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Capital Note Exchange
You can contact us 24/7 by phone.
Call us at (866) 931-5846
We accept all calls live 24 hours a day 7 days a week
or email us at Capitalnoteexchange@Yahoo.com
Business Factoring Services
- Factoring
- Business Factoring
- Invoice Factoring
- Trucking Freight Factoring
- Frequently Asked
Questions
-
ADVANCE RATE
Amount of money provided immediately to the company
factoring its Accounts Receivable expressed as a percentage of the
total invoice amount. Advance Rates usually range from 75 to 95%.
DISCOUNT FEE
Interest rate charged to the company factoring its
Accounts Receivable. Discount fees are a flat fixed percentage of the
total invoice amount no matter how long the customer takes to remit
payment.
FACTOR
A factor is a company that provides operating capital to
businesses by purchasing their Accounts Receivable.
RESERVE OR HOLDBACK
Amount of money that is not immediately provided to the
company factoring its Accounts Receivable expressed as a percentage of
the total invoice amount (Advance Rate + Reserve = 100% or Total
Invoice Amount). This money is transferred to the factoring company
once payment is received by the factor.
What is Business factoring?
Do you have clients that take 30, 50 or 60 days to
pay their invoices?
Although having slow paying clients is expected in
today’s business
environment, they make managing your cash
flow a very difficult task. Paying suppliers, salaries and
rent becomes
a challenge.
However, there is a way that we can help your business
to
solve this problem. Capital
Note Exchange can get your business up
and
running by assisting you in getting your business
qualified for business
factoring of your company's business
invoices.
Factoring is a financing tool that can help you to get all of your invoices paid in as little as 2 days. It provides your company with the necessary capital to operate your business, pay your suppliers and to help your business to grow. However, factoring is not a business loan. Rather, factoring involves selling your invoices at a discount for immediate cash. Our business factoring service waits to get paid, while you get the immediate use of the funds.
Invoice factoring can easily be integrated into any business and it works as follows:
- When ever you deliver any goods, products or services you create or make what is called an invoice.
- Now You can sell those invoices to a company that does factoring.
- They will then give you the first installment of 70% to 90% of your
- This is called the advance.
- Well now instead of waiting 30 to 60 days for your invoices to all clear. Your company can now get the funds that you need to operate your business
- Once your customer(s) pays our factoring services, you get the second installment (of 10% to 30%) and are charged a small fee for the transaction. This is called the rebate
Although accounts recievable factoring costs vary and are based on transaction size and timing, the average cost of a transaction is usually between 1.5% to 3% of the invoice per month.
One major advantage of business factoring is that it is easier to obtain than a business loan. Furthermore, Capital Note Exchange can have your financing line set up in about a week, and the biggest requirement for approval is that do you business with credit worthy clients.
-
Increased cash flow!
Cash tied up in accounts receivable is now in your hand to fuel business growth. -
Faster growth.
Eliminating the need to wait for customers to pay speeds up your business cycle. -
Improved financial position.
Factoring frees up cash for you to reinvest in your company and reduce debt. -
Combat seasonality.
Factoring allows you to smooth out cash flow peaks and valleys. -
Not a form of equity.
Factoring does not require a transfer or dilution of ownership. -
Not a loan or form of debt.
Factoring will not affect your balance sheet negatively. -
Flexibility.
You decide how much and how often you want to factor.
Below are the various types of industries that we can provide our invoice factoring services for :
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