Flex-Factor Program

The Flex-Factor Program is a hybrid of Spot Factoring and conventional full service factoring programs offered by the majority of our competitors.

It allows Clients with multiple smaller invoices to take advantage of this unique financing tool. Businesses in this situation are often not good candidates for a conventional factoring program due to the very high administration costs involved in processing, monitoring and collecting these accounts. All invoices for selected customer accounts are paid jointly to Philmark and our Client whether funds are advanced or not. Costs are incurred only to invoices actually factored and funds advanced.

There is no need for written acknowledgement of the invoice(s) selected to be factored, so funds are advanced immediately as invoices are generated. The advance rate is slightly lower than our Spot Factoring Program to allow for possible credit notes and offset.