About Accounts Receivable Factoring
Factoring Rates at 0.59%
Apply Now! or call 1-800-422-0766
Factoring—What is it? Factoring is a form of finance used to finance commercial, consumer, and government accounts receivable. Typically, businesses factor their accounts receivable to improve their cash flow. Businesses that factor their invoices (accounts receivable) sell their invoices to a factoring company, usually for anywhere between 95 to 99 cents on the dollar. Interstate Capital provides cash advances against invoices on the same or next business day via electronic funds transfer (EFT). Interstate Capital also provides numerous other accounts receivable services including invoicing, credit underwriting, collections and 24/7 on-line invoice submission and reporting.
INTERSTATE CAPITAL announces its new “PICK-YOUR-RATE” FACTORING PROGRAM. INTERSTATE CAPITAL, in the factoring business since 1993, is North America’s only factoring company with headquarters both in Canada and in the US that can offer you a customized rate quote OVER THE PHONE AND VIA E-MAIL WITHIN 10 MINUTES during normal business hours. You don’t even have to complete an application to obtain our no-obligation written rate quote.
RATES AVAILABLE TO QUALIFIED APPLICANTS THRU MIDNIGHT JUNE 30, 2009. RATES ARE UPDATED WEEKLY.
0.59% PER INVOICE FOR EACH 10-DAY PERIOD.
Temporary/Nurse Staffing/large trucking fleets
0.59% Factoring Fee every 10 days; 90-day recourse. 92% advance rate.
Small Trucking Fleet Factoring (1 or 2 trucks ONLY)
100% advance against FREIGHT BILLS. Free electronic funds transfers, free instant on-line freight broker credit checks, non-recourse available. CALL US!
Manufacturers/Distributors/Wholesalers/Trucking/Freight Brokers/Truckload Carriers
1.59% Factoring Fee for 30 days, 90-day recourse.
Large Trucking Fleet Factoring
.99% Flat Fee per invoice + interest.
SEARCHING FOR A LOW FLAT FACTORING RATE? CALL (800) 422-0766 TO SEE IF YOUR COMPANY WILL QUALIFY FOR A LOW, FIXED FEE GOOD FOR 90 DAYS. WE’LL DEVELOP A CUSTOMIZED FLAT FEE AND SEND YOU A WRITTEN QUOTE IN 15 MINUTES DURING NORMAL BUSINESS HOURS.
Interstate Capital provides you with immediate cash invoices and freight bills. Advance rates are as high as 100% for some industries. Set up is simple…it takes only a moment to fill out the form on this page. After set up, we’ll fund your eligible invoices within 24 hours.
Interstate Capital provides you with your own account manager to answer your questions, walk you through the factoring process and service your account as if you are their only client. Interstate Capital takes invoice collection worries out of your hands. We employ industry-knowledgeable collection specialists to help ensure the highest possible collection success.
Interstate Capital provides you with credit approvals on your customers in as little as 5 or 10 minutes. We provide easy storage and retrieval of all of your credit limits assigned by Interstate Capital via Internet through our proprietary credit inquiry system. Interstate Capital provides you with fully customizable access to all of your reports through eFactor, our real-time on-line reporting system.
Interstate Capital will mail all of your invoices for you. If your customers will accept your invoices electronically, Interstate Capital is capable of forwarding your invoices to your customers via e-mail, fax, EDI or FTP. Interstate Capital Corporation is a direct lender, not a broker. WE ARE ENTERING OUR 7TH DECADE IN BUSINESS.
Industries We Factor Include The Following:
Factoring Rates at 0.59%
Apply Now! or call 1-800-422-0766
Recent Factoring Articles
Factoring in Canada
Interstate Capital entered the Canadian factoring market in January 2004 by signing clients in Saskatoon, Toronto, Vancouver and Calgary. By fall of 2007, Interstate Capital had enough critical mass in Canada to incorporate a new subsidiary, ICC Canada, Ltd., which opened its first office in the Toronto suburb of Mississauga.
Factoring Fees Comparison
With so many factoring options available, it is difficult to compare various proposals. There are about as many ways to quote factoring fees as there are stars in the sky, so we can start with how to compare the obvious costs: factoring rates.
Factoring with 100% Advance Rate
We are often asked if we can advance 100% against invoices. If you shop around on the Internet, you are bound to find some factoring companies advertising "up to 100% advance rates." Is this too good to be true?
Interstate Capital Corp. Fuel Card Program
Our fuel card program features discounted access to the O-T-R Network of 10,000-plus travel centers and truck stops.
When you apply for an Interstate Capital fuel card through CSI Global-Fleet, your business will immediately benefit from program savings.