Factoring

What is factoring?

Factoring is a type of cash flow funding which allows you to receive money upfront from unpaid invoices as soon as they are generated.

Typically, a business sells its invoices, or receivables, to a third-party financial company (called a “factor”) at a discount. The factor then collects payment on those invoices from the business’s customers.

Who Uses Factoring?

Factoring dates back to Ancient Rome and was prevalent in commodity financing in Great Britain as early as the mid-1600s. Today, it is used by all kinds of businesses ranging from Manufacturing, Retail, Staffing, Government, Hospitality and is especially prominent in Trucking and Transportation.

If your company is growing and needs cash for raw materials, salaries, hiring, equipment, or even taxes, Factoring makes sense and easily handles the cash needs of your business.

How does it work?

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Testimonials

Your success is our success.

We’ve worked with Ernane since last Spring. He’s helped us immensely as far as our cash flow. It’s been a real game-changer, honestly. He’s been keeping things going for us. I wish we had known about Ernane sooner in our business cycle, it would have been really helpful.

He’s asked “Do you guys need money? What can I do for you?” He’s met us face-to-face and given us that personal touch.

He’s a very friendly person and I definitely recommend him to any business owner.

Before we started working with Ernane, it was horrible. It was hard to get invoices on time and in correctly and there was just no feedback from our bigger clients.

Once we started working with him, we were able to establish a rapid and ready turnaround. I had the funds available when I needed it and a faster turnaround in payment to our contractors.

Ernane is very personable, very intuitive and really works hard. He’s just a great guy to do business with. He’ll tell you how it is and he’s been there when we needed him.

Manny Ramirez, R&R Texram LLC

If it wasn’t for Ernane, I’m not sure where I’d be right now with my business.

He’s on top of everything. I can hire more technicians now and I’ve grown the business by about 20 percent. I have no words to describe how much he’s helped me and how he’s helping my business grow. I definitely recommend working with him to anybody. Once they see how on-point he is, they’ll love him.”

James Quiles, Owner, A&J Telecommunications, LLC

If we didn’t go through Ernane, we would have had to wait 30 days before our first check came. After we started working with him, we were able to pay our employees on a regular basis. Otherwise, we would have had to have them wait.

This is one of the best funding companies. Ernane’s customer service is over the top. He goes above and beyond… he’s been a real pleasure to work with.

If you want someone that’s dependable and consistent, I definitely recommend him.

Sylvia Troyer, Office Manager, Blueintegration, LLC

When I first started working with Ernane, I had the concept for my business and a really strong pipeline, but I was in a really delicate balancing act between accounts payable and accounts receivable, operations costs and cash flow.

Ernane has helped me every step of the way with capital for my business. He’s been a part of my growth and I can trust him and know that I’m going to get the value. The money’s going to be there. At the end of the day, I win.

He’s just trustworthy. We speak, we understand each other. He’s just someone I want to do business with. It just makes sense to work with him.

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