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Advances & Factoring Cost

  • 90% Advance Transactions
  • All new clients start factoring at an 80% Advance (see below). However, at our discretion, and after we have had sufficient collection experience to demonstrate that your customers pay their invoices within 60 days, maximum, you will be given the option to receive a 90% advance when you release your invoices on our extranet for us to process. But each transaction, for which you request a 90% advance, must meet all of the following conditions:
    • The total transaction amount, meaning the total of all invoices making up the transaction, 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 conditions 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%.

    Fee Plan Table
    Plan 1
    Minimum Transaction Value $50,000
    Minimum Invoice Value $10,000
    Customer Financial Strength AAA
    Plan 2
    All Other Transactions
    Factoring Fee & Rebate Table
    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%
    Hypothetical Example
    Fee Plan Plan 2
    Transaction Amt $10,000.00
    Advance Amt $8,000.00
    Collection Period 21-30 Days
    Fee 4%
    Fee Amt $400.00
    Rebate 16%
    Rebate Amt $1,600.00
    Rebates are funded daily, as available
  • 80% Advance Transactions
  • All new clients start factoring at an 80% advance rate.
      There are 2 Fee Plans for 80% Advance Transactions
    • Plan 1 - Large Transactions & AAA Credit Customers Only
      • $50,000 minimum transaction value
      • $10,000 minimum individual invoice value within each transaction
      • Customers must have AAA Credit
    • Plan 2: All other transactions.
  • Rebates - only available for 80% Advance Transactions
  • By advancing 80% of the value of each factored transaction, we actually purchase your invoices at a 20% discount from face value. The discount consists of our factoring fee and your "Rebate," which is your share of the 20% discount, the calculation of which is based upon the collection period, and is detailed in the Fee & Rebate Table below. As you can see, the sooner your customers pay, the higher your rebate and the lower the factoring fee.

Click Here to View Fee & Rebate Table

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