Q: Why would a company factor their receivables?
A: Companies that find cash flow to be a recurring problem often can't afford to have assets tied up for 30-60 days. They need cash to meet the immediate financial demands of their business.

Q: Is factoring a type of loan?
A: No. Factoring is defined as the purchase of a company's receivables.  By contrast a loan would use these receivables as collateral.

Q: Wouldn't a bank loan make more sense?
A: Probably not.  Banks often have restrictive lending requirements that prohibit them from making loans to companies like yours. Resource Business Partners is not in the lending business. Rather our decision to purchase invoices is influenced by the quality of your customer base and by their performance.

Q: If a factor buys my invoices, who actually bills my customer?
A: You prepare and mail your customer's invoice as usual.  Then you fax a copy to Resource Business Partners and receive an immediate cash advance! Resource Business Partners follows up to ensure receipt of payment.

Q: How quickly do I get paid?
A: Resource Business Partners pays as soon as your invoice is confirmed, usually within 48 hours.

Q: How much does Factoring cost?
A: 4% for the first month, then down to 3% for subsequent months (prorated at 1/10 of one percent per day).

Q: Do I need to factor all of my invoices?
A: No. You have the power to decide which invoices you want to sell in order to manage your cash flow needs.

Q. How much do you advance?
A: We advance 80% of the factored invoices. 

Q: Does my company need to have good credit to qualify?
A: No.  Resource Business Partners will factor your receivables provided that your customers are credit worthy and have shown a good payment history.

Click here to download an Application and start getting your cash immediately.