Factoring with Interstate Capital

How does factoring with Interstate Capital work?

Taking advantage of our factoring services is quick and easy. An Interstate Capital factoring account manager will get you started. We will then assign you a factoring collection specialist who, together with your account manager, will complete your customer service team.

This is how factoring with Interstate Capital works:

1. Interstate Capital will advance you a large percentage of your invoice amount within 24 hours of the invoice date.
2. The account debtor (your customer) is put on notice that payment must be remitted to Interstate Capital.
3. Upon receipt of payment from your customer, Interstate Capital disburses to you the balance of the invoice amount not initially advanced, minus our fee.

As a client, you can:

• Establish and access credit limits for your customers over the Internet.
• Deliver invoices via fax, overnight courier or e-mail, depending on your industry.
• Designate how you want to receive your funds (i.e. wire transfer, ACH transfer, Federal Express®, or U.S. Mail).
• Work as a partner with your factoring collection specialist to maintain status of your customers’ payments.
• Track the status of your factored invoices and payments through eFactor, our real-time, online reporting system.

As an Interstate Capital customer, you will receive:

• Immediate cash against receivables.
• Experienced and diligent account managers who can answer your questions, walk you through the factoring process and service your account as if you are their only client.
• Expert collection specialists who can ensure the highest possible collection success, taking invoice collection worries out of your hands.
• Easy storage and retrieval of all of your credit limits assigned by Interstate Capital through our online, proprietary credit inquiry system.
• Access to all of your reports through eFactor, our customizable, real-time online reporting system.
• Mailing for all of your customer invoices, either physically or electronically.

About Interstate Capital

Interstate Capital Corporation saves you time and money by speeding up your cash flow, increasing your profitability, and growing your business. Formed in 1993 in Santa Teresa, New Mexico, originally focused its factoring business in the apparel and "maquiladora" industries in the US-Mexico border states. Interstate Capital expanded in the mid-1990s throughout North America and into the transportation, manufacturing/wholesale distribution, oilfield service and staffing industries.

Today, the Interstate Capital group of companies employs more than 85 dedicated professionals and has successfully funded over 8,000 motor carriers, freight brokers, manufacturers, staffing services, oilfield service, and other service businesses since its founding. With locations in California, Texas, and New Mexico, they purchases nearly $1 billion dollars of invoices annually from thousands of clients located throughout North America.

Interstate Capital owns its own transportation credit bureau and the world’s largest FREE freight matching site, www.FreeFreightSearch.com, which posts nearly a million loads per month and gives members 24/7 access to 10,000+ free freight broker credit reports. Our team of 20 dedicated, experienced account managers provides one-on-one client servicing to ensure personalized attention.

Interstate Capital’s Corporation saves you time and money by speeding up your cash flow, increasing your profitability, and growing your business. Formed in 1993 in Santa Teresa, New Mexico, originally focused its factoring business in the apparel and "maquiladora" industries in the US-Mexico border states. They expanded in the mid-1990s throughout North America and into the transportation, manufacturing/wholesale distribution, oilfield service and staffing industries.