What is Factoring ?
Factoring is a way for businesses to get extra liquidity in the form of funding by selling their invoices to a third-party at a discount. Factoring is also known as Invoice Factoring or Debt Factoring. In other terms factoring is an understanding between the factor and the client, in which the factor purchases the client’s account receivables and pay 80%-90% of the sum immediately, at the time of entering into the agreement. The factor pays the balance sum, i.e. 10%-20% of the amount which includes finance cost and operating cost, to the client when the customer clears the debt.
How to apply ?
It’s very easy to do. You may fill the Application Form on the website, send us email or call us.
Is there any upfront fee ?
No, there is no upfront fee.
How long does it take after application ?
We generally respond by 24 hours (excluding holidays), after you apply.
How much advance can be availed against invoice(s) ?
We are committed to provide you with maximum liquidity. Hence 90% of the invoice(s) value can be taken as advance.
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6200 S Harding St, Indianapolis, Indiana (IN) USA - 46217
Phone: (+1) 317 772 2777