If you're not familiar with Factoring Accounts Receivable, check out the following questions and answers. If you still have unanswered factoring accounts receivable questions, don't hesitate to call me at Caps Funding, LLC. Dial (803) 429-3686 or email me today! I would love to talk to you about the possibility of working together.
Factoring Accounts Receivable is the sale of unpaid accounts receivables, or invoices, to a third-party. In this scenario, the third party is a "factoring" company.
Invoice factoring and factoring accounts receivable are synonymous. They mean exactly the same thing.
Your business can gain almost immediate access to cash by using accounts receivable factoring. For most businesses, their accounts receivable will not be paid by their customers for 30, 60, or 90 days. The sale of these accounts receivable to a factoring company provides cash that can be used if any way the business chooses.
The first step in this short process is to set up an account with Caps Funding, LLC. This is simple -- just dial (803) 429-3686 to speak with Charles Gee, owner of Caps Funding. This call will start the process. Once your account has been established, you send the accounts receivable that you wish to sell to Caps Funding. You will be immediately provided cash against the future payment of invoices. The balance is rebated to you once Caps Funding collects payment on receivables from your customers. The factoring fee is deducted from the rebate.
The factoring fee depends on industry, dollar value of invoice, creditworthiness of the company's customers, and volume of business. Typically, the fee is a small percentage of the total value of the invoice. The terms will be written prior to executing our agreement. Caps Funding can advise you on how to minimize fees.
New accounts can be set up in 2 - 3 working days. Once an account is established, new advances can be funded in under 24 hours. I take pride in how fast I am able to get your business cash!
Factoring is available on business-to-business transactions (B2B). The transaction between your company and your customer must be completed, delivered, and accepted. Caps Funding will evaluate the creditworthiness of your customer, which helps your business to avoid extending terms on potentially risky business.
Definitely not! You select which accounts receivable you want to factor. Of course, Caps Funding only wants to factor creditworthy accounts. If you need help deciding which accounts receivable will help you the most, ask me for suggestions.
I help many companies that have no credit or poor credit. The creditworthiness of your customer is what matters to Caps Funding.
After Caps Funding has paid your company an advance on a receivable, your customers send their payments directly to Caps Funding. Once those customers have fully paid their receivable, the remainder of the reserve balance will be forwarded to your company.
Your customers are valued and will be treated with professionalism. I want you to succeed and grow! Caps Funding is not a collection agency. I maintain your customer satisfaction, just as you would.
Factoring is the purchase of receivables, which enables your business to access working capital without incurring a debt obligation. Factoring is NOT a loan. A bank approves loans based on a company's financial information, credit history, and assets. Conversely, Caps Funding only looks at the creditworthiness of the customers paying on receivables. Caps Funding can say “yes!” when banks say "no.” What's more, I can make an agreement in days, rather than weeks or months that banks require to approve a loan.
Pick up your phone and call (803) 429-3686! Charles Gee at Caps Funding, LLC will answer the phone and assist you.
