How Discount Factoring Works
As an experienced discount factoring lender, Crestmont Capital is able to help companies with a variety of working capital needs. Our relationship with your business starts when we create an agreement between you and Crestmont Capital. This agreement will set out the terms that will be used in the forthcoming invoice. Make sure to get in touch with us before invoicing – we like to establish our relationship as your recourse factoring lender before any invoicing has been conducted.
Once that agreement is in place, send out the invoice to your customer. Depending on the terms of your agreement with us, we may just need a copy of the invoice. If you require a more full-service discount factoring lender, in some cases we may do the invoicing for you. You can expect to see up to 90% of the eligible funds from the invoice immediately. Once your customer has paid, you’ll receive the rest. We retain a small administrative fee to cover our expenses for interacting with your client and arranging payment details. We offer a web-based information portal, allowing you to sign in and check the status of payment on your orders 24 hours a day, seven days a week.
We will handle all the details of processing the payment, including working with your client to ensure timely payment. Our experienced staff will help streamline your accounts receivable process, providing a steady stream of capital as expected. You’ll also discover that this kind of arrangement has the added benefit of increasing communication with customers, providing faster feedback on lost or damaged orders or other problems.
Our discount factoring can grow or be reduced as your business needs. We will work with you in a lasting partnership to provide you with the capital you need when you need it.
Discount / Recourse Factoring Highlights
|Primary Transaction Size||Start-ups to $7.5 Million|
|Business Credit Type||A/R Invoice Financing|
|Advance Formula||Up to 90% of eligible Accounts Receivable|
|Advance Frequency||Weekly (or as often as daily)|
|Services||Customer investigation and approval|
Accounts receivable bookkeeping
|Discount Factoring Benefits||Flexible, can grow as your business grows, and can reduce when you choose|
Easy to transition back to conventional banking
Pay off loans, make payroll without worry
Meet seasonal demands
Reinvest in business; fund marketing to grow your business
Receivables management allows you to focus on your core business
Take advantage of purchase discounts with volume or early payment
|Crestmont Capital’s Discount Factoring Benefits||Competitive pricing|
Fast response time:
Proposal turnaround within one day
Closing in as early as one week
Cash for invoices within 24 hours
Is Discount Factoring / Recourse Factoring The Right Solution For Your Business?
Your business is unique and you need a funding solution as individualized as you are. Our professional, experienced Business Development Officers will work with you to understand what best fits your business and cash flow needs, and a team of financing specialists will create a working capital solution specialized for you.