Transactional Invoice Factoring

 

We factor invoices on a transaction-by-transaction rather than an invoice-by-invoice basis. You may submit one (1) transaction per day consisting of any number of invoices. Your customers will remit payment to us. We will classify each transaction as either Factoring Program "A" or "B." Program "A" is our standard program and Program "B" is rather rare.

 

The advance regarding Program "A" transactions is 80%. Additionally, you will receive a "Rebate" of your share of the unadvanced 20% after we have received collections sufficient to close specific transactions.  

For example, if we collect 84% within 21-30 days of the funding date regarding a hypothetical transaction, it is deemed "closed," because 84% covers the advance we paid to you and our factoring fee of 4%, which is applicable to a 30 day collection period, pursuant to the Factoring Agreement. Therefore, your cost would be 4% and your total cash is the sum of the 80% advance + your 16% rebate, or 96% in this hypothetical transaction.

 

However the closing periods, factoring fees and Rebates can vary from the above hypothetical.

Transactional Invoice Factoring

 

We factor invoices on a transaction-by-transaction rather than an invoice-by-invoice basis. You may submit one (1) transaction per day consisting of any number of invoices. Your customers will remit payment to us. We will classify each transaction as either Factoring Program "A" or "B." Program "A" is our standard program and Program "B" is rather rare.

 

The advance regarding Program "A" transactions is 80%. Additionally, you will receive a "Rebate" of your share of the unadvanced 20% after we have received collections sufficient to close specific transactions.  

 

For example, if we collect 84% within 21-30 days of the funding date regarding a hypothetical transaction, it is deemed "closed," because 84% covers the advance we paid to you and our factoring fee of 4%, which is applicable to a 30 day collection period, pursuant to the Factoring Agreement. Therefore, your cost would be 4% and your total cash is the sum of the 80% advance + your 16% rebate, or 96% in this hypothetical transaction.

 

However the closing periods, factoring fees and Rebates can vary from the above hypothetical.