HERE ARE THE ANSWERS TO THE MOST FREQUENTLY ASKED QUESTIONS:
A Yes that's exactly what we do;we are not lenders. We make an outright purchase of the financial rights to invoices.
Q DO YOU BUY OUR ACCOUNTS RECEIVABLE?
A Just about any valid receivable for a service performed or a product delivered (confirmation with our requirement).
Q WHAT TYPE OF RECEIVABLES DO YOU BUY?
A We don't require a financial statement . We don't require an audit of your books. We don't require any long or short term contracts.
Q WHAT ARE SOME OF THE THINGS NOT REQUIRED OF ME?
A The same way you collect: by invoicing your client for the work completed.
Q HOW DO YOU COLLECT?
A No. sell us one invoice. Walk away and never come back. Or come back as often as you like.
Q DO I HAVE TO AGREE TO SELL FUTURE INVOICES?
A Yes. 25% of all invoices we buy are government-related receivables. We have vast experience in this specialized type of factoring.
Q WILL YOU PURCHASE RECEIVABLES TO GOVERNMENT AGENCIES?
A Not one of the firms we've serviced has ever lost one dollar because of its relationship with us. When you factor with us, you'll never have a problem with your clients provided you can answer the following two questions "yes". 1. Have you delivered the goods or services required of you? 2. Is the invoice amount correct and due and payable as rendered?
Q WHAT'S MY CLIENTS REACTION WHEN I SELL MY ACCOUNTS RECEIVABLE?
A You're ready to invoice your client. The face amount of the invoice can be $100 (it could be $200,000) Call us. Indicate your desire to turn the invoice into immediate cash. Get the invoice to our office ready to bill to your client. We process the invoice in 24 hours. Then, we advance you 70% of the invoice amount. When we receive payment, we send you the remaining 30% minus our fee.
Q CAN YOU GIVE ME AN EXAMPLE OF HOW IT WORKS?
A We publish our rates so that our clients know exactly what each transaction will cost. Rates are available upon request.
Q WHAT WILL IT COST ME?
We bill on client letterhead only.