The Factoring Process

How Does Accounts Receivable Financing Work?

Accounts receivable financing is really quite simple:

1. You provide goods or services to another creditworthy business on terms.
   
   
2. You send the invoice to HomeCoast Capital along with any support documentation (i.e. purchase orders, contracts, etc.).
   
   
3. HomeCoast will verify the validity of the invoice, give notice of assignment to your customer and forward the invoice to your customer.
   
   
4. HomeCoast will advance you up to 85% of the invoice amount, typically within 24 hours.
   
   
5. Your customer will pay the invoice with a check made out to your company but send it to a designated HomeCoast Capital lock box.
   
   
6. HomeCoast will deduct our factoring charge from the invoice and remit the balance to you.