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FACTORING INDUSTRY CONTRACT TYPES 

Did you know...

  • The average invoice advance across the trucking industry is only 80-85%. 

  • 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

  • Sliding Fee

    • Only 90% payment upfront - They hold your money to charge percentage penalties.

    • You pay percentage penalties if brokers don't pay in 30 days.

    • 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.

  • Rebate System

    • Only 85-90% payment upfront - They hold your money to charge percentage penalties and payout on their rebate schedule. 

      • When do they pay their rebates, 30, 60, 90 days?

    • Warning: Now You must track everything To ensure you get paid what your contract promises. 

      • How many outstanding invoices, the values, how many days out, the percentage points on the contract schedule, etc.

    • 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.

DON'T LET CONFUSING SLIDING FEE AND REBATE CONTRACTS COST YOU MONEY!

  • AIF FLAT RATE - Simple Factoring Program Partnership 

    • 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.

    • Simple, easy, one transaction and done, so you can continue building your business.

    • AIF is committed to active invoice collecting - We pay you and worry about collection.

Contact Rebecca with AIF at rebecca.poe@advancedinvoicefunding.com to discuss your easy, no smoke and mirrors simple factoring program partnership.

  • No financials required 

  • No credit check required 

  • 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.

 

 

 

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