Benefits of Working with
We are a direct funding source with decision makers on site.
We work with startup companies who have limited or no credit history.
Long-term contracts are not mandatory.
Receivables Financing from $50,000 - $10 million.
No monthly minimums and no penalties when spot factoring.
We can give you cash today for your invoices.
We offer in-house underwriting for quick decision-making.
We provide funding when others won’t, such as funding bonded projects, purchasing Pay When Paid contracts, Progress Billing, or when in a distressed situation.
We work with other lenders (e.g., banks, PO and ABL lenders) for refinancing and restructuring of facilities.
We Keep You Building
Our experienced construction financing experts are happy to answer all your questions – contact us today.Let's Talk
If you are new to CapitalPlus Financial Services or factoring in general, we hope that we can give you the information you need to make the best decision for your company’s working capital needs.
Factoring is financial option that involves selling of your receivables or outstanding invoices to a third party company for at a discounted rate. This allows you to not have to wait the normal 30-90 days for payment. Factoring provides billions of dollars to a wide range of companies - from multi-million-dollar corporations to small privately held construction companies each year.
Factoring provides an immediate source of cash flow for your company. Because you are able to choose where the money is needed most, it can be used to take on more or larger projects, to meet payroll, pay taxes, replenish inventory, increase advertising, purchase equipment, improve your credit rating, and so much more.
When we purchase an invoice, we advance you a percentage of the face value. This advance rate amount varies based on the situation, your needs, and an overall risk assessment of your client. Generally you will receive up to 80% right away, then receive the remaining reserve (less fee) after we receive your client's payment. We are 100% transparent about our fees so there are never any surprises.
When we purchase your invoice, we will advance a portion of the invoice, usually 70-80%, and hold the remaining in reserve. After we receive payment from your customer, the reserve is wired back to you, less our fee.
The established factoring fee is a percentage of the purchase amount and the length of time it takes to collect. The amount is determined by the risk of each invoice purchased, the pay term, and the number of invoices being factored. Because there are so many factors that determine this amount, you will be quoted all fees up before agreeing to anything.
It is your choice how frequently you provide invoices for purchase. Just like buying in bulk at your favorite grocery store, you can receive a discount for committing to a higher volume of invoices. When you reach out for the first time, you will be assigned an Executive Account Representative. Tell your representative your needs and they will help you understand how you get the most out of factoring for the best price.
No. Most contracts specifically define how your invoices should be prepared and when they should be submitted. We have contract experts on staff who can help you understand the requirements and help you comply with invoice formats and other needs.
No. The name on the check remains yours. You will however, be required to change the remittance address of that check to our lock box.