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What information
do you need for me to start factoring my receivables?
1) Fill out our
Factoring Application and let us review it. We will respond
immediately.
2) After we respond and if your company is factorable, we
will forward a committment letter reflecting your specific
pricing and terms for your review and approval. Begin
the process now -- fill out a free application by clicking
here.
How long does
it take to get funded?
After we review
all the requested documents (which usually takes 24 to 48
hours) we will sign an agreement. Once the agreement is signed
we ask you to submit documentation for credit checking your
customers and verification of initial invoices that you wish
to factor. Upon completion of the credit and verification
funding will occur immediately.
If I have tax
problems will you fund me?
Marathon Financial
has funded companies with IRS or state tax liens. It depends
on monthly volume in relation to the tax lien and if the government
agency will work with us. After we complete our due diligence
we will make every effort to satisfy your needs.
What will my
Customers Think?
This is a very
common question that we often get asked. Establishing a factoring
account is a positive statement to make to your clients. It
shows that your company is growing fast, and that you are
financially strong enough to qualify for this type of financing.
Smaller companies with poor balance sheets usually cannot
qualify for these services.
Do you fund
companies in bankruptcy?
With permission
of the court we will consider funding a bankrupt company.
Do you notify
our customer to pay you, the factor?
Yes. All invoices
are stamped payable to Marathon Financial.
Since factoring is now so common, almost all account debtors
will work with you. The negative connotation of factoring
is yesteryear. Our staff acts as your collection team and
we represent you with professionalism. Also, notification
from a factor usually generates quicker payment since many
factors report payment history to national credit reporting
firms.
What types of
accounts does Marathon Factor?
We are comfortable
in all industries other than third parties medical or construction
related industries. Our primary focus is industry wide manufacturers,
distributors, wholesalers, suppliers, trucking companies,
marketing companies, and most service related businesses.
© 1999-2004 Marathon Financial, Inc. All rights
reserved.
marathonfn@earthlink.net
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