Frequently Asked Questions
How do I apply for a Factoring Line from Catamount Funding?
Applying for a Catamount Funding Factoring Line is a quick and easy process! The simplest way is to apply online by clicking here. If you prefer You can download our application and fax it back to 877-242-0422. (You will need the free Adobe® Reader® to download the application.)
Always feel free to call us toll free at 877-647-8577 or e-mail us and an account executive will assist you today.
What types of industries does Catamount Funding factor?
Catamount Funding works with various industries and we have a diverse client base. Some industries that we provide factoring services for are: transportation, staffing, security firms, fabrication, service companies, manufacturing, wholesale, distribution consulting, machine shops, and contractors. Call us today at 877-647-8577 and see if we can help improve your cash flow!
Will you do business with a start-up company?
YES! Catamount Funding provides accounts receivable financing based primarily on the financial condition the account debtors instead of focusing on the financial condition of the client itself. Therefore, if you are a start up company and know you will have strong paying customers, we can accelerate your cash flow through invoice factoring.
Can you help finance purchase orders?
Yes. Though our extensive network of service providers, we can help you turn a purchase order into an invoice.
What if I have a prior bankruptcy or poor credit?
Many business men and women struggle with their credit ratings. As long as you have strong customers we can assist your business with its working capital needs.
Many factoring companies do not like contractors. Will you factor a contractor?
Yes. If you have strong customers with good credit ratings and you are working on a project with a reputable owner, we are interested.
What will it cost me to factor my invoices?
Depending on various factors, our fees can be as low as 1.0% to 3.0%! Often times this fee can be offset by taking advantage of payment discounts offered by suppliers or simply by reducing monthly bank charges with higher cash balances in your bank account. Call us today at 877-647-8577 or email us at info@catamountfunding.com for a no-obligation customized quote!
Once my Factoring Line is established, what is the turnaround time on getting funds?
Advance requests can be made as frequently as desired by the client We usually fund on the same day the client submits a schedule of invoices for factoring.
Are we obligated to factor all of the accounts?
No. You are not obligated to sell any minimum volume of invoices.
How do you determine the creditworthiness of my customer accounts?
We obtain credit information from various credit reporting agencies and private credit information services. We discreetly review the credit strength of our Client's customer accounts and regularly inform you of any potential risks.
Can I still collect the accounts or will my customer accounts be subject to aggressive third party collection efforts by Catamount Funding?
Yes. In fact, Catamount Funding encourages its clients to participate in the collection process in the interest of nurturing and preserving solid customer relationships. As a financial incentive, the Client's factoring fee is determined by the timilness of invoices payments made on factored invoices. Therefore, the quicker the accounts receivable turnaround, the lower the factoring fee.
Is Catamount Funding a broker?
No. You probably see many "factors" advertising on the Internet. Most of these are brokers. When you call Catamount, you are dealing with the owners who are the decision makers.
Will Catamount Funding work with brokers?
Yes. We work with qualified Brokers who like to refer their deals to Catamount Funding. They know that Catamount Funding will treat their clients with fairness, respect and professionalism that they deserve. Brokers also like Catamount Funding's strong reputation for providing quick answers. To become a Catamount Funding broker (or to refer a deal to Catamount Funding) call us at 877-647-8577 or click here.
Where are you located?
Catamount Funding Headquarters are in Houston, Texas. However, we have offices in Arizona and in Colorado. We work with many growing and established business owners that are trying to take their companies to the next level. Among many locations around the country, we provide factoring in Texas, factoring in Arizona, factoring in Oklahoma and factoring in Colorado to mention a few.