A formal term proposal will be submitted to you, usually within 24 hours, for your review before the actual due diligence process is finalized. Once the fact checking process has been completed, a Factoring contract will be delivered to you. The entire procedure takes 3 - 5 business days depending on how fast you react to a request for documentation. For any questions or concerns, call us toll free with no obligation at 877-386-3255 and 416–574-4788 locally or fill in this form. Some highlights of our Factoring policies: - Allowances in discount rates are made for each set of circumstances including larger volumes, funding commitments and growth potential;
- Usual discounts are 2.0-3.0% for net-30 invoices;
- Advance 80-90%, reserve = remainder less discount paid when collected;
- Funds are deposited directly into your bank account unless otherwise directed;
- Each invoice handled independently, not batched;
- Reserve amounts dispersed every Friday or earlier upon request;
- You continue to prepare invoices, we forward them to your customers;
- Client can retain day-to-day collection relationship with customers if so desired;
- No long-term commitment, no minimum term;
- Government invoicing accepted;
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