Q: What is factoring? How does it work?

A: Factoring is the purchase of accounts receivable for immediate cash. Once you have delivered a product or performed a service for a creditworthy corporation or institution, contact us prior to sending your invoice to your customer. We will confirm with your customer that the work has been completed or the goods delivered and accepted, we will advance you up to 70% (up to 60% for the construction industry) of the face value of the invoice amount in cash. When your customer pays us, you will receive the balance less our discount.

Q: Do I need accounts receivable financing?

A: Yes...if you are a new business. YES...if you are a business that can't get traditional financing, such as a small or medium size business or a minority or woman owned business. YES...if you need additional operating capital. YES...if you want to solve your cash flow problems.

Q: How do I qualify?

A: We base our credit decision on the strength of your customers, not you. It's easy to qualify if you meet the following criteria: Your customer must be another (creditworthy) business. Your invoice must be a valid one for goods sold and delivered or services rendered...to your customer's satisfaction. We will verify each invoice with your customer.

Q: What does it cost?

A: The discount fee starts at 4% and is determined by the number of days that elapse from the day we advance funds to you until the day we are paid back by your customer. And, we earn our fee only after we have collected payment on an invoice..not before.

Q: How will I know which invoices are paid and which are not?

A: You will have your own account executive at our office, whom you can call at any time for updated information. Just request an "Aging Schedule" which will show you which invoices have been paid and which remain open.

Q: How fast can I get money?

A: In many states it takes as little as one week (or less) to get on-line. Once on-line, we can fund your invoices within 24 hours (once we receive verification of your invoices).

Q: How do I get started?

A: In order to get you on-line, submit your Accounts Receivable Aging Schedule as well as a customer list. Once we analyze your receivables and express an interest in proceeding with your funding, we need you to fill out a 2-page application as well as a copy of your Certificate of Incorporation and a $750 check made payable to Quantum Corporate Funding, Ltd. in order to do lien searches, etc. It's that simple!