Request a quote

Frequently Asked Accounts Receivable Financing Questions

Is accounts receivable financing a bank loan?

Not at all. Your accounts receivables are assets that Centurion purchases from you. Unlike A/R financing, a loan will be a debt that reports to the credit bureau.

Is factoring new?

Accounts receivable (A/R) financing, also called factoring, has been around for nearly 4,000 years. Until the mid-1980s, most thought accounts receivable financing was only used in the textile and garment industries, but today, it is a widely used and viable business solution.

How does Centurion Business Finance accounts receivable financing differentiate from a bank’s business loans?

We focus on the creditworthiness of your customers when making funding decisions, as opposed to banks that focus on your company’s financial history.

If my company has a bank loan or line of credit, will we still be eligible for A/R financing?

Absolutely. Banks have frequently worked with us to allow factoring.

Can I still apply for A/R financing if my company owes back taxes?

Yes, but please let us know immediately so that we can discuss the payoff of your back taxes or lien subordination with the IRS. Tax issues are handled on a case-by-case basis.

Is A/R financing still an option if I have had a past bankruptcy?

Yes. Your application will still be considered, even if you have credit problems or a past bankruptcy.

How long does it take to receive the first invoice funding?

One business day.

Frequently Asked Asset-Based Loans Questions

What is an asset-based loan?

Based primarily on the quality, value and adequacy of an issuer’s pledged collateral, an asset-based loan (ABL) is a form of secured lending. Its applications are varied and can benefit companies in the middle market, as well as those that are larger.

Frequently Asked Business Cash Advance Questions

What is a Business Cash Advance?

A business cash advance (BCA) is a non-secured business advance that has no restriction on how monies are utilized. It requires a daily or weekly repayment plan for up to eight months.

What are the minimal requirements?

Your company needs to have been in business for at least six months and meet a minimum monthly deposit history that averages $10,000.

How are funds commonly used?

Many companies use the funds for working capital, business expansion, inventory purchase, marketing, remodeling, and equipment purchases.

Ready to start? Fill out our FREE quote form and we’ll start the process of getting you funded immediately. Once submitted, one of our Business Development Officers will call you shortly.

Request a Quote

Request a Quote

×

Terms and Conditions

Applicant understands that AmeriFactors intends to rely on the foregoing information in determining whether to enter into a factoring agreement, and applicant authorizes AmeriFactors to do so. Applicant also understands that the foregoing information may be incorporated by reference into an agreement between Applicant and AmeriFactors and any failure of Applicant to disclose truly, completely and correctly the information requested may constitute a breach of any such agreement. Applicant understands further that AmeriFactors has not, by requesting the completion of or accepting this application form, committed to make or implied an intention or commitment to enter into a factoring agreement with Applicant. Applicant acknowledges that he has retained a copy of this application form. Applicant authorizes AmeriFactors (officer, employee, or other representative thereof) to visit and inspect any properties of Applicant; to discuss Applicant and its affairs, finances, and accounts with, and he advised as to the same by Applicant's officers, employees, lenders, attorneys, customers, suppliers, and independent public accountant; all to such reasonable extent as AmeriFactors may desire, and all on the condition that AmeriFactors seeks such information in good faith in connection with The Applicantants factoring application. Applicant hereby authorizes AmeriFactors to immediately file a financing statement covering all collateral of Applicant. The financing statement will become effective when (and if) Applicant and AmeriFactors enter into a factoring agreement. In the event AmeriFactors and Applicant fail to enter into a factoring agreement, AmeriFactors will file a termination statement.

Applicant hereby authorizes its suppliers, customers, lenders, accountants, principals, officers and attorneys to provide AmeriFactors (and any officer, employee or representative thereof) such information about Applicant and its affairs, finances, and accounts as AmeriFactors may request. Applicant also authorizes each such person and firm to accept a copy of this Authorization as if it were an original. The individual submitting this application who is either an officer, director, partner, member, owner of a sole proprietorship or shareholder of the Applicant, recognizing that his individual credit history may be a factor in the evaluation of the credit history of the Applicant, hereby consents to and authorizes the use of a consumer credit report by AmeriFactors from time to time as may be needed in the credit evaluation.

×