The Competition
Us
Us
Personal Guaranty

Yes

Yes

Yes

 

No restrictive personal guaranty requirement.

Term Agreement

Up to 2 Years

Term Agreement

Term Agreement

 

Term agreements depend on your individual needs.

Rates

Competitive

Competitive

Competitive

Access to Decision Makers

Rarely

Yes

Yes

 

Access to decision makers is vital to a successful relationship.

Voice Mail

Usually

No

No

 

You receive personal attention every time you call.

Client Retains Control of Invoicing

Sometimes

Always

Always

 

The invoicing process stays under your control.

Can Select Invoices to be Factored

Sometimes

Always

Always

 

You can choose the invoices you want to factor when and how often.

Can Age Invoices Prior to Factoring

Sometimes

Always

Always

 

You can choose to factor an invoice when the time is right for you.

Require Original Invoices for Funding

Sometimes

Fax or e-mail

Fax or e-mail

 

We do not require you to send your original invoices. You can send us copies by fax or e-mail.

Invoice Funding is Prompt

Usually

Yes

Yes

 

You could receive funding in as little as 24 hours (depending on our partner’s ability to enter and confirm your invoice).

Electronic Transfers

Sometimes

Yes

Yes

 

Receive money into your operating account via electronic transfer.

Fees Start on the Day of Funding

Yes

Day after funding

Day after funding

 

Fees start the day after transfer of funds, not the day of transfer.

Fees Stop

When payment Clears

On receipt of Payment

On receipt of Payment

 

You will not be charged for float days. Fees stop accruing the moment payment is received at our lock box, not when payment is cleared.

Invoice Chargeback

60-90 Days

90-120 Days

90-120 Days

 

Hamilton helps to reduce charge backs by providing an additional 30 days for collection

Recourse or Non-recourse

Recourse

Modified Non-Recourse

Modified Non-Recourse

 

Modified non-recourse programs help to prevent you from being hurt by credit losses.

Requires Lien on All Assets

Yes

No

No

 

The only assets you pledge are accounts receivable and general intangibles.

24-hour Online Account Access

Sometimes

Yes

Yes

 

Access and manage your account information through Hamilton’s secure, easy-to-navigate online reporting system.

Universal Terms

 

 

 

 

The Competition

Us

Us

Funding for Sole Proprietorship

Rarely

No

No

Lien on Accounts Receivable
and General Intangibles

Yes

Yes

Yes

Due Diligence Fees

Yes

Yes

Yes

Confirmation of Invoices

Yes

Yes

Yes

Redirection of Payment

Yes

Yes

Yes

Payment to Lockbox

Yes

Yes

Yes

Credit Limits

Yes

Yes

Yes

Concentration Restrictions

Yes

Yes

Yes