Rates and fees
This is the whole list. If it isn't here, we don't charge it.
| Item | Cost |
|---|---|
| Factoring fee | 2.5% of the invoice, flat |
| ACH funding | Free |
| Broker credit checks | Free |
| Monthly minimums | None |
| Termination fee | None (30-day notice, no auto-renew) |
| Application or setup fee | None |
Terms
- Advance
- 95% of the invoice, paid when we fund it.
- Reserve
- 5% of the invoice. When the broker pays, we take our 2.5% fee from it and release the rest to you weekly.
- Funding speed
- Same day for verified invoices with rate confirmation, BOL and POD in by 3pm CT.
- Recourse
- Recourse. Invoices unpaid after 90 days are charged back against your reserve or future fundings.
- Contract
- 30-day notice to leave. No auto-renewal. No termination fee.
Example
On a $2,500.00 invoice you get $2,375.00 the day we fund, and $62.50 from the reserve after the broker pays. Our fee is $62.50. Try your own numbers.