Factoring is the sale of your invoices for immediate cash. When we purchase your receivables we will:

  1. Advance you 70% - 80% of the face value of the invoice.
  2. Charge you a fee. A typical charge for an aged 30 day invoice will be 2% to 4%, 3% to 6% if the invoice is aged 60 days. To find out more about Factoring Fees click HERE.
  3. Remit to you the balance when the invoice is paid.
Click HERE for Medical Receivables. If you are interested in selling your Past Due Receivables then go to our Delinquent Debt page.

Our Funding sources can provide advanced funding for your business. For you as a client that means:

Diversified Alliance Funding provides each client with the access to fast and accurate factoring. When considering choosing a factor ask specifically what services are included and if services are extra. Many factors charge extra for credit work, mailing, running reports, etc. We work with Factoring companies whose services are all inclusive, there are no hidden fees.

We can factor any type of industry whether it be service, manufacturing or distribution. It can be a company with:

Want us to evaluate your company for factoring? You can either e-mail us a Quick Factoring Application or send us a complete document listing (see below). The Quick Factoring Application is to evaluate your company potential for factoring. From this basic information we can give a tentative quote. However, before any deal is consummated we will need all documents listed in the complete document listing.

Complete Document Listing:

  1. Factoring Application
  2. Corporate or personal tax returns
  3. Corporate or personal financial statements
  4. Articles of incorporation, (if corporation)
  5. Partnership agreement, (if partnership)
  6. Current aging of accounts receivables
  7. Current aging of accounts payable
  8. Copies of any UCC filings if you presently have assigned your accounts receivable to another secured party.

Our Funding source will review all the listed documents and will give your a quote for the services. After you have accepted the quote you will be required to send a check* that will cover UCC searches and filings at local and state levels. In addition, the Funder will conduct credit checks. We will factor your receivables once the above searches and credit checks are completed. In some situations an additional due diligence fee may be required. If this is needed, it will be discussed prior to document signing.

Click HERE to see the benefits of Factoring and whether it is expensive or not. See what is the actual difference between Factoring and traditional Bank Loan.

* Amount of check may vary from $400 to $600 depending on the Funding source.

We Make Cash Flow Possible!

Contact us for a FREE, No Obligation Consultation

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