Accounts Receivable Factoring for Service Companies

This listing is for a financial service provider specializing in Accounts Receivable Factoring for service companies. The service offers clients the ability to unlock cash flow by factoring their receivables, providing up to 85% of the invoice value. Credit lines can range significantly, from $10,000 up to $10,000,000, based on the client's receivables. The cost of factoring is competitive, with rates typically falling between 0.69% and 1.59% of the factored amount, or an alternative of Prime + 2%. Key benefits highlighted include no monthly minimums, no invoice minimums, and crucially, no upfront fees. The setup process for a new account is efficient, taking approximately 3 to 5 days. To qualify, prospective clients must submit a completed application along with supporting documents such as an accounts receivable aging report, a customer list with credit limits, articles of incorporation, purchase orders or rate confirmation agreements, and the invoices intended for factoring.