Invoice Factoring Application - Alliance for Contractors

Alliance Integration Benefits: Our invoice factoring program provides immediate cash flow acceleration through strategic financial partnerships. We offer competitive factoring rates, flexible recourse options, and comprehensive credit management services specifically designed for contractors. Transform your outstanding invoices into immediate working capital while we handle collections and credit risk management.

1. COMPANY INFORMATION

Legal Business Name:

DBA (If Different):

Business Address:

City:

State:

ZIP Code:

Federal Tax ID/EIN:

Business Phone:

Email Address:

Years in Business:

Business Type:

Primary Industry:

2. BUSINESS FINANCIAL INFORMATION

Annual Revenue (Current Year):

Monthly Invoice Volume:

Average Invoice Amount:

Total Outstanding A/R:

Typical Payment Terms:

Average Collection Period (Days):

3. FACTORING PREFERENCES & REQUIREMENTS

Desired Factoring Amount:

Preferred Advance Rate:

Recourse Options:

Recourse Factoring (Lower rates, you assume credit risk)

Non-Recourse Factoring (Higher rates, we assume credit risk)

Factoring Type Preference:

Spot Factoring (Individual invoices as needed)

Ongoing Factoring Agreement (Regular factoring arrangement)

4. CREDIT MANAGEMENT SERVICES

Select additional services you would like Alliance to provide:

Customer Credit Checks & Monitoring

Professional Collections Services

Complete A/R Management

Trade Credit Insurance

Online Reporting & Account Management

5. CUSTOMER/DEBTOR INFORMATION

Please provide information about your top 5 customers (those you plan to factor):

Customer Name	Monthly Volume	Payment Terms	Relationship Length	Credit Quality

6. BANKING INFORMATION

Primary Bank Name:

Account Type:

Routing Number:

Account Number:

Bank Contact Name:

Bank Phone:

7. BUSINESS REFERENCES

Accountant/CPA Name:

Phone:

Attorney Name:

Phone:

Primary Supplier Name:

Phone:

8. TERMS AND CONDITIONS

INVOICE FACTORING AGREEMENT TERMS:

By submitting this application, I/we acknowledge and agree to the following:

1. FACTORING PROCESS: Alliance for Contractors will purchase approved invoices at the agreed-upon advance rate. We will collect payment directly from your customers and remit the reserve amount (less fees) upon collection.

2. FACTORING FEES: Fees are calculated based on the creditworthiness of your customers, invoice volume, and chosen recourse option. Typical rates range from 1.5% to 4.5% per month.

3. CREDIT APPROVAL: All customer accounts must be approved by Alliance before factoring. We reserve the right to decline any invoice or customer account.

4. RECOURSE VS. NON-RECOURSE: Recourse factoring requires you to buy back any invoice unpaid after 90 days. Non-recourse factoring transfers credit risk to Alliance (approved accounts only).

5. NOTIFICATION: Alliance will handle all collections professionally. Your customers will be notified that invoices have been assigned to Alliance for payment processing.

6. DOCUMENTATION: You must provide clean, accurate invoices with proper supporting documentation and proof of delivery/completion.

7. PERSONAL GUARANTEE: Business owners with less than 25% ownership may be required to provide personal guarantees.

8. TERMINATION: Either party may terminate this agreement with 30 days written notice. All outstanding obligations must be satisfied upon termination.

I have read, understood, and agree to the terms and conditions outlined above.

I authorize Alliance for Contractors to perform credit checks on my business and personal credit as needed for this application.

I consent to receive all communications, agreements, and documents electronically.

9. SIGNATURES AND AUTHORIZATION

I certify that the information provided in this application is true and accurate. I understand that any false statements may result in denial of factoring services. I authorize Alliance for Contractors to verify all information provided and to obtain credit reports as necessary.

Applicant Signature

Print Name:

Title:

Date:

Co-Applicant/Partner Signature (if applicable)

Print Name:

Title:

Date:

Next Steps: Upon receipt of your completed application, an Alliance factoring specialist will contact you within 24 hours to discuss your needs and begin the approval process. We typically provide initial approval decisions within 48-72 hours and can begin factoring your invoices immediately upon completion of our due diligence process.

Alliance for Contractors - Invoice Factoring Division
Accelerating Cash Flow for Construction Professionals
www.allianceforcontractors.com | [email protected]

ALLIANCE FOR CONTRACTORS

1. COMPANY INFORMATION

2. BUSINESS FINANCIAL INFORMATION

3. FACTORING PREFERENCES & REQUIREMENTS

Recourse Options:

Factoring Type Preference:

4. CREDIT MANAGEMENT SERVICES

5. CUSTOMER/DEBTOR INFORMATION

6. BANKING INFORMATION

7. BUSINESS REFERENCES

8. TERMS AND CONDITIONS

9. SIGNATURES AND AUTHORIZATION