How do I get started with factoring?

To get your invoice factoring account set up with CFIC Funding is fast and simple. It starts when you complete your simple application form and then return it to us via fax or e-mail.

You may call us to obtain our simple application and discuss your specific situation with us.

When we receive the application, your account can be approved in a day or two. We will then overnight the documents to you, which you only need sign and overnight back.

Fax the invoices you wish to start with when you send the application so we can do our credit work while the documents are being signed.

And remember, there is no cost to set up your account. And there is no obligation until we fund a transaction.

The Truth About Factoring — Unwrap the Cash Held Up In Your Accounts Receivable

What is factoring?

How does factoring work?

Is Factoring For You?

Best of all, when you use CFIC Funding, Inc., you’ve added a group of business professionals to your team whose expertise can benefit you far beyond just financing. So, if you’re ready to move your business to the next level, call CFIC Funding at 310-421-7370 today.

Is Factoring For You?

Do you extend credit or payment terms to your customers? If the answer is yes, then you can benefit from factoring your invoices.

Factoring deposits the money in your bank account today that you will collect from your customer in 30 days or more. This stepped up cash flow can be your lifeblood as it allows you to:

  • Grow – You have the financial means for an almost limitless increase in sales and opportunities.
  • Tackle the Big Ones – Now you can go after the accounts and contracts you previously thought were “out-of reach.”

Factoring is a great choice for service companies and manufacturers who have solid customers but only limited resources to front the needed expenditures for 30 to 40 days until payment arrives.

Do you answer YES when you ask yourself any of these questions?

  • Is your cash handcuffed by unpaid invoices?
  • Is payroll a large expense for you?
  • Are you expanding but often juggling cash?
  • Have you been in business only a short amount of time?

Then factoring is a great solution for you and the best decision you can make for your business!

Call us to discuss your financing needs. We are happy to review the various financing alternatives available so you can make the best decision that fits your unique situation.

The Truth About Factoring — Unwrap the Cash Held Up In Your Accounts Receivable

What is factoring?

How does factoring work?

How do I get started with factoring?

Find out why CFIC Funding, Inc. is where small and middle market business owners turn for successful funding solutions––move your business to the next level now, call CFIC Funding at 310-421-7370 today.

How Does Factoring Work?

Factoring is very clear-cut, easy-to-use and trouble-free process. When you wish to factor invoices or accounts receivable, you send them, as well as your supporting documents, by fax and mail the originals.

The lender will then advance you between 80% and 90% against these invoices or accounts receivable by sending a wire transfer directly to your secure bank account. When collection is received from your customer,  the lender retains the amount originally advanced plus a fee, and returns the balance to you.

CFIC Funding, Inc. offers a combination of flexibility and is your experienced financing partner.

  • No contract term – You can stop factoring at any time you choose
  • No Minimums – You have no obligation to factor invoices. You can do it one month and not the next.
  • Fair Terms - Flexible advance percentage and reasonable rate structure.
  • Personal Service – You always deal directly with a decision maker who tries to accommodate your needs.

Call us to discuss your financing needs. We are happy to review the various financing alternatives available so you can make the best decision that fits your unique situation.

The Truth About Factoring– Unwrap the Cash Held Up In Your Accounts Receivable

What is factoring?

Is Factoring For You?

How do I get started with factoring?

Find out why CFIC Funding, Inc is where small and middle market business owners turn for successful funding solutions––move your business to the next level now, call CFIC Funding at 310-421-7370 today.

What is Factoring?

Factoring is a fast, reliable and often under-utilized method of financing which significantly improves a company’s cash on hand.

A business can often find itself in a cash flow bind by offering credit to their customers for 30 days or more yet, still have to regularly pay certain expenses, particularly payroll. This problem can only get more stressful as sales grow. When factoring, your invoices are used as collateral for short-term loans that provide you with immediate cash to meet these obligations.

There are several advantages and benefits to invoice factoring.

  • Increases the cash available to you
    Factoring often provides more cash than bank lines of credit.

  • No random line of credit amount
    You borrow based on your sales so you’re always set up to finance your growth
  • Cash on hand is more predictable
    By speeding up your cash flow, factoring makes it easier to control your cash since your income is more predictable than not knowing when the customers payments will be sent.
  • Greater control of your cash by factoring
    You can factor only those invoices you want, when you want.  Usually, there is no minimum factoring level or commitment to factor in the future.

  • Improved credit evaluation
    Factors can provide credit reports and expertise in helping to assess new customers or changes to existing ones.

The Truth About Factoring — Unwrap the Cash Held Up In Your Accounts Receivable

How does factoring work?

Is Factoring For You?

How do I get started with factoring?

Best of all, when you use CFIC Funding, Inc., you’ve added a group of business professionals to your team whose expertise can benefit you far beyond just financing. So, if you’re ready to move your business to the next level, call CFIC Funding at 310-421-7370 today.

The Truth About Factoring

Unwrap the Cash Held Up In Your Accounts Receivable

Your business has cash available to it through a fast, reliable and often overlooked method of financing … Factoring.

Many businesses often find themselves in a cash bind because they offer credit to their customers for 30 days or more. That’s good customer service and while it helps acquire that customer it can bottleneck your cash flow, can’t it? You’re nodding your head. Yes.

After all, you still have regular expenses to pay including payroll. This problem gets even larger as sales grow.

Fortunately, you can leap right over that hurdle with Factoring. Your invoices and accounts receivable are used as collateral for short-term loans that provide you with immediate cash to meet these commitments.

What is factoring?

How does factoring work?

Is Factoring For You?

How do I get started with factoring?

As your financial partner, we want you to thrive. CFIC Funding, Inc. is a leader in funding small and middle market companies nationwide. You can expect honest, dedicated and personal service, unlike other lenders.

Call us to discuss your financing needs. We are happy to review the various financing alternatives available so you can make the best decision that fits your unique situation.

Find out why CFIC Funding, Inc is where small and middle market business owners turn for successful funding solutions––move your business to the next level today, call CFIC Funding at 310-421-7370 today.