FACTORING INDUSTRY CONTRACT TYPES
Did you know...
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The average invoice advance across the trucking industry is only 80-85%.
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Hidden fees buried in your factoring contract could be costing you money.
Successful business owners/managers understand how important cash-flow is to the support and continued growth of the company. Investigating factoring as a convenient, no risk solution is a great step toward ensuring solvency and reducing financial liabilities. Things to keep in mind as you move forward...
COMMON CONTRACT TYPES & PITFALLS
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Sliding Fee
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Only 90% payment upfront - They hold your money to charge percentage penalties.
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You pay percentage penalties if brokers don't pay in 30 days.
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Warning: You don't know when they receive their payments or when those payments will be recorded, the difference of a few days could add 1-2% easily.
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Rebate System
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Only 85-90% payment upfront - They hold your money to charge percentage penalties and payout on their rebate schedule.
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When do they pay their rebates, 30, 60, 90 days?
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Warning: Now You must track everything To ensure you get paid what your contract promises.
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How many outstanding invoices, the values, how many days out, the percentage points on the contract schedule, etc.
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Warning: You don't know when they receive their payments or when those payments will be recorded, the difference of a few days could add 1-2% easily.
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DON'T LET CONFUSING SLIDING FEE AND REBATE CONTRACTS COST YOU MONEY!
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AIF FLAT RATE - Simple Factoring Program Partnership
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AIF pays approximately 96% of your money up front, immediately - No penalties, no hidden fees, no sliding scales, no tracking rebates, no waiting for rebate checks.
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Simple, easy, one transaction and done, so you can continue building your business.
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AIF is committed to active invoice collecting - We pay you and worry about collection.
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Contact Rebecca with AIF at rebecca.poe@advancedinvoicefunding.com to discuss your easy, no smoke and mirrors simple factoring program partnership.
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No financials required
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No credit check required
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No background check charges
*AIF long-term clients are eager to give reference.
Give Advanced Invoice Funding the opportunity to really partner with you to support the future growth of your company.