Frequently Asked Questions (FAQ)
What is Factoring?
Factoring is the selling of invoices for immediate cash. Factoring provides steady, positive cash flow without selling off ownership or creating debt.
What types of business do you Factor?
American Receivable finances a wide range of industries, including staffing agencies, outsourcing, manufacturers, wholesalers, distributors, oil field service, and many service companies such as healthcare and IT services. Most business that sell a product or service to another business on terms.
What size clients qualify for American Receivable?
We factor companies from start-up to $5 million in monthly sales.
Which states does American Receivable provide factoring?
We factor in all 50 states.
Does American Receivable provide international factoring?
No, we are a domestic factor.
Do I have to jump through the same hoops as in bank financing?
No, all we need is our application and some supporting documents to get our proposal to you.
Is there an application fee?
No, American Receivable has no application fees.
How long does it take to get set up?
Usually between three days is enough to get a client set up. We normally issue a proposal within a day of receiving a completed application.
Do I have to factor all of my invoices?
No, you decide which invoices to submit for factoring.
How do I keep up with my account?
American Receivable offers a client portal allowing you access to your account 24/7. Of course, our staff is always available to assist you with any questions during business hours.
When do I receive my funds?
American Receivable wires you your money the next morning after you submit an approved invoice.