Helpful
information about
changing accounts receivables funding
companies.
What do I
need to know if I want
to change accounts receivable factoring
companies?
Here are the answers to these
questions and more:
What is a UCC and how does it apply
to me wanting
to change account receivables funding companies?
It is standard industry practice
for a factoring company to file a blanket Uniform Commercial Code (UCC) to
secure the factor’s first position security interest on the invoices funded.
To change account receivables factoring companies the old factor
must be paid off by the new
factor.
Simultaneously the old factor’s lien is released
and the
factor’s lien is filed which is
similar to refinancing your home.
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Imagine flexbility that no one else offers. Unlike the others, you choose what works best for you; you sign no long-term contracts; you pay no fees when your account is inactive. You set up your contract to meet your cash flow needs, not ours. You can choose between using our most advanced technology or using the old-fashioned systems - we maintain both for you. Unlike the others, our objective is not to force you to conform to us, but to get you the cash you need in the
quickest and most efficient manner.
We offer cash advance rates of up to 97% -- exceeding accounts receivables funding industry norms by 20%. The typical maximum in the invoice factoring industry is 70-80%. We can offer these great rates because of our unique and flexible combination of bank and private financing.
Our same day funding policy gets cash out to you within 12-24 hours. You have the cash when you need it, which will help keep your business moving.
Please contact us today and our seasoned invoice factoring professionals will help you get the cash you need today.
- Call us at 1-800-986-1859, or
- Email us, or
- Complete the Online Invoice Factoring Request Form
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