The factoring rates charged by factoring companies can very by as much as 90% or more. The factoring firms will tell you that the rates are determined by several factors such as the amount in dollars that your company will factor and the credit quality of your customers. This if often very true, but another very important factor is the cost of funds the factor pays for the money they use to factor the customers they have. This is can create a very large difference in the factoring rates from one factoring company to another. While it is true that the risk in the typical factoring transaction is highly dependant on the credit standing of your customers it is only one of the components used in pricing a factoring relationship. Some of the other factors are the overall business plan, the integrity of the business owners, and the selling terms. The factoring companies need to make money and the amount that they can make is highly dependant on what they pay for funds. That is why its critical to check with several factor's before making a decision. You should not pay higher factoring rates simply because the factoring company pays a higher rate for the funds they use for funding clients.

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Our factoring rates range from a discount fee of less than 1% per month to a discount fee of 3.5% per month for factoring clients at $10 thousand per month. Below is just a few of our deal structures offered...

• Daily rates for clients with quick accounts receivable turn around.
• One time flat factoring fees for clients with longer payment terms.
• Per invoice factoring fee, plus interest for days outstanding.
•10 day factoring rate structures as low as .49%.

We can offer the most cost effective factoring solutions in the industry within minutes. We can provide factoring rate quotes with a quick review of your customer list and accounts receivables aging report. We don't need to view company financials or tax returns to provide a factoring quote. If your talking to a factoring company that is asking for personal financial statements, company financials, and tax returns just to find out what the factoring rates will be you should give us a call before wasting a significant amount of your time.
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Sample Factoring Deal Structure

Our factoring programs offer low factoring rates and advance rates between 80% to 99%. In the Medical and Construction factoring field the advance rate will typically be 70% to 75%. When the invoice is submitted for funding you will have funds electronically transferred to your existing checking account within 24 hours. The factor will then wait for payment from your customer. Once the payment arrives you will receive the remaining balance less the factoring charges. Example, you factor a $10,000 invoice and your advance rate is 90% with a flat factoring fee of 3%, you will get $9,000 from the factoring company immediately and $700 after payment arrives. The factor earns $300 in this example. Factoring rates vary by as much as 90%, so it will be worth your few minutes of time to check with us before paying to much for your accounts receivable financing.

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Can I afford the cost of factoring?

This is a questioned asked by most business owners with growth potential that are considering factoring. If you check with us and get one of the most competitive factoring rates in the industry, its very likely that the deal will make sense. Most successful entrepreneurs will look at the potential future additional sales opportunities that factoring can bring to the table. If all my customers paid in one day how would my business change? Could I receive supplier discounts by paying my vendors faster? Could I add additional sales by offering more flexible payment terms? The bottom line is that every business is different, but in most cases invoice factoring will improve cash flow which typically helps all companies perform better. If you can secure the most competitive factoring rates in the industry, then your even further ahead.

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