Please use this form to generate a preliminary application for our factoring services.
You will be contacted shortly regarding your application.
How long has UC Factors been factoring accounts receivable?
Since 1976
Is there a set up Fee?
No, we absorb 100% of the cost of qualifying and preparing all documents for a new client.
How long does it take to process an application?
The majority of our applications are processed within 24 to 48 hours.
Do we have to factor everything in order to qualify?
NO, as long as you meet the minimum volume requirement per month, there is no other obligations pertaining to volume.
Do you mail my invoices daily to my customers?
Invoices are mailed the same day we receive them with all the necessary paperwork your customers requires to pay the freight bill.
How can I be assured that you will do everything you say that you will do?
We are happy to supply you with past and present client references. Management makes our Agreements, not high-pressured sales people who will say whatever it takes to get your business and then never follow through with their commitments.
Does UC Factors require a long-term contract?
No
Will UC Factors factor for a new business?
Yes, as long as the owner of the business can give references that show he or she is knowledgeable and experienced in the industry their business belongs to.
How does UC Factors handle collections?
UC Factors is extremely professional in handling collections. Your customers are treated as if they were our customers. We are very diligent about making calls at the appropriate time but we are careful to treat your customer with professional courtesy.
How long does it take to check credit on a new account debtor?
If the account can be found in our credit books or our computer database files, UC Factors can respond within minutes. If the account has to be checked out by a bank reference and trade references, it might take a few days to get back to you. Our response depends on the response of the references.
How long does it take to return residuals?
The same day your customer's check is received by us.
What types of filings are made in connection with your factoring program?
We place a Uniform Commercial Code filing with the Secretary of State against all present and future accounts receivable in the state where our client resides. We must have first position on this filing in order to buy the accounts of our clients.
Why is there a filing against all present and future accounts receivable, if I can select the invoices I wish to sell and the ones I wish to carry on my own and not factor them?
There is no other practical way to make a single filing that will allow factoring of any receivable you wish to sell. Also accounts the client doesn't sell become collateral for the faithful performance of our client in following the rules of our Security Agreement. There is also a concern that if we don't cover all receivables, there is a possibility we could be buying someone else's collateral at a later date.
