By Factor Finders

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*Invoice Factoring is an alternative funding solution for

businesses. Instead of lending money at high interest

rates, factoring companies buy your outstanding invoices

and provides your firm with a cash advance in exchange.

The cash is derived straight from the bills your customers

haven’t paid, so there’s no limit on how much cash you

receive in return. With low fees, flexibility amongst

multiple industries, and high advance rates, factoring is

the answer to your cash flow dilemmas!

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*Your customers may be used to paying on extended 30, 60

or 90 day terms and through the factoring process, you’ll want

to continue servicing them. After you’ve provided the

products and/or services, you can choose whether you want

to wait for payment or submit the invoice to factor. If you

choose to factor, submit the invoice and customer

information to the factoring company. The relationship you

hold with your customers won’t end and isn’t altered in any

way when you decide to factor those invoices.

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*Now that your customer has been serviced,

their creditworthiness is checked for approval.

That’s one of the great advantages of factoring:

approval is based primarily upon your customer’s

credit standing, not yours. That means that even if

you’ve had financial struggles in the past, poor

credit, bankruptcy or are a newly established

company, your firm can still be funded.

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*Once your application is approved and your

customers are proven as creditworthy, your business is

advanced up to 90% of the invoice value. The

remaining portion is held in reserve until payment is

received. How your company utilizes that cash is up to

you. So if you need to buy new equipment, need to

cover payroll, or are trying to create overall growth for

your business, then you can do it all!

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*As your firm uses its newfound cash, the

factoring company engages with your customer to

collect payments. This is handled in a professional

and courteous manner in order to keep the

business relationship you have with your clients

intact.

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*A small percentage of the invoice amount is held

in reserve until your customer pays their bill

through the factor. Upon full repayment, the

factoring company will subtract their fees and

return the remaining balance to your company.

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*The invoice factoring process begins once you

contact Factor Finders and complete one of our

applications. You can call us at 1-855-FACTOR-1

and visit our website at www.factorfinders.com

today to begin!