Factoring Finance for Engineers

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Financing Services for Engineers
in the USA, Canada and the UK

Does Your Business Need Cash Now?

We can help, call us today and get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy. 

Request a free proposal with no obligation at 1 800 450 9653 or REQUEST ONLINE APPLICATION.

We can accommodate factoring credit lines to businesses with funding needs up to $10 million a month.

          What kind of engineering companies come to us for funding?

  • Young companies experiencing growth and need cash today. In most cases they have been turned down by traditional bank loans due to a lack of a financial track record.

  • Mature companies that have capped their working credit line established by a bank and need more leverage. This situation may require to pay the financial institution off so the client can establish an unlimited factoring credit line that will be based on the customer's credit worthiness.

  • Companies that are experiencing lack of service from another factoring company.

        Request a free proposal with no obligation at 1 800 450 9653 or REQUEST ONLINE APPLICATION.

Factoring in the engineering service industry

Minimum Monthly Volume for Industry

Country
Engineers - Architectural $10,000 minimum and up to $10 million USA, Canada
Engineers - Civil $10,000 minimum and up to $10 million USA, Canada
Engineers - Construction $10,000 minimum and up to $10 million USA, Canada
Engineers - Consulting $10,000 minimum and up to $10 million USA, Canada
Engineers - Drainage - Storm Water Management $10,000 minimum and up to $10 million USA, Canada
Engineers -  Electrical $10,000 minimum and up to $10 million USA, Canada
Engineers - Environmental $10,000 minimum and up to $10 million USA, Canada
Engineers - Foundation $10,000 minimum and up to $10 million USA, Canada
Engineers - Industrial $10,000 minimum and up to $10 million USA, Canada
Engineers - Inspecting $10,000 minimum and up to $10 million USA, Canada
Engineers - Land Development $10,000 minimum and up to $10 million USA, Canada
Engineers - Mechanical $10,000 minimum and up to $10 million USA, Canada
Engineers - Professional $10,000 minimum and up to $10 million USA, Canada
Engineers - Sanitary $10,000 minimum and up to $10 million USA, Canada
Engineers - Structural $10,000 minimum and up to $10 million USA, Canada
Engineers - Tank $10,000 minimum and up to $10 million USA, Canada
Engineers - Testing $10,000 minimum and up to $10 million USA, Canada
Engineers - Traffic $10,000 minimum and up to $10 million USA, Canada

         

Financing engineering firms for as little as $10,000 a month and up to 10 million for larger companies.

  • Credit line based on percentage of eligible accounts receivable.

  • Easy to understand financing fees.

  • Invoices funded within 24hrs.

  • Eliminate the need for bank loans or SBA loans.

  • Funding can take place in 3 to 5 working days.

  • Start up staffing companies welcomed. No monthly volume requirements or penalties.

Why do businesses benefit by financing account receivables with us?

  • The use of back-office support for collections and mailing out your invoices sometimes offset the financing fees or decrease internal overhead related cost..

  • Free credit analysis and collection assistance to prevent bad debt.

  • Free Reports and statements of your account status via internet.

 

What is needed to finance a business in the engineering industry?

1.   You send the original invoices with proof of performance. The service must be performed before funding.

2.   The invoice is verified and then the advance is funded, typically 80% to 90% of the invoice depending on the credit worthiness of your customers. Funds will be advanced within 24hrs. following verification of the invoices. This is usually completed the same day that they are received. The balance of the advance is called the "Reserve". The reserve is held back until the customer pays the invoice in full.

3.   Payment of the invoices are made directly to us from your customers. Once received, the reserve is paid to you minus the discount fee.

4.   At your option, the funds are sent via wire transfer, ACH or check.

5.   Credit approval for new accounts is easy. All is needed is the name and address of the customer.

6.   Due diligence of liens and pending lawsuits of your company will be performed prior to funding.

Frequently Asked Questions about Factoring

How does Factoring Accounts Receivable Work? (View Presentation)

What is a factoring credit line?

  • The Invoices to your customers for goods delivered or services rendered can be converted into a "Factoring Business Credit Line" from which you may draw cash to better manage your business. Draw only as much as you need and pay only for what you use. There is no faster financial service available for businesses today. Request a factoring proposal now!

Factoring invoices is a very simple process with us.

  • Set up your account in 3 to 5 working days.

  • No financials needed, No up front fees.

  • Advances are made same day or within 24hrs.

  • Quick credit checks for prospective customers.

  • No minimum invoice fees, No credit facility fees.

  • Bad credit or previous bankruptcy - No problem.
     

Frequently Asked Questions about Factoring

How does Factoring Work? (View Presentation)

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