Advantage Business Capital is a Subsidiary of Central Bank. Click the logo to be transferred to the Advantage Business Capital website.
Factoring is the process that helps a business improve cash flow by selling reliable accounts receivable at a discount. It is a viable method of building working capital without taking on an equity partner or adding new debt. Factoring can be an additional source of capital when combined with bank credit lines currently in place.
Advantage purchases your accounts receivable and advances up to 90% of verifiable invoices. The balance of the invoices, less our discount, is paid to you after we receive payment from your customer. Funds are typically available within 24 hours of request.
There are no upfront fees or maintenance fees when you use our factoring services. The only fee you pay is a discount fee for each invoice factored. The discount fee depends on the monthly factoring volume, the creditworthiness of your customers, and the length of time expected to be paid. We offer both fixed and floating fee structures to meet your specific needs.
There are no long-term contracts or agreements. You choose which accounts to factor, and you may discontinue the service at any time.
The only collateral typically required for a factoring line is your company’s accounts receivables.
Companies qualifying must provide a product or service to credit worthy commercial customers while offering 30 to 60-day payment terms. Advantage reviews the financial strength and payment history of your customers.
Advantage’s state-of-the-art software program provides a timely, detailed report on each invoice payment. These reports, along with copies of the checks, are available online on the same day.
After an application and related documents are received, client approval and initial funding take approximately 2-5 days. Subsequent funding is typically made within 24 to 48 hours.
To get started please contact us at (832) 485-2385.
We can set up a meeting to answer any questions you may have and begin the process.
The following will be helpful in processing the application.