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Accounts Receivable
Factoring
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Our
Factoring Programs |
Our Programs are designed to assist your growing company. Most growing companies experience normal cash flow problems. See
how YOU can eliminate three fourths of those normal cash flow problems. You'll understand why thousand of companies have used UCD's " CASH NOW " programs to speed up
their cash flow cycle and raise working capital for them To the right you will see our different factoring options. Contact Us for more information. |
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How Factoring Works
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When you deliver the goods or services to your customer, you simply send us your paperwork (original invoice
and delivery slip/shipping receipt). Once we receive your paperwork, you will receive up to 80% (normal advance rate) of the face amount of the invoice normally within 3 hours not 24 hours
like all other factoring companies. The remaining amount (reserve) is paid to you when the invoice is paid. This is how factoring works for you! Short and Simple. |
Factoring
Requirements
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Factored invoices must be valid, current billings for goods and/or services rendered that have been delivered
and accepted. Account debtors must be credit worthy of the line of credit requested. |
Special
Rates
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Factoring Volume under $100,000 |
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Cash Advance Rate 80% FEES - Normal Rate |
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0 -
20 Days 2.50% |
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21 -
35 Days
3.50% |
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36 -
45 Days
5.00% |
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46
- 60 Days
7.00% |
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61
- 65 Days
8.00% |
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66
& over
10.00% |
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Factoring Volume over $100,000 Cash Advance Rate 85% FEES - Special Rate |
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0-10 Days -
1.5% |
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11-25 days - 2.5% |
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26-35 days - 3.5% |
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36-45 days - 4.0% |
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46-55 days - 6.0% |
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56-60 days - 7.5% |
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61-70 Days - 8.5%
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71 and Over - 10.00% |
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Special Rate
Factoring Volume over
$500,000Cash Advance Rate 90% |
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Negotiable Fees |
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Full Recourse |
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Nine Month Contract |
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Qualifying for special rates is based upon the volume a potential client intends to factor, along with the strength and pay history
of their accounts (customer's credit). |
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