Most of Our Clients are Either:

• Experiencing cash flow shortages due to a slow turnover in accounts receivable

• Fast growing companies whose past earnings will not justify traditional bank loans

• Principals with good or bad credit and cannot obtain traditional financing

• Have lost their line of credit due to covenant violations
  
  

• Start-up businesses with no financing base

How It Works

1. WireYouMoney.com will evaluate your business and determine the best fit for your business financial needs.
2. Factoring Agreement - WireYouMoney.com will and it's underwriters will determine if your business meets preliminary qualifications. Our staff will conduct credit analysis using it’s database on the on the clients (account debtors) who owe you money. The Factoring Agreement will set an initial credit line for your business with all the clients you plan to finance.
3. Submit Invoices for Your Initial Advance - The factoring company that elects to proceed with your company will fund your initial advance based on the invoices you submit, the advance funding will vary anywhere from 80-95% of the value of the factored invoice. The amount of your advance is initially established and depends on the size of your client list, transactions, industry, dilution and recurring funding intervals.
4. The Remaining Balance of the Invoices and Fee Deductions - The clients will be notified to pay the factor on the financed invoices. Once your customer pays the invoices based on the terms, the remaining balance will be wired to you, minus the factoring fee. The fee will vary depending on the number of days the invoice remains outstanding. Factoring fees calculated on the invoice amount and can range between 0.69% – 4.9%.