Frequently Asked Questions
Most frequently asked questions can be found below. If there is something else you would like to know that is not listed, feel free to reach out and someone from our team will get right back with you.
What is FactorPSA vs CapitalPSA?
FactorPSA and CapitalPSA are two sides of the same coin, built to support and scale professional services organizations. FactorPSA serves as the financial engine, providing working capital through invoice factoring and offering a real-time dashboard to track receivables, payments, and funding activity. CapitalPSA, on the other hand, is a robust Professional Services Automation (PSA) platform that helps teams manage projects, resources, time tracking, and billing. While CapitalPSA can be used independently, it’s also fully integrated with FactorPSA—creating a seamless flow between operational delivery and financial performance. When used together, organizations that meet a qualifying threshold of capital usage through FactorPSA gain full access to the CapitalPSA platform at no cost.
How does factoring work?
1. Apply online
2. Get approved
3. Submit the invoices you wish to factor
4. Get approved + get funded
How does factoring work? How is qualification determined?
Qualification is determined based on a number of factors. These factors include, but are not limited to, your business cash flow, the strength of your customers, and to a lesser extent your personal and business credit history. You do not have to have perfect credit to work with us. We work with a broad range of clients, including those with below average credit
How much funding will I have access to?
We offer funding between $5,000 and $5,000,000. Your credit line or loan amount will be determined based on a review of your business, personal FICO score, as well as other factors.
Are there termination fees if I want to leave?
No. As long as you have no balances outstanding, and your contract term has ended,you can stop using our services with no penalties or fees.
What information do you need from me in order to apply?
The application is three simple steps that can be completed in minutes.
We ask for:
General information about your business, such as address and Tax ID
Information about the business owner applying, including social security number
current financials and current AR + AP aging.
The information you provide is stored in accordance with our strict Privacy Policy and encrypted to make sure that it is always safe and secure
What businesses are eligible for invoice factoring?
To meet the minimum requirements for Invoice Factoring and you must have a personal credit score of 530 or more.
Any business that serves businesses or governments is eligible for Invoice Factoring. Invoice Factoring is available in all states.
Industries we serve
Professional Services
Many technology companies have a cash-flow gap because most of their customers are taking 30 days or more to pay their invoices. This is a challenge when you need the cash to meet payroll, get caught up on bills and invest in new resources.
Staffing
From payroll funding to payroll processing, staffing software, and back-office solutions we have you covered. Our program options and partner relationships provide resources and tools that lay the groundwork for success.
Software Resellers/VARS
Distributors sometimes offer a 2% discount to their customers who pay in ten days or less. It seems like a logical solution to your working capital issues. While this might work with some of your customers, it will not work with the majority of them, as your customers; also suffer from positive working capital.
B2B Services
B2B Factoring is a financial transaction, it’s when a business sells its accounts receivable (i.e., invoices) to a third party (Factoring Company) at a discounted rate. Businesses factor their receivable assets to meet its immediate cash flow need.
Software
We offer customized factoring programs designed to meet the specific needs of each client. The key features of our factoring solutions include:
Express On-boarding
Month-to-month contracts
High advance rates
Volume-based factoring fees
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