Factoring Agreement For In Phoenix
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The factoring company assesses the creditworthiness of the customers and the overall financial stability of the business. Typically, the factoring rates range from 1% to 5% of the invoice value, but they can be higher or lower depending on the specific circumstances.
Documents you will have to provide: Factoring application. Articles of Association or registered Amendments to the Articles of Association of your company. Annual report for the previous financial year. Financial report (balance sheet andf profit/loss statement) for the current year (for 3, 6 or 9 months, respectively)
In order to qualify for factoring, your company will need to have the following items: Invoices to factor. Creditworthy clients. A completed factoring application – apply now. An accounts receivable aging report. A business bank account. A tax ID number. A form of personal identification.
Phoenix Capital Group is headquartered in Denver, Colorado with satellite offices in Irvine, California; Casper, Wyoming; Dallas, Texas; and Fort Lauderdale, Florida. Our rapidly growing client list of mineral owners and investors stretches across all 50 states.
(800) 421-4225.
Contact eCapital Today at 855.790. 0906 | eCapital.
Call (800) 860-7926 to speak with a customer service representative.
The accuracy of any calculations or rates are not guaranteed, for accurate calculations, rates and advice please call Phoenix Capital Group, 623-298-3450.
What is Process of Factoring? Factoring is a financial transaction in which a business sells its accounts receivable (invoices) to a third party, called a factor, at a discount.
