What is Invoice Factoring? | RMP Capital Corp FAQ

FREQUENTLY ASKED QUESTIONS
What is invoice factoring?
Invoice factoring is the purchase of an invoice, at a discount, in exchange for immediate funds.

How can invoice factoring help my business?
By converting accounts receivable to immediate cash, your company can unlock a typically frozen asset and fund working capital, payroll, pay taxes, stock inventory or raw goods, purchase advertising, and build new product lines among many others.

How do I get started?
You can either contact RMP Capital Corp or download an application to get started. After you complete an application, your application will be reviewed and, if you qualify, a proposal with all terms and conditions of our program will be issued. Following your acceptance of the proposal, and remittance of basic financial information, your request will be reviewed and RMP Capital Corp can begin to fund your accounts receivable.

What if I have back taxes, historical losses, or poor credit?
RMP Capital Corp takes great pride in overcoming obstacles. We offer creative solutions, not turndowns. Contact us today to see how we can help your business

What is the process to fund my invoices?
When you create an invoice, it will be submitted to RMP Capital Corp for review and verification. Invoice verification is a great tool which can help your business while assuring RMP Capital Corp that the invoice purchased is going to be paid. We call your customer to verify the amount is owing and, if there is a problem, we alert you so that you may resolve the issue. Upon successful verification, RMP Capital Corp will approve the invoice purchase and fund your company. When the invoice is paid, RMP Capital Corp will release any reserve withheld, less any fees, to you.