Frequently Asked Questions about Factoring

Q: WHAT IS FACTORING?

A: Factoring is the purchase of accounts receivable for immediate cash. Factoring gives businesses the power to ensure growth without diluting equity or incurring debt.

Q: WHAT TYPES OF BUSINESSES DO YOU FACTOR?

A: Power Funding factors many industries that include, trucking, temporary staffing, printing companies, manufactures, wholesalers, oil services , and many other service companies. Power Funding LTD factors companies that offer payment terms not exceeding 60 days. 

Q: WHAT SIZE CLIENTS DOES POWER FUNDING FACTOR?

A: Power Funding LTD factors start-ups to 5 million in monthly sales. 

Q: DO YOU HAVE ANY RESTRICTIONS AS TO THE LOCATION OF A CLIENT?

A: No. Power Funding LTD is a nationwide commercial finance company--we can serve clients in all 50 states.

Q: CAN YOU SUPPLY ME WITH REFERENCES FROM EXISTING CLIENTS?

A: Yes. Power Funding LTD is proud of the service we offer and are more than happy to provide references once you have completed an application.

Q: DO I HAVE TO FACTOR ALL OF MY INVOICES?

A: No. You are always free to decide which invoices to factor and which to keep.

Q: ARE MY RECEIVABLES HELD AS COLLATERAL?

A: Yes. Power Funding LTD requires a first position on all accounts receivable while you are factoring.

Q: DO I HAVE TO BE AN ESTABLISHED BUSINESS, OPERATING A MINIMUM NUMBER OF YEARS, TO BE APPROVED?

A: No. Power Funding factors start up companies. We believe everyone with desire to own a business should have an opportunity to take advantage of services offered to help their business grow. You must have bonafide accounts receivables.

Q: HOW DO I RECEIVE MY MONEY WHEN I FACTOR INVOICES?

A: Power Funding funds will fund to your bank account for immediate credit. We can also fed ex or mail. You can also pick up a check in some instances.

Q: WHEN DO I RECEIVE THE MONEY?

A: Power Funding funds all verified invoices billed to pre-approved debtors the same day we receive your invoices. If your customer has not been pre-approved for purchase, we will try to fund those invoices as fast as possible, usually the next day.

Power Funding LTD is always available to answer any questions you may have. Feel free to contact us.