Funding Programs FAQ

Questions about our funding programs? We can help.

What is your advance rate?  

Up to 90%+ for Funding Only clients and 100% for Full Service clients.

Do you require a long-term contract?

Each agreement is customized to meet individual growth goals. Our typical agreement term is 18 to 24 months.

Do you require personal collateral in addition to company collateral?  

No. We request a personal guarantee.

What is required to process receivables? 

We require an invoice register, sent via fax, email, or on-line, with back-up invoices and time sheets.

When do I receive credit for a payment received?

Cash is posted daily. Payments received at our office by 2:00 p.m. EST are credited within one business day. All profits and reserves are released weekly.

Are volume discounts available?

Yes. Customized solutions are available for clients of all sizes.

What is an eligible invoice?

Any invoice under 90 days old for service performed to an approved customer. Longer eligibility terms considered.

How are timesheets and invoices submitted? 

Full Service clients enter timesheet data online.

Can I have deductions, such as health insurance, taken out of an employee’s pay? 

Yes. We administer a wide array of payroll deductions such as health insurance premiums, garnishments, levies, uniform charges, etc.

Do you require that all invoice be funded? 

Typically, yes. We can, however, create multiple rates to allow our clients to use more of their own capital if desired.

How often can I run a payroll?

Our routine payroll cycle is weekly, however, we can accommodate a wide variety of payroll cycles..

Can I have deductions, such as health insurance, taken out of an employee’s pay? 

Yes. We administer a wide array of payroll deductions such as health insurance premiums, garnishments, levies, uniform charges, etc.

Do you offer direct deposit of payroll? 

Yes. We also offer traditional paper checks as well as a paycard program and paperless paystubs.

Can we pay employees a set amount each pay period instead of hourly? 

Yes. We understand the need for flexibility and work with the individual needs of each client.

What is your processing error rate? 

Less than 1% -- any errors are remedied through our research department promptly.