FACTOR KING® was established with a few simple goals in mind- combine "Old World Factoring" with "New Age Thinking". Our Mission to provide crucial funding to small and middle tier companies that may or may not have access to adequate bank financing is responsible for our success. Through our leverage of various technologies our systems and procedures provides fast and accurate factoring, simple order processing, and ease of use allowing our clients to focus on building their core business. Client growth is how we measure our own success. Become part of FACTOR KING® today!!
FAQs
Frequently Asked Questions
FAQs
There are currently 12 FAQs in this directory
Can I use factoring alongside a bank line of credit?
In many cases yes, but it depends on existing liens or agreements. Our team will review your situation and coordinate if needed.
Do I need to factor all of my clients with FACTOR KING?
Absolutely not, you choose only the clients you would like to factor. The choice is always yours.
Do I need to factor all our invoices?
No, FACTOR KING is somewhat unique in the sense that we never require our clients to factor all of their invoices. You get to pick and choose which ones if any you would like to factor.
Does my business qualify for factoring with FACTOR KING?
Almost every business that has commercial accounts receivable can qualify. Our guidelines are very simple: if you maintain receivables from other businesses and those receivables are with credit worthy customers you probably qualify. Any size invoice can be funded, provided the service you offer, or the product you sell has been completed and delivered.
How fast can I receive funding?
In most cases FACTOR KING is able to complete funding within 24 hours.
How much of an advance can I expect to get against my receivables?
FACTOR KING advances up to 80% of the face value of your invoices. Your particular situation may allow us to advance even more. So what are you waiting for? Apply now!- it's free! And there is no obligation!!
How much will it cost me?
FACTOR KING provides direct funding so you will realize immediate savings with our ultra competitive rates. Allow us to prepare a term sheet for you by clicking on our Apply now! form.
Is factoring a long-term commitment?
Commitment? No! Relationship? Maybe. Although, many clients use factoring temporarily to manage growth or seasonal cash flow, others integrate factoring as part of their long term business model.
Is Factoring considered a loan?
No, factoring is not a loan. Factoring is the purchase of a company's accounts receivable as opposed to a loan that creates debt on the balance sheet. You are simply speeding up your cash flow with factoring by utilizing an asset your company already has.
So how do I get started?
Well it's easy. We have streamlined the entire approval process and most accounts are established within 72 hours for immediate payments. Just click on the apply now link on the menu above. Enter some basic information about your company. It's free! And there is no obligation!
What industries do you work with?
We provide factoring services across a wide range of industries including transportation, staffing, manufacturing, distribution services and many others.
What will my customers think?
Factoring has become very common and most companies realize that rapidly growing companies require more working capital than traditional banks can provide. It is very likely that your customers have already sent payment to a factor in the past. Some large firms use factoring without any negative implications to show cash on their balance sheet rather than an account receivable entry, money owed from their customers, particularly when these show payments being due for extended periods of time beyond 60 days.
