Factoring FAQ

Factoring FAQ

Q: Do I have to factor all of my company’s accounts receivable?
A: No you do not. At Treasure Valley Factors we allow you to pick and choose which accounts you wish to factor.

Q: How quickly can I get funded?
A: You can get funded within 24 hours. We offer several different options as to how you will be funded such as: a check by mail, ACH transfer or wire transfer.

Q: How do I know which of my customers you will factor?
A: You provide us with the information on your customer and we do a free credit check to see whether we can factor them or not. Most requests can be accomplished within 24 hours.

Q: What is the difference between factoring and a bank loan?
A: With factoring, we purchase your accounts receivable. This is a single transaction which you only pay the one-time fee. Factoring allows for simple transactions with minimal paperwork and no new debt. A bank loan is typically a line of credit secured by your accounts receivable. The accounts receivables are collateral for the bank loan and not sold to the bank. As a business owner, you are still required to bill and collect the receivables in order to make your loan payment. If you do not collect on your receivables, you are still required to make your loan payments on time.

Q: How does factoring benefit my company?
A:  It allows you to get paid immediately for the work you have accomplished. These funds are immediately available to pay bills, buy supplies, or fund any need you might have.



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