Specialists in
Small Business Factoring
866 432 2408
© Copyright Dash Point Financial, 2001-2013. All Rights Reserved.
Tel 866 432 2408
Fax 253 883 1834
|
|
Dash Point Financial |
Factor 2 |
Factor 3 |
|
Recourse/Non-recourse |
Recourse |
__________ |
__________ |
|
Credit Line |
$10k to start |
__________ |
__________ |
|
Advance Rate |
75-80% to start |
__________ |
__________ |
|
Personal Guarantee |
Yes |
__________ |
__________ |
|
Validity Guarantee |
Yes |
__________ |
__________ |
|
|
|
|
|
|
Setup Fees: |
|
|
|
|
Application Fee |
$0 |
__________ |
__________ |
|
Due Diligence Fees |
$0 |
__________ |
__________ |
|
UCC / Filing Fees |
$0 |
__________ |
__________ |
|
Documentation Fees |
$0 |
__________ |
__________ |
|
(Atty. fees, UCC filing fees, etc.) |
|
|
|
|
|
|
|
|
|
Ongoing Minimums & Charges: |
|
|
|
|
Min. monthly ongoing invoice volume |
$0 |
__________ |
__________ |
|
Minimum monthly funding fee |
$0 |
__________ |
__________ |
|
Discount fee (every ___ days) |
1% every 7 days |
__________ |
__________ |
|
Minimum Discount per invoice |
$10 |
__________ |
__________ |
|
Origination Fee / Renewal Fee |
$0 |
__________ |
__________ |
|
Administrative Fees |
$0 |
__________ |
__________ |
|
Facility Fee |
$0 |
__________ |
__________ |
|
Monthly Lockbox Fee |
$0 |
__________ |
__________ |
|
Credit Check Fee |
$0 |
__________ |
__________ |
|
Monthly lien searches |
$0 |
__________ |
__________ |
|
|
|
|
|
|
Funds Transfer Charges: |
|
|
|
|
ACH fee (electronic funds transfer) - arr. next day |
$0 |
__________ |
__________ |
|
Wire transfer fee - arrive same day |
$15 (optional) |
__________ |
__________ |
|
Overnight check fee |
Checks not used |
__________ |
__________ |
|
|
|
|
|
|
Other Charges: |
|
|
|
|
Charge for same day funding |
$0 |
__________ |
__________ |
|
Min. factor fees req'd over life of acct. |
$0 |
__________ |
__________ |
|
Inactivity fee if no activity for ___ days |
$0 |
__________ |
__________ |
|
Early termination fee |
$0 |
__________ |
__________ |
|
Forwarding fee to send $ to a new factor |
$0 |
__________ |
__________ |
|
Missing notation fee (factor notation on invoice) |
$0 |
__________ |
__________ |
|
Check conversion penalty |
15% |
__________ |
__________ |
|
Processing Fee for unfactored invoices |
$0-10 |
__________ |
__________ |
|
Other fees |
None |
__________ |
__________ |
|
|
|
|
|
|
General Practices: |
|
|
|
|
How long to set up account? |
Usu. 2-3 bus. days |
__________ |
__________ |
|
Time to get new customer credit approval |
1 day or less |
__________ |
__________ |
|
Frequency of rebate payments |
At least weekly |
__________ |
__________ |
|
Float - # of days for customer checks to clear |
0 |
__________ |
__________ |
|
Spot factoring |
No |
__________ |
__________ |
|
Length of contract |
No term |
__________ |
__________ |
|
Automatically renewing contract (y/n) |
N/A |
__________ |
__________ |