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Factoring for engineers.  Is your engineering company suffering with cash flow? Our flexible invoice factoring and accounts receivable financing products are designed to help engineering companies solve their cash flow problems quickly by funding their unpaid commercial invoices. In fact, with factoring you can go after those customers that were asking for credit terms of up to 90 days but you were hesitant to offer credit. Factoring can provide consistent capital on aged invoices with credit terms of up to 90 days.

THE PROCESS IS A SIMPLE ONE

• Complete the simple application process (online)
• Get approved (Documents are then signed)
• You submit invoices (Invoices are verified)
• Funds are deposited into your bank account

Below are a few of the other advantages for engineers: 

• Hassle-free application to funding process
• Ideal for companies billing their customers on credit terms of up to 90 days
• No more waiting 30 to 90 days to get paid by customers
• Meet payroll and general operating expenses
• By offering credit to your customers you can secure more customers
• Non-recourse option available (Ask for more information)
• Protection from bad debt with our non-resource option
• Receivables line of credit option (more information below)
• Invoice factoring in the millions for your company's continued growth (availability as you grow)
• Facilities tailored to fit the funding requirements of our client
• High advances on receivables
• Very competitive and attractive rates
• Flexible terms
• We specialize in Vendor Management Systems (VMS Systems)
• Complete access to your account via our secured online portal
• Perform free credit checks on new customers 24/7
• Invoicing and collection services included
• Funding for well-seasoned companies and startups
• Plus other benefits

RECEIVABLES LINE OF CREDIT

Our receivables line of credit option is called a ledgered line of credit, which offers engineering companies many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of their latest financials or an audit. A ledgered line of credit has no such restrictions.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

• No audit requirements
• No restrictive financial requirements
• No restrictive covenants
• No financial ratio requirements
• No concentration restrictions
• No long application to funding process
• Plus other benefits

For more information about our invoice factoring or receivables line of credit, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.

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