How long is the application process?
Once we receive your information we can respond within 24 hours with our proposal. The initial funding usually takes 2-3 days with all subsequent fundings being on a daily basis.

Is there an upfront application fee?
No.

Do we have to factor all of our receivables?
No. You may submit all or part of your invoices based on your cash flow needs.

Is Vertex a recourse or non-recourse lender?
Vertex is a recourse lender.

How often may I submit invoicing for funding?
Invoices may be submitted daily.

How often are reserves paid?
Reserves are paid weekly.

How will I keep up with what is happening on my account?
You will have access on-line to view any activity in regard to factored accounts. Also, you will have access to our professionally trained Account Executive. Our Account Executives are there for you and your customers, to insure continuity.

Can Vertex work with companies that have progress or milestone type payments?
Yes, Vertex provides advances on all types of progress billing including construction draws.

What will my customers think?
Unlike several years ago, factoring has become a preferred choice of funding for several industries. It is nothing more than a credit line which banks offer in another form. Most of the customers we have come in contact with are very familiar with factoring and are very receptive.