| Q. |
What is an Accounts Receivable Factoring Company? |
| A. |
An Accounts Receivable Factoring Company is a Company that purchases Invoices at a discount,in exchange for
immediate cash. |
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| Q. |
What is a Factor? |
| A. |
Factors are businesses who will pay cash now to receive future payments on your invoices. |
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| Q. |
What kind of businesses factor? |
| A. |
Eighty percent of businesses that factor today do so because they are in “Growth Mode". Factoring is a good fit
for young & rapidly growing companies who are not yet bankable. |
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| Q. |
Is Factoring a Loan? |
| A. |
No, it is not a loan; it is the discounted purchase of an asset & does not place a debt on the businesses
balance. |
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| Q. |
Does my Company need good credit to Factor? |
| A. |
No, If you sell products or services to creditworthy customers you may well qualify for factoring. |
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| Q. |
Is DFS a Non Recourse or Recourse Factor? |
| A. |
We are a Recourse Factoring Company which means, If your customer doesn’t pay for any reason
you are responsible for the invoice. |
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| Q. |
Are my receivables held as collateral? |
| A. |
Yes, DFS requires being in first position while you are factoring with us. |
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| Q. |
What kinds of Invoices "Do Not" qualify for Invoice Factoring? |
| A. |
If an invoice is pledged or encumbered or there are any liens placed on them. |
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| Q. |
How long does it take to process an application? |
| A. |
It normally takes 4-5 days to complete the application process. We usually complete the initial due diligence
within 1-2 days. |
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| Q. |
How long does it take me to receive money for the invoices I submit? |
| A. |
Sometimes the same day, if we receive your request by 10:00 am or no later than the next day. |
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| Q. |
Do I have to Factor all my invoices with you? |
| A. |
No, it's entirely up to you which invoices you Factor. |
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| Q. |
Do you offer any other services? |
| A. |
Yes, we offer Payroll Funding, Account Receivable Management & Credit Screening of your new
customers. |
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| Q. |
What does Invoice Factoring cost? |
| A. |
Worthiness of your customers and the volume of invoices you want to Factor. However, Small Business
Factoring Companies usually pay a Higher Rate because volumes are lower and their customer have more risk.
For a FREE Consultation, please call us at (800)
954-0012
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