WHAT IS FACTORING AND HOW CAN THIS PROCESS BENEFIT ME?

Factoring is a fast and easy way to get the money you earned and must have right now to carry on business and expand instead of waiting 4, 6, or 8 weeks to get paid by your customer.

Simply stated, factoring works like this:  You sell your rights to the payment of your customer’s invoice to a third party (E.G.:  Baker Capital Solutions, LLC or BCS).  BCS then immediately advances you a high percentage of the face value of the invoice while retaining a smaller percentage until your customer settles accounts with BCS.

Factoring allows you to get the cash you earned when you need it and get it FAST.

WHEN I SUBMIT AN INVOICE FOR FACTORING, HOW FAST DO I GET FUNDING?

Real fast.  Submit invoice by fax today and have a check to you by tomorrow (in most cases).  Some accounts can also be set up for instant electronic transfer to your bank account.

DON’T I HAVE TO HAVE A LOT OF BUSINESS BEFORE ANYONE WILL FACTOR MY INVOICES?

With most Factoring companies you do but not with BCS.  We are pleased to work with Small, Medium, and Large Cable Television and Telecom Prime Contractors and Sub Contractors.

MINIMUM REQUIREMENTS?

None.  We enjoy working with all sizes of companies and all sizes of Invoices.

ACCOUNT STARTING FEES?

A one time minor due diligence fee is sometimes applied and taken out at first funding of your account.

EXCLUSIVE CONTRACT?

For the first year BCS has the right of first purchase of any invoice you want to factor.

HOW LONG DO I HAVE TO SUBMIT INVOICES?

It is up to you.  You can start and stop anytime.

DO I HAVE TO FACTOR ALL OF MY INVOICES?

No.  You only factor what you want to factor; you decide. 

WHAT ARE THE FEES?

Here is the simple fee schedule: (Varies but usually the following.  Larger discounts for greater volume available.)

WHAT IS THE INITIAL ADVANCE ON MY INVOICES?

It varies but usually it is 80%-90% of the face value paid IMMEDIATELY to you upon submittal and verification of Invoice.  Remainder, less fees, after your customer settles accounts with BCS, is eventually paid out to you from a reserve account.

READY TO CHECK FURTHER?  JUST DO THE FOLLOWING:

Email or call us and we will send you all the information and documents you need along with simple instructions on how to fill everything out and what documents you need to produce.  Or you can just go to the Home Page and click on “TAKE FRANK’S MONEY PLEASE WITH SUGAR ON TOP Instructions for applying” and just follow the instructions.  A representative is always available days, evenings, weekends to assist you or answer any questions you may have.  Just email us at frank.anderson.ims@tx.rr.com or call Frank Baker at 214-668-2886.