Factoring is everywhere but the industry itself is discredited and misunderstood -- whether for lack of transparency, no regulation, or misleading advertising. IPS is different because we offer invoice financing without factoring conditions.
IPS | FACTORING INDUSTRY | |
---|---|---|
Funding within 8 business hours | √ | × |
One-page application | √ | × |
No PPSA before approval | √ | × |
Same-day approval | √ | × |
No binding contract | √ | × |
No underwriting fee | √ | × |
No buyout fee | √ | × |
No tier system fee | √ | × |
No General Security Agreement | √ | × |
No minimum requirement | √ | × |
No maximum limit | √ | × |
Full advance | √ | × |
No fee for credit checks | √ | × |
No lockbox fee | √ | × |
No misdirected fee | √ | × |
Partial release option | √ | × |
Electronic deposit for clients | √ | × |
Electronic payment for payers | √ | × |
No penalty for termination | √ | × |
The concept of non-recourse comes up often in finance. It seeks to reassure invoice financing clients that even if a customer fails to pay an invoice, the finance company assumes the risk.
Well, non-recourse comes with many conditions and restrictions and applies to very few situations. This is why we choose the simplicity and transparency of recourse financing.
No misleading fine print or guessing which invoices qualify for non-recourse
Flexibility as to which invoices you want to finance with no limits on the volume
Respectful and hassle-free relationship between your customers and IPS
Providing our clients with a transparent and seamless service is our goal. Reach out today to see if our 8-hour invoice payment solution is right for your business.