According to historians, factoring has been around for more than a thousand years. The Romans reportedly issued promissory notes at a discount.

A London iron merchant and businessman, Thomas Weston, financed many Pilgrims trip to America by purchasing their receivables for raw materials that had been shipped to London by the colonists.

Whether you provide a service or product to your customers, your biggest and best customers often take 15, 30, 45 or maybe even 90 days to pay. If you’re a new or growing business you may feel the financial crunch come payroll time or when you need to buy supplies for the next job.

According to numerous studies, inadequate working capital is the number one cause of business failure in America.

We can help by purchasing the invoices or receivables that you choose to sell us. There is no obligation to sell quick paying receivables or future receivables. Even when you do sell to us, the quicker your customer pays the less it costs you.

By contracting with Operating Funds LLC you’re under no obligation to sell us a single invoice. However, having your application approved and a contract in place will allow us to provide you cash much quicker when or if you do decide to sell.

Here’s an example of how it works if you’re already approved. When you’re ready to invoice a customer call or fax us the invoice along with some basic customer information. In most cases we will process your invoice within about 48 hours. Upon approval we’ll advance you an agreed upon percentage, usually around 70%, of the invoice. Your customer will receive a letter, prepared by us and signed by you, telling them to pay us directly. When your customer pays us, we’ll pay you the remaining percentage less our fee. Our fees are dependent upon how long the customer takes to pay, how much business you’ve done with us and the credit worthiness of your customer.

With Operating Funds LLC there is no minimum invoice amount nor are you required to sell us a minimum dollar amount of receivables every month.