The factoring company that helps you to become more profitable by increasing your cash flow.
Interstate Capital saves you time and money by speeding up your cash flow and increasing your profitability. Interstate Capital has successfully funded over 5,000 growing companies since 1993 and purchases over $500 million of invoices annually from companies located throughout North America. Watch this 2-minute video to learn more now!
Interstate Capital’s factoring programs include a long list of unique features including rates starting at just 0.49% per invoice, advance rates up to 100%, same-day funding, 24/7 automatic credit approvals, fuel advances (for motor carriers), professional collections, and much more.
Set-up is always fast and easy. There is no application fee and most companies will qualify for an instant online proposal in under 2 minutes just by completing the form on the left. If you like what you see in your proposal, just click on the application link in your proposal and you’re on your way to fast funding.
Factoring companies are experts in accounts receivable financing. As such, they have experience in all aspects of credit underwriting, billing, and collection of commercial and federal accounts receivable. Many factoring companies, including Interstate Capital, will act as billing agent and submit invoices on your behalf (in your company's name) to your federal contracting officer or purchasing agent. With factoring companies' special knowledge and understanding of federal contracting law, they can help to expedite payment payments due on your federal government contract. In this article, which discusses prompt payment requirements for federal government contracts, we have substituted the term, "factoring company" for "contractor" to aid in the reader's understanding of the Federal Acquisition Requirements ("F.A.R.") when the factoring company acts as the billing agent for the contractor.
Factoring Federal Government Contracts - Factoring Companies Can Assist with Protests and Disputes in Federal Government Contracts
As the assignee of your federal government contract, your factoring company can assist you with payment protests and disputes. Federal Acquisition Requirement Subpart 33.1 prescribes policies and procedures for factoring companies to file protests for processing disputes and appeals. To aid the reader in its understanding of this F.A.R. subsection, we have substituted the term "factoring company" for "contractor".
To understand the concept behind non-recourse factoring, one must first understand the history of factoring. Imagine you are a tea merchant in Southampton, England, in 1780. The colonies in America are now a sovereign nation, and the British are emigrating to the states in record numbers, creating a strong demand for English tea. Distributors start popping up in places like Boston, New York and Wilmington. You want to sell your tea to distributors in the new country, but this is a tremendous risk. You need to fill a boat with your commodity, sail it to America, unload your tea in Boston Harbor, and then hope that you receive payment from the American distributor at some future date.
Factoring Companies Provide A Great Alternative to SBA Guaranteed Lines of Credit