CapFlow Funding Group Launches New FactorLOC Product to Enhance Business Financing Solutions
Glen Rock, NJ, Sept. 24, 2024 — CapFlow Funding Group is proud to announce the launch of its latest working capital solution, the FactorLOC (Factoring Line of Credit) product. Designed to provide businesses with flexible, short-term financing, FactorLOC serves as a bridge between traditional invoice factoring and lines of credit, offering a unique funding option for companies at various stages of growth.
FactorLOC enables businesses to improve their cash flow by securing a fixed line of credit based primarily on accounts receivable but may also include inventory and equipment as collateral.
This new product offers a more flexible alternative to traditional financing, giving businesses quick access to working capital without debtor notification.
With FactorLOC, companies can benefit from:
Enhanced Cash Flow: Immediate access to working capital based on receivables, inventory, and equipment
Graduate to Invoice Factoring: Funding that grows with the business that can be converted to traditional factoring
No Notice of Assignment: Submit invoices for funding without a notice of assignment to your debtors.
Faster Funding: Streamlined approval process for quicker access to funds than traditional invoice factoring
"FactorLOC is positioned to fill a crucial gap in business financing," said Andrew Coon, CEO of CapFlow Funding Group. "It’s perfect for businesses that need a transitional product offering between traditional invoice factoring and revenue-based financing, helping them scale and move toward more traditional financial solutions."
The FactorLOC product offers businesses flexible advance rates of 40–60% of the value of submitted invoices. The factoring rate fee for FactorLOC ranges from 3–6% per month, which is a more cost-effective alternative to other asset-based or revenue-based financing solutions.
This product is ideal for companies with working capital needs ranging from $50,000 to $500,000, providing business owners with tailored solutions based on their specific needs. FactorLOC accommodates debtor concentration and other collateral assets, offering businesses more flexibility in securing financing.
About CapFlow Funding Group
CapFlow Funding Group is a leading provider of customized financial solutions, specializing in invoice factoring, FactorLOC, micro-factoring, 2nd position factoring and other working capital solutions for small and medium-sized businesses. CapFlow’s innovative approach to business financing helps companies achieve growth while maintaining flexibility and control.