"Thank you! I have been very pleased with and impressed by your business. Everyone has been very nice and has gone out of his/her way to take care of me. I look forward to factoring more from you in the future." L. Chavez – California
What is factoring?
Factoring is simply the sale of your accounts receivables at a discount to us, in exchange for immediate payment.
After invoices are submitted and verified, CJM Financial, Inc. will provide same day funding.
It’s easy to factor your receivables for immediate cash with CJM Financial, Inc.
Once you are approved for factoring, you are assigned a personal account executive to guide you along the way. If you need a last minute credit check or a payout of your reserve, your account executive will be there for you. They are knowledgeable in the industry and can provide you with strong support for your factoring needs.
It works like this (It's really this simple)
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1) We establish a credit limit on the customers you submit for invoice factoring
- • Tell us their business name, address, and amount you need
- • We pull credit and establish a limit that same day
- 2) You deliver your product or service as usual
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3) You send or deliver your invoices directly to CJM Financial, Inc.
- • Attach the proof of delivery and rate confirmation you usually send to your customer
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4) You receive your cash from CJM Financial, Inc.
- • We pay you by check, T-Chek, or ACH the same day
- • We retain our agreed fee for service
- 5) We forward your invoices to your customers and they pay us directly.
For Example:
You have an invoice for $1000.00
Factoring Fee (3.0%) - $30.00
Your Reserve Account (2%) - $20.00
Invoice Fee - $1.50
You receive payment of $948.50