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Factoring

Factoring is an alternative financing option that quickly converts your accounts receivables into cash. NuPoint can establish factoring solutions for your business in as little as 48 hours.

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Get paid in hours instead or weeks or months

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Very flexible terms

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Quick access to growth capital

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Immediate cash to manage business operations

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Simple tool to smooth out cash flow

$1,100,000 equipment financing for

a construction company

RECENTLY COMPLETED

$1,800,000 refinance for car wash

in GA to consolidate multiple loans

into one commercial debt.

RECENTLY COMPLETED

$475,000 AR for metal finishing

company in FL to immediately

purchase new materials for new project

RECENTLY COMPLETED

$150,000 equipment loan for

plumbing contractor

RECENTLY COMPLETED

$800,000 SBA 7a loan for a flooring

company to renovate showroom

and for working capital.

RECENTLY COMPLETED

$4,100,000 apartment building

purchase in CO.

RECENTLY COMPLETED

$7,300,000 shopping center

purchase in FL

RECENTLY COMPLETED

$1,000,000 expansion financing

for a digital marketing company

in NC.

RECENTLY COMPLETED

$1,650,000 expansion financing for

a medical group in TX.

RECENTLY COMPLETED

Factoring Options

Factoring helps small businesses get working capital by selling accounts receivable, or invoices. The goal is for your business to receive cash more quickly than waiting for customer payments. Factoring is not a business loan – it's the sale of an asset (the invoice). Rather, you sell your invoices in exchange for a lump sum of cash. The factoring company then owns the invoices and gets paid when it collects from your customers, typically in 30 to 90 days.

Freight factoring services through NuPoint Commercial Finance can help you spend more time keeping your trucks on the road and less time waiting for your invoices to be paid. Timing is critical in the freight industry, whether you’re waiting at a loading dock for a shipment or waiting for a payment from a customer.  We work hard to ensure that you get paid within hours of pick-up and delivery, without waiting weeks and months to be paid on your invoices.

Business owners in the construction industry rarely ever receive payments from their customers on time. If this situation is affecting your business, construction factoring can help. This arrangement, which is designed specifically for construction companies, allows you to receive most of your invoice value right away rather than waiting as much as two months to be paid. Construction factoring is available for businesses of all sizes, from the small contractor to the multi-million dollar commercial contractor.

When it comes to accounts receivable financing for the healthcare industry, there are two different kinds of companies that can benefit from what’s commonly referred to as healthcare factoring and/or medical factoring. The first type is a vendor who sells goods or provides services to the healthcare industry (medical transcription, nurse staffing, etc.) and the second is a provider that bills third-party payers like Medicare, Medicaid and insurance companies. However, both types of healthcare companies make ideal invoice factoring candidates because each routinely bills creditworthy slow-paying customers. With medical factoring, you’ll have the financial means to hire new staff, open new locations and expand your business however you see fit.

Also known as ‘single-invoice factoring,’ spot factoring allows your business to factor an invoice without entering into a long-term relationship with the factoring company once it’s paid. Traditional invoice factoring arrangements require your company to factor a minimum monthly or yearly amount– or at least, expect customers to factor with the factoring company on a regular basis. Spot factoring is a one-time transaction: you’ll receive an advance on a single invoice instead of committing to a factoring relationship.

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The Business Owner(s) identified above (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to NuPoint Commercial Finance (“NPCF”) are true, accurate and complete, (2) Applicant will immediately notify NPCF of any change in such information or financial condition, (3) Applicant authorizes NPCF to disclose all information and documents that NPCF may obtain, including credit reports and personal information and any information that Applicant may provide to NPCF in Applicant’s application(s) for any NPCF product, service or program, to other persons or entities (collectively, “Assignees”), as follows: (a) to Assignees that may be involved with or acquire commercial loans having daily, weekly, bi-weekly or monthly repayment features, (b) to Assignees that may be involved with purchases of future receivables including Merchant Cash Advance transactions, and (c) to Assignees for the purpose of offering Applicant our products, services or programs or those of third parties that NPCF believes Applicant may find of interest, including, without limitation, equipment finance and/or equipment leasing programs and services (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NPCF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Applicant represents that he or she is authorized to sign this form on behalf of Business Owner(s), (8) Applicant represents that he or she is authorized to sign this form on behalf of Business Owner(s). Applicant hereby consents and agrees, on behalf of itself, as well as Business Owner(s), that NPCF or its agents or representatives may contact Applicant and/or Business Owner(s), possibly via autodialed and/or pre-recorded marketing calls, via telephone or text message (using the land line, cell phone, mobile, or other telephone numbers provided by Applicant and/or Business Owner(s)), or by email (including, without limitation, adding Applicant and/or Business Owner(s) to our newsletter mailing list), using information which Applicant and/or Business Owner(s) or their agents, employees or representatives have provided to NPCF, or using information which is publicly available. I understand that this consent is not a condition of purchase.