Factors of Puget Sound is a locally owned and operated factoring company specializing in the financing needs of small to medium size businesses. We offer solutions – not obstacles.

About Ud

About Ud

Our Programs

Factoring


Factoring invoices is easy and administratively simple.

As a Factors of Puget Sound client, the following steps are the typical factoring scenario:

The client generates accounts receivable for goods delivered or services provided. Those invoices are submitted to Factors of Puget Sound for processing. Factors of Puget Sound will deposit the cash advance (usually 70 - 85%) into the client’s bank account directly or via electronic deposit or wire transfer. The client is primarily responsible for doing collections on the invoices. This ensures the client retains control over their customer relations. Payment is remitted directly to Factors of Puget Sound when due and the balance or reserve (e.g., the amount not advanced) is due to the client less any factoring fees.


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