Frequently Asked Questions

Is AR factoring only for companies that are in financial trouble or relatively small?

This is a common misconception! Companies of all sizes use AR factoring to keep operating capital immediately accessible to grow their business.

Do you require that all receivables be factored?

No. It is up to you to decide which customer’s receivables to factor.

How can I factor if I have declared bankruptcy in the past or a bank would not consider a business loan?

Our decisions are based on the creditworthiness of your customer.

Is factoring just another cost?

The concept of AR factoring is to use the money of the factor to help make you more profit, not less. Our success is dependent upon your success as our partner. If you do not need additional operating capital, you may want to consider the stand-alone program which eliminates your bad debt risk.

What happens if my customer defaults on their invoice payment?

Furniture Factors assumes that risk as long as the invoice is not disputed.  Under the non-recourse factoring program, the invoice is paid by credit protection coverage in the event the customer has the financial inability to pay.  

Are there any setup fees?

Absolutely none.

When do I get my funds?

24 hours or less.

Who approves the credit for my customers?

Furniture Factors.

Who is responsible for collecting funds?

Furniture Factors.

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