How
does it work?
The process is simple.
Here is an example once you have been through
the one time only
Application process with us:
1. You have an
invoice of $100,000.
2. Within 24 hours, you would be able
to receive an advance of up to 80% or $80,000, leaving a reserve of
$20,000.
3. A letter is sent to your customer
explaining that due to expansion of your company, we have been retained
to collect the Accounts Receivable (A/R). So your company can focus on
what you do best, providing your services.
4. Once the invoice has been collected,
you will get your $20,000 reserve back less our discount fee.
Simply put, factoring
is no different than if you had given your customer a discount for
paying within 10 days instead of 30 or more days. The big advantage to
you is you get your money within 24 hours!!
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