Factoring Agreement Online With Bank In Fulton

State:
Multi-State
County:
Fulton
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

A factor is a person who sells goods for a commission. A factor takes possession of goods of another and usually sells them in his/her own name. A factor differs from a broker in that a broker normally doesn't take possession of the goods. A factor may be a financier who lends money in return for an assignment of accounts receivable (A/R) or other security.

Many times factoring is used when a manufacturing company has a large A/R on the books that would represent the entire profits for the company for the year. That particular A/R might not get paid prior to year end from a client that has no money. That means the manufacturing company will have no profit for the year unless they can figure out a way to collect the A/R.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Free preview
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement

Form popularity

FAQ

About Fulton Bank, N.A. The former Republic Bank locations will reopen as branches of Fulton Bank, N.A. during regular business hours. All transferred deposits will be separately insured from any accounts you may already have at Fulton Bank, N.A. for at least six months after the failure of Republic Bank.

LANCASTER, Pa. -- Fulton Financial Corporation (Nasdaq: FULT) announced today the successful consolidation of two subsidiary banks, Lehigh Valley, PA-based Lafayette Ambassador Bank and Columbia, MD-based The Columbia Bank, into its Lancaster, PA-based flagship bank, Fulton Bank, N.A.

Fulton Bank's routing number is 031301422.

August 2023 Nasdaq delisted the Company and suspended the trading of its stock.

Welcome Prudential Bank Customers In the fall of 2022, Prudential Bank will become Fulton Bank. We are excited to help you achieve your financial goals with our depth of financial products and services, and access to more than 200 financial centers and ATMs across five states.

The FDIC determined that compared to other alternatives, Fulton Bank's acquisition of Republic Bank is the least costly resolution for the DIF, an insurance fund created by Congress in 1933 and managed by the FDIC to protect the deposits at the nation's banks.

Why My Banking Direct? My Banking Direct is a modern online bank backed by the strength and experience of one of the oldest banks in the US: Competitive rates, numerous banking solutions, and a superb online experience. The security of FDIC-insurance up to at least $250,000 per depositor.

Within 90 days of account opening: Daily Deposit Limit: $1,000 Monthly Deposit Limit: $2,500 After 90 days of account opening, limits are based on deposit account and is displayed within the mobile deposit feature. Most customers will have a monthly deposit limit of $15,000. How can I download Fulton Bank's mobile app?

To help you determine if a website belongs to an FDIC-insured bank, check the FDIC BankFind, a data resource on the FDIC website. You can look up banks by name or website address to verify whether they are a real FDIC-insured bank. Compare the bank name with the web address or URL.

The company engages in five main businesses: Branch Banking, Consumer lending, Commercial Banking, Investment Advisors and Mortgage Services.

Trusted and secure by over 3 million people of the world’s leading companies

Factoring Agreement Online With Bank In Fulton