SPOT FACTORING

A factoring line of credit does NOT have to be used on a monthly basis. That’s right, NO MINIMUM amount to factor each month. The industry term is “SPOT Factoring”, by factoring a single receivable only when cash is required for your business. Not all factors will spot factor, some require contracts, and some only factor large amounts. So it is very important to understand factoring and the factors you intend to do business with. Also, why wait to establish a factoring line of credit, save 4 to 7 days, get your account established and then when the capital is needed a receivable can be factored in as little as 48 hours. THAT’S FAST.