Invoice factoring is where you sell part or all of your invoices to the third party factoring company to increase cash flow and revenue stability to allow you the ability to continue growing your business. The factoring company will then pay you immediately and then receive the payments directly from your customer.
Our team of professionals strive to get you factored in as quickly as possible. Once we get you approved, we can fund you within 24 hours!
Our state of the art technology allows us to keep you up to date with your progress. With a direct login to our system, you can add new invoices at the click of a button.
We want you to enjoy your time with us. Which is why our team will work with you to make sure your experience leaves you feeling content and satisfied.
· A completed copy of the attached application
· A copy of your Articles of Incorporation · A copy of your 2020 corporate financials and YTD for 2021
· A copy of your most current accounts receivable aging report
· A copy of your most current accounts payables aging report
· A completed copy of the attached application
· A copy of your Articles of Incorporation · A copy of your 2020 corporate financials and YTD for 2021
· A copy of your most current accounts receivable aging report
· A copy of your most current accounts payables aging report
· A copy of your last month’s corporate bank statement
· A copy of your customer list to include correct business name, address and phone number
Example: Manufacturing Company A decides to factor a $100,000 invoice from its customer to get cash to pay their bills. Culain pays an advance at 90% worth $90,000 and collects that invoice payment for the its client Manufacturing Company A. Once the payment has been collected Culain, Culain pays Manufacturing Company A the remaining 10% or $10,000 minus 1.5% or $1,500 factoring fee.
Are you thinking about using factoring but are worried the cost may be to much? Here is an example of how factoring costs can be offset. Many vendors will provide discounts anywhere from 1% to 10% when paid within 10 days. By utilizing factoring and paying your vendors early, you increase your credibility with your vendors while also having the potential to save money.
Culain Capital Management LLC
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