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| Why should you choose to do business with EAV Funding Group? |
| When deciding the financial future of your business, you want to be sure that you are working with a firm who has your best interest in mind. EAV Funding Group puts our customer first. We pride ourselves on professionalism, honesty, and integrity and have over 10 years of business experience under our belt. We can help you control your financial debt even if you have less than perfect credit. |
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| Does my company need to have good credit? |
| No! We are different than a bank. When deciding your credit limit, your financial statements aren't necessarily taken into consideration. We look at the strength of the companies with whom you conduct business with. As long as your customers are credit worthy and have shown a good payment history, EAV Funding Group should be able to factor your receivables. |
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| How long does it take to qualify and how fast will I receive my money? |
| Fast! Generally, EAV Funding Group can have a decision to you within 48 hours. Once funding is approved, EAV Funding Group can, in many instances, turn your receivables into cash in as little as 48 to 72 hours after receipt of the invoice. |
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Who decides which invoices to factor?
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You do! One of the great benefits of factoring with EAV Funding Group is that you stay in complete control of your business. You decide what invoices you want to factor and when to factor them.
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| How does it work? |
| Once you set up a factoring account with EAV Funding Group to provide cash against outstanding invoices, each time you generate an invoice for goods or services delivered, simply submit it to EAV Funding Group for immediate payment instead of waiting on your customer. Your customer will pay the factor later. The factor charges a fee for this service. |
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| Will EAV Funding Group accept all of my invoices? |
| The factoring program at EAV Funding Group is designed to grow with your business; your invoices must meet our underwriting and credit standards. Any new invoice you receive may be presented to us for review. The more invoices you send to EAV Funding Group, the more immediate cash is available to you. |
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| Who collects the payments?
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| EAV Funding Group does. When we purchase your invoice, your customer will be notified that the payment should be sent directly to EAV Funding Group. |
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| What will factoring cost me? |
| Factoring generally cost about the same as if you offered a C.O.D. discount to your customers. However, a more important question should be what will it cost you if you do not have the money that you need to run your business? |
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| What if I want to stop factoring? |
| You can terminate your factoring agreement with EAV Funding Group at any time with a 90 day written notice and upon payment of all outstanding Obligations to EAV Funding Group. |
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| Can I send old, overdue invoices to EAV Funding Group? |
| Although EAV Funding Group, like most factoring companies, has a collections department we are not a collection agency. In fact, you're better off factoring the accounts that pay on time rather than slow payers. Factoring the accounts that pay on time rather than slow payers should help minimize your future costs. |
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