Frequently Asked Questions
What is factoring?
How does factoring work?
You continue to run your business as usual. You continue to sell your products or services and invoice as you would normally. Once the work is completed and the invoice is generated you are now ready to sell your invoice to the factoring company. You will receive a predetermined percentage either the same or next day via check or bank wire. Once this money is advanced, the invoice is payable to the factoring company.
Why do companies factor?
How long will the application process take?
What if I have outstanding loan?
What will my customers think, and how will they be treated?
Do I have to sell all of my receivables?
Where are the payments made?
What kinds of companies factor?
What do factors take as collateral?
Are there any other benefits to factoring?
What are factoring companies looking for and looking at?
What are the fees associated with factoring accounts receivables?
Is factoring right for my business?
Start searching for accounts receivables financing right now. Just fill out the form on this page to find the perfect factor for your business!
We’re here to help you get the financing assistance you need at terms that work for you. If you have any questions about the process or the results you’ve received, don’t hesitate to contact us at firstname.lastname@example.org or 903-776-4NFG (4634).