Switch your factoring company
Stuck with hidden fees, slow reserves or an auto-renewing contract? We do the paperwork to move you over.
- Send us your current contract. We read it and tell you the notice period, any buyout amount and the earliest date you can leave.
- We work out the buyout. We contact your current factor for the open balance and agree how it gets paid off.
- We handle the Letter of Release. Your old factor releases its claim on your invoices, and we send new notices to your brokers.
- Start factoring with us. Once the release is on file, your invoices fund at one flat 2.5%.
We can't fund invoices until your old factor's Letter of Release is on file. That protects you from double claims on the same invoice.