![]() ![]() If there all asset liens/UCC filings, we will need to have those filings terminated before we can fund you. Your company cannot have any all-asset liens/UCC Filings. ![]() At this time we cannot factor for Sole Proprietors. You also need to have a company that is open and in good standing for us to factor for you. Most businesses factor invoices that are between Net 15 days and Net 60 days. Maybe you can wait 15 days to get paid by your customers but waiting longer than that might cause you to have cashflow issues. If you have certain clients that are paying you in 15 days after you invoice them, you might not want to factor these invoices. All other payments from your customers on invoices that we did not purchase, will be wired back to your account and you will not be charged any factoring fees. You will only be charged a factoring fee on the invoices that you sell us. If you decided to sell us invoices from customer XYZ, INC, then all payments from XYZ INC, need to be paid directly to Alliance One, even if you choose not to sell us all of their invoices. You get to pick the customers that you want to factor and you decided which invoices you want to sell to us. Alliance One LLC is your financial partner, we are here to help you grow your business for the long term. We do require that you sell us a minimum of one invoice every 30 days over the agreement period. What are the Requirements to Factor my invoices?įirst, it is important to know that it is not required for your company to factor all of your clients, you pick the customers that you want to factor and you pick the invoices that you want to sell. Do you own my invoices?Īll invoices purchased from the invoice factoring company (Alliance One LLC), become an asset of the factoring company. Once the verification of the invoice is completed, the funds are released on that invoice within 24 hours. An account representative will verify that the products have been delivered or that the services have been rendered. Once a business sells an invoice or it's receivables to Alliance One LLC, a verification process must take place before the funds are advanced to the business. The factoring company (Alliance One LLC) collects the full amount from the customer in due course and pays the balance amount due to the business owner after deducting the discount fee for the services rendered. The factoring company (Alliance One LLC) will advance up to 90% (the other 10% is held in a reserve account) of the face value of the face invoice amount. The business owner sells their account receivables in the form of an invoice to the factoring company (Alliance One LLC). It’s when you sell some or all of your accounts receivables to a factoring company at a discount rate for immediate cash. Invoice factoring is a financial transaction that is available to companies that are business to business. ![]()
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