FAQ

Q: How long until I get cash?
A: It normally takes 48 hours to fund your first invoices. Subsequent invoices are purchased the same day, provided we receive them by 12:30.

Q: Do you do my credit work?
A: We are online with the various credit databases and perform full credit services, usually eliminating any need for your company to do its own customer credit work.

Q: What industries do you factor?
A: We deal in all industries, with the exception third party medical.

Q: Do I qualify even if I'm just starting a business and have no credit?
A: Yes, you can, if you have creditworthy customers.

Q: Does receivables financing make good business sense?
A: Yes! Thousands of firms like IBM, Georgia Pacific and Shell Oil use this financial tool. Now your business can take advantage of this proven, debt-free, and flexible method to effectively multiply your working capital.

Q: How long am I committed to factoring my receivables?
A: You make that determination. Crown Capital Funding typically does not require contract periods.

Q: Are government receivables acceptable?
A: Yes. Since these are common, there are several funding sources that specialize in this area.

Q: What if my assets are already pledged?
A: We must have a first lien position on your accounts receivable. If they are pledged, subordination from the senior lien holder must be obtained.

Q: What if my customer files bankruptcy?
A: We suffer the loss if our contract is non-recourse, while you take the loss on a recourse contract.

Q: How are invoices verified?
A: We use a variety of written and verbal methods to ensure that payment is expected on any invoices that we purchase. Our procedures are designed to ensure that your customers are not unduly inconvenienced.

Q: Must I factor all of my receivables?
A: No. Factor what you want, when you want.

Q: What are your typical advance rates?
A: Advance rates depend on your industry and situation/will pay up to 90%.

Crown Capital Funding buys and pays cash for Mortgage Notes, Seller Financed Mortgages, FSBO, Settlements, Liens, Mobile Home Notes, Royalty payments, Trust Deeds, Privately held Mortgages, Lease options, Business Notes, Legal Settlements, Lotteries, Annuities, Real Estate Notes, Inheritances, Portfolios, Car paper, Commercial Loans, Account Receivable Factoring, Equipment Leasing, and other notes and cash flows that originate in the United States only.