The Interstate Capital Group of Companies (“Interstate”) announced today the expansion of the factoring industry’s first and only customized instant on-line factoring rate quote technology. Visitors to Interstate’s flagship website, InterstateCapital.com, may now obtain a customized factoring rate quote online in less than two minutes. According to company president, Tony Furman, all of the Interstate sites will feature the new technology before year end.
Interstate operates several websites that market accounts receivable factoring, a form of commercial lending popular with growing companies in the transportation, staffing, oil field service, and manufacturing industries. According to Furman, “It is extremely rare for a factoring company to issue a written rate quote without first requiring an application and a conversation with a sales representative. Interstate Capital is now able to issue written factoring rate quotes instantly, 24/7–without an application or the need to first speak with our site visitors.”
The new technology has been under development for approximately two years. Built into the technology is a complex decision matrix that involves hundreds of thousands of possible outcomes, all depending on the answers to only five multiple-choice questions securely submitted online.
All the Interstate sites are designed to attract the attention of growing companies seeking to improve cash flow by discounting (factoring) their invoices. Furman explains the strategy behind the development of its newest technology, “We understand that providing confidential financial information to a stranger over the phone can be intimidating, so we want to give our site visitors the ability to privately and anonymously discover how affordable factoring can be. The new technology provides the flexibility to obtain a written rate quote in less than two minutes, even during non-business hours.”
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About Interstate Capital
Interstate Capital was founded in 1993 in Santa Teresa, New Mexico. The company provides accounts receivable factoring and related services to growing companies located throughout North America. Interstate has successfully funded over 5,000 small and mid-sized businesses for 20 years and currently factors over $.5 billion of receivables annually. Interstate Capital is accredited by the Better Business Bureau and is a member of the International Factoring Association.