The phone keeps ringing, the emails keep coming, but we need to agree on some basics.
A factoring company provides financing by making advances on your creditworthy commercial customer invoices. That’s it. An invoice is defined as a product or service work that has been completed (100%) and accepted as due by the customer. Nothing else.
– So if you need money to open a restaurant – can’t do that
– Need money for Anything related to real estate property – try google
– You’re an agent who wants money in advance of commissions – there are a few specialty places that do that, but generally commissions are not “invoices”.
– You have a contract but need up front money to get it going – sorry, no can do
– Your company has annual contracts and you want money today for funds that will be collected over the next year – might have a referral for you, but we can’t do it
– No equipment, no inventory, no proforma or pre-billing
– And we definitely cannot pay to help a relative of a deposed government official from a foreign land.