor. | |||
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Does my customer know that I am using invoice factoring? |
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| Yes they do. Once you are approved we contact their accounding department of that company and have them send payment directly to a lockbox. this usually takes place with an accounting person at our company talking to the accounting department of your customer. It is a simple process. | |||
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What will my customer think of us using invoice factoring? |
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| Invoice factoring is quite common today and chances are your customer is very familiar with it. To them it just means remitting the invoice to a different address. | |||
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How is the invoice factoring process different from a loan? |
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| Invoice factoring is not a loan, does not require qualifying for a loan and it does not appear as debt on your balance sheet. Invoice factoring is a financial transaction whereby we purchase your invoices for cash at a small discount. |
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Call Us Today: 888-581-5990 |
Convert Invoices Into Cash! |
Apply For Factoring Now! |
| Do you still have invoice factoring questions? Call us at 888-581-5990 or visit our contact us page.
Contact U.S. Financial Today! |
Convert your invoices into immediate cash. No loans involved and there are no restrictions on the funds. Our invoice factoring program is designed to help your company grow faster and have a stable cash flow. Call today. | Get started with invoice factoring by faxing our one page application to us.
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