Getting Started

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IS FACTORING RIGHT FOR YOU?
Compared to leasing, government backed loans, bank loans, private investors, going public or accessing other forms of venture capital, factoring offers:
	the simplest application – only a private investor who already knows and trusts you could make it simpler.
	the shortest time to funding – factoring usually takes from 2 to 10 days. Other financing options may take from 15 to 270 days.
	no loss of control – if you go public, receive venture capital, get a government secured loan or even borrow from a private investor you’ll have to conform to their conditions for funding.
	no minimum time in business – most other forms of financing aren’t available to you unless you’ve been in business for awhile.
	financing based on your customers credit – since your customer is the one paying us, we’re mostly concerned with their ability to pay, not yours. Other financing options require you to have established and reliable credit.
	no limit based on the value of your assets – other options may use your equipment, real estate, cash etc as collateral. There’s no collateral needed when we buy your invoice.
	financing not dependent on profit – we’re the only form of financing that doesn’t require your business to be making a profit. Factoring isn’t a loan, we’re buying an asset from you in the form of an invoice.
	no commitment to finance a certain amount – with a loan and even with some lines of credit you must state how much you need at the time of the loan. With factoring you sell us the receivables you want to sell when you need cash so you pay only for the money you need.
	no loss of equity – if you go public, access venture capital or sell ownership in your business to a private investor, you’ll give up some of your ownership. With factoring you convert one asset, accounts receivable, into another asset, cash.
	access to a higher percentage of the asset value – with factoring you’ll be advanced around 70% to 80% of the value of the invoice. Most loans are made for about 50% of the collateral value.
	lower financing fees – because we’re buying an asset, not making a loan, there’s no need to do appraisals, title searches, monitor your business or charge origination fees.