What is factoring?

Factoring is the purchase of your accounts receivables (invoices) in exchange for cash; providing you with the working capital you need, when you need it. Factoring is a widely accepted business practice used by companies of all sizes and types.

In most cases, we fund in seven days from receipt of completed documents and confirmation. Once you’ve established your account, the process typically takes 24 - 48 hours.

How does FCF’s service work?

• You deliver your product or render your services to a customer.
• Invoice as usual.
• Send copies of all invoices to be funded to your FCF Account Executive.
• We verify the invoice information and fund, typically within 24-48 hours after receipt of your invoices.

Do I need to provide FCF with financial statements or an audit of my books?

No, the only information we need is in our application.

For what types of receivables will FCF pay me cash?

With few exceptions, any type of receivable where a service has been rendered or a product delivered to another credit-worthy business or government agency.

How much cash will you give me for an invoice?

Normally we advance you 70% to 80% of the invoice amount right away. When we receive payment for the invoice, we send you the remainder less FCF’s factoring fee.

What will my clients think?

Most of your customers won’t care — they are interested in making sure the produce/service they ordered is paid for and recorded as being paid. Prior to any contact with your customer, we’ll discuss your options — who is paid, where payment is sent, the name on the check, etc.

I have clients all over the U.S. Are there any geographical restrictions?

No, we can work with any credit worthy business or government agency in the United States.

What if my client doesn’t pay?

In most cases, FCF does not require a personal guaranty of collection. If your client’s business goes bankrupt and payment is not remitted within the agreed upon period, FCF assumes the loss of funds that we advanced to you. If payment is not remitted due to a dispute with you, we will work with you to reclaim funds.