Dear {firstName},
Congratulations and thank you for choosing FACTOR KING®. Our firm provides accounts receivables financing for both public and private companies operating in a wide array of sectors and industries. We accept clients of all sizes, however in order to qualify, your business has to be generating invoices for work that has been completed and accepted by your commercial credit worthy customers.
Please feel free to complete this online application by filling it out directly in your web browser. It is our new client application. Upon receiving the completed application, we will begin our due diligence activities. In most cases we are then able to submit a term sheet proposal to you within a day or so. The proposal will outline the terms & conditions, including rates for financing.
On page seven there is a list of additional documents we will need before we can actually begin the funding. Please supply us with as many items as you can. These initial documents along with your completed application are usually enough for us to begin our due diligence process. The rest can follow. In certain cases some of the financial reports may not be easily available. We fully understand- just let us know so we can determine how to best proceed.
The whole application process usually takes between 3 and 5 business days. The faster we get the proper documentation from you, the sooner we can begin funding.
At this point in the process we are not contacting any of your customers. Please be assured that those relationships that you depend on will not be disturbed. We will be checking their credit availability using public record information from sources such as Experian®, Dun & Bradstreet® and others. Again, this will have no residual affect on your company or your customers.
Once we receive the signed term sheet we will produce all of the necessary documents including your Customer Agreement, which is based on the terms and conditions outlined. We will email this package to you and after we receive the signed documents back from you we are ready to begin funding.
Any questions or concerns please call 888 919-7770 x101. We look forward to providing you with much needed capital in the very near term.
Sincerely,
FACTOR KING®