The Big Difference
All other factoring companies must receive your paper invoices prior to funding.

But what if you are not in a position or location to create paper invoices? You might be working on a job site or in the field away from your office, traveling, on vacation, etc.? The answer: you probably won't be funded.

Our powerful Factoring Extranet is a virtual office where you, your customers, and our staff work together in real time. The result? Faster funding.

Document Management Virtual Filing Cabinet
Your documents that support your legal right to invoice your customers must be stored in our Virtual Filing Cabinet. There are 2 ways to store them:

Fax paper documents using our barcoded fax cover sheets, or

Upload scanned paper documents or computer files, such as PDFs, Word documents, Excel spreadsheets, etc.

Our Unique Approach
The staff of other factoring companys' collection departments spend all of their time making verification & collection phone calls to their clients' customers. Our verification process involves the use of automated emails to the customer contact decision maker which navigates him or her to a verification web page where he or she approves the invoices in question. Collections are similarly automated. Phone calls are rarely necessary.

Creating factored invoices in any accounting system, including Quickbooks®, will cause an initial imbalance. Appropriate adjustments must be entered reflecting the sale of the receivable asset, etc. We display, on your Wires web page, the manual adjustments we suggest you enter so that your books always balance, free of charge. This eliminates the neccesity of making a massive year end adjustment, saves accounting fees, and is another 21st Capital Corp exclusive.

90% Advance Transactions:
At our discretion, you will have the option of receiving a 90% advance when you release your invoices on our extranet for us to process, for any transaction which meets all of the following tests:
 Total transaction, including all invoices, must be $10,000 or greater
 All invoices must have Net 30 day terms, or less
 The customers being billed must have AAA credit
If all these tests are not met, a 90% Advance will not be available, and the transaction will be processed with an 80% Advance (see below). Rebates are only available for 80% Advance transactions and are not applicable for 90% Advance transactions. The Factoring Fee for 90% Advance transactions is a flat 10%.

80% Advance Transactions:
Rebates:
By advancing you 80% of the value of each factored transaction, we actually purchase your invoices at a 20% discount from face value. The discount is comprised of our factoring fee and your "Rebate," which is your share of the 20% discount based upon the Fee Plan and the collection period (see table, below). The sooner your customers pay, the higher your rebate and the lower our fee.

Fee Plans:
Plan 1 is reserved for $50,000 transactions, or greater, with a minimum invoice value of $10,000, and highly creditworthy customers. All other transactions are classified as Plan 2.

Rebate & Factoring Fee Table Rebates are funded daily, as available
	Fee Plans
Collection Period	Plan 1		Plan 2
Number of Days	Rebate	Fee	Rebate	Fee
1 - 10 Days	19%	1%	18%	2%
11 - 20 Days	18%	2%	17%	3%
21 - 30 Days	17%	3%	16%	4%
31 - 40 Days	15%	5%	14%	6%
41 - 50 Days	13%	7%	12%	8%
51 - 60 Days	11%	9%	10%	10%
61 - 70 Days	9%	11%	8%	12%
71 - 80 Days	6%	14%	5%	15%
81 - 90 Days	3%	17%	2%	18%
Over 90 Days	0%	20%	0%	0%
21st Capital Corp is the only factoring company that publishes its factoring fees

Hypothetical Example:
Assuming a $10,000 transaction, Plan 2 & a 30 day collection period, your initial advance will be $8,000, our fee will be $400 and you will receive a rebate $1,600, or a total of $9,600, including the advance. Of course, the rebates & fees for your transactions may differ.