1. What is factoring?
Factoring is the sale of accounts receivable at a discounted rate in exchange for immediate working capital.
2. Do I have to factor all of my invoices?
No, you choose which customers to factor.
3. What is non-recourse factoring?
When we purchase an invoice from you Whitfield assumes the credit risk. If your customer fails to pay, Whitfield incurs the loss.
4. Are there any sign up fees?
No, signing on is always free and easy!
5. How do I get paid?
Payments are rendered electronically via ACH, bank wire, or Comcheck.
6. What are your fees?
Whitfield pays you 96% of your invoice total. Our flat 4% non-recourse program is hassle free.
7. How long does it take to process my application?
Once we receive your completed application Whitfield can begin purchasing your receivables within 24-48 hours.
