You have questions. We have answers.
1. What is Factoring?
2. AAA will consider paying cash for what type of invoiced account receivable?
3. Is Real Estate collateral needed? NOT NEEDED!
4. How much paperwork is necessary and how long do I have to wait?
5. Will Factoring make my customers/clients nervous?
6. How much cash can I expect to receive for an invoice?
7. Do I have to sign long term contracts?
8. What if I only want to factor part of my invoices?
9 What if the bank says NO?
10. Does it matter where my customers/clients are located geographically?
Q. WHAT IS FACTORING?
A. Simply stated factoring is the selling of an asset (accounts receivable invoices) to a factoring company for access to working capital cash flow. Factoring allows businesses to sell outstanding invoices generated by product distribution or services rendered. Factoring companies pay immediate cash in exchange for invoices that may otherwise be tied up for a 30, 60 or 90 day waiting period.
Q. AAA will consider paying cash for what type of invoiced account receivable?
A. Any type. [with few exceptions]
Q. Is Real Estate collateral needed?
A. NOT NEEDED! No! Real estate is not used to collateralize this financing. Factoring is Debt-Free funding. Selling your accounts receivable invoices to a factor rather than borrowing from a bank, simply converts one asset [accounts receivable] into another asset [cash] creating no debt and no monthly payment.
Q. How much paperwork is necessary and how long do I have to wait?
A. One of the significant benefits of this type of alternative financing is that it is Quick, Simple, and requires Minimal Paperwork. From receipt of application documents you can expect a proposal within 24 hours and funding in less than 5 days for most factoring. [Medical & Construction Factoring takes a little longer]
Q. Will Factoring make my customers/clients nervous?
A. Many clients are familiar with Factoring. In fact, some of your clients may be factoring already. Factors are not bill collectors and do not destroy client relationships.
Q. How much cash can I expect to receive for an invoice?
A. You will receive one hundred percent minus a small discount fee - Usually 70-80% up front. Upon the receipt of payment on the invoice(s), from your customers, we send you the remaining 20-30%, less a small discount service fee.
Q. Do I have to sign long term contracts?
A. You are not contractually obligated to a fixed amount or time period.
Q. What if I only want to factor part of my invoices? What funding flexibility do I have?
A. We offer a flexible funding program that can be increased as your sales increase and as invoiced receivables cycle.
Q. What if the bank says NO? Or we have some business credit set-backs?
A. Converting invoices into cash is what factoring is all about. The Factor is most interested in the credit worthiness of your invoiced client(s) to qualify for factoring – not your credit rating.
Q. Does it matter where my clients are located geographically?
A. No. Most Factoring companies work with any invoiced business
Q. Who can I contact today to find out if I qualify?
A. Your business can request a FREE accounts receivable quote by contacting:
888-241-8134 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it