The amount of accounts receivable that would qualify for factoring can vary depending on several factors, including the size and creditworthiness of the business and the creditworthiness of its customers. However, in general, America’s Factors typically considers the following criteria when determining the eligibility of accounts receivable for factoring:
- Invoice Size: America’s Factors has no minimum and maximum invoice size requirements.
- Customer Creditworthiness: America’s Factors assess the creditworthiness of a business’s customers before agreeing to purchase their invoices.
- Invoice Aging: America’s Factors prefers invoices that are not excessively aged or overdue.
- Industry and Geography: America’s Factors specializes in transportation, manufacturing, distributors, staffing, security agencies, consulting firms. oil & gas, and many more industries.
- Volume of Invoices: America’s Factors has no monthly minimum volume requirements.
Ultimately, the eligibility of accounts receivable for factoring is determined on a case-by-case basis, and businesses should consult with America’s Factors to discuss their specific needs and requirements. Factors such as the age, size, and creditworthiness of invoices, as well as the overall financial health of the business, will influence the decision to qualify for factoring.
For more information, please contact America’s Factors at 800-794-6786, complete the Inquiry Form or Online Application.