Transparent Fees, No Surprises
At Factor & Fund, we believe in clear and straightforward pricing. Our fee structure is designed to offer competitive rates while keeping things simple, so you know exactly what you're paying from day one.
Factoring Rates
Our factoring rates are based on the value and duration of your invoices, offering flexibility that works with your cash flow needs. With rates between 2.25% and 7% per invoice, we provide the liquidity your business needs to keep moving forward. These rates apply for invoices financed for 30 days, with extensions available up to 90 days, charged on a 30-day basis.
Rate Overview:
- Standard Rate: 2.25% to 7% per invoice (for 30 days).
- Extended Terms: Invoices financed for 60 to 90 days will accrue interest based on the 30-day rate.
Example: For an invoice valued at $10,000, financed at a rate of 3%, the cost for 30 days would be $300.
Approval Fee
We charge a 1.5% approval fee as a one-time cost for each deal. This fee covers the initial setup, credit analysis, and approval process for your factoring contract. Once your company is approved, and as long as the invoices come from the same customer under the same contract, you won’t be charged this fee again.
Key Points:
- One-Time Fee: 1.5% of the invoice value, applied upon initial approval.
- No Repeated Charges: This fee is only charged once per contract. If you continue factoring invoices with the same customer under the same agreement, you won’t be charged again.
Example: For an invoice valued at $50,000, the one-time approval fee would be $750. This is only paid once at the start of the contract.
No Hidden Fees
At Factor & Fund, we pride ourselves on transparency. There are no hidden fees or unexpected costs. What you see is what you get—clear, upfront pricing that ensures you know exactly what you’re paying.
- No Monthly Maintenance Fees: We don’t charge ongoing service fees.
- No Early Termination Fees: If your customer pays early, you won’t face penalties.
- No Surprise Costs: Every fee is communicated clearly upfront.
How Our Fees Work
Our fees are designed to be easy to understand. Here’s a breakdown of how they apply:
- Factoring Interest: This is charged per invoice and calculated based on the amount and the term (30, 60, or 90 days). The interest is deducted once your customer pays the invoice.
- Approval Fee: A one-time fee charged upon approval of your first contract. This is deducted from the first funded invoice.
- Invoice Settlement: Once your customer pays the invoice, the remaining balance is transferred to your account after deducting our fees.
What You Pay, When You Pay It
To make it easy for you to plan your finances, here’s a quick guide to when and how fees are applied:
- Approval Fee: Deducted at the start of your contract when the first invoice is funded.
- Factoring Interest: Deducted from the payment once your customer settles the invoice.
We are committed to helping your business grow without the burden of complex or excessive fees.
Transparent Fees, Tailored to Your Needs
With Factor & Fund, you’re not just getting fast and flexible financing—you’re getting transparent, competitive pricing that puts you in control. Our simple fee structure is designed to help your business thrive without unexpected costs.