Absolutely no lengthy applications or loan approval committees, also typically no financials or tax returns are required. Even new start-up companies can benefit as well, using our financial funding service, and there is no requirement for a long-term credit history.

Factoring is one of the oldest and most powerful cash flow and management tools available to businesses today. The most important aspect of the transaction is not the credit-worthiness of your company; it is the credit worthiness of your customers, this is why factoring can help start-up companies as well as seasoned companies. Therefore, factoring is a fast, easy and reliable financial transaction that allows you quick access to your working capital that is based on the financial soundness of your customers. It is that simple.

Why Factor With NWCFI?

• Unlimited capital - The only financing source that can increase immediately with your sales, that we know of is factoring. This allows you to constantly have the ability to meet increasing demand, therefore as sales increase; more money becomes immediately available to you.
• No Debt incurred - Factoring is not a loan; therefore you are not incurring any debt. This can make a very attractive balance sheet, which makes it easier to obtain other financing and make immediate adjustments to cash flow needs.
• No loss of business equity - Ownership percentages are unchanged with a factoring arrangement (unlike most venture capital arrangements).
• Offer credit terms to your customers - Factoring allows your business to be more productive by offering credit terms to potential and current customers without the risk of a negative cash flow impact.
• Leverage off your customer’s credit - It’s not necessary to be in business for three years, or be profitable, or meet any other conventional lender qualifications in order to factor. Simply have a credit-worthy customer, and you can qualify for a factoring arrangement.
• Establish good credit for your business - Paying your company’s bills in a timely manner is no challenge with improved cash-flow. Factoring makes cash immediately available to maintain a steady cash flow.
• Improve processing service - You can greatly reduce your cost of processing because we handle much of the work. Mailing invoices (addressing envelope, stuffing them, paying postage), posting invoices to a computer system, depositing checks, entering payments on the computer and producing regular reports can be delegated to us.
• Professional collections - We usually handle collections more professionally and more productively than you can internally. This could translate into further cost savings for your business.
• Factoring is fast and easy - No tax returns, personal financial statements, business plan, projections, etc. are necessary to process our application. Usually, within about a week of receipt of signed contracts, your account is established. Thereafter, accepted invoices are converted to cash within 24 hours. Bureaucracy prohibits banks from processing that fast.

Professional Services

• Mailing your invoices.
• Providing weekly aged trial balances.
• Mailing monthly statements to your customers. 
• Collection activity and posting payments.
• Monthly reserve account statements.
• We provide free credit checks for your new accounts to better assist you in making informed, knowledgeable decisions.
• Our services can be tailored to your needs. We want to participate at a level that is both comfortable and compatible to your company.

Nationwide Capital Funding Inc. http://www.nwcfi.com/