There are many concerns and questions our clients have when looking into an invoice factoring solution. For more questions about our funding program please call or request a call back. The following are the most frequent questions our clients ask.
Simply defined, factoring is the purchase of an invoice at a discount. Instead of waiting for 30, 45 or 60 days to get paid factoring allows a business to turn its existing and ongoing accounts receivable into available cash to be used to fund its operations.
Capital Credit provides financing for a variety of businesses. If your company is selling on Net Payment terms (N15, N30, N45 or N60) to commercial accounts, we may be able to finance your company. Capital Credit provides factoring to service related businesses such as transportation and temporary staffing companies as well as to manufacturers and distributors.
Each client program is individually tailored to meet their needs. Fee structures are determined by:
Capital Credit can typically approve your application the same day it is received. Once we have approved your company and we have received your signed documents and initial invoicing we can fund your business for the first time within a couple of days. The typical set up process takes a couple of days up to a week.
Your business can grow by offering credit terms or extended payment terms to potential customers and let us worry about financing the receivables.