If I am a start-up business will I be able to get funding from JSI?
Yes, we are a Non-Recourse Factoring Company which means we rely on your customer's ability to pay (their credit worthiness).
How long does it take after I have submitted my application to get approved for factoring?
Once we receive the completed application and supporting documents, most applications are processed within 2 business days.
Once I am approved how long does it take to get funded?
We offer funding within 24 hours of receipt of approved invoices. Most, however are funded the same day, if schedules of approved invoices are faxed before noon and originals are received the same afternoon. We provide you with a funding schedule in writing when you sign-up for our factoring services.
Do I have to factor all my invoices?
No, at JSI you can factor your entire portfolio or only select accounts. But we do require that once you start factoring a particular debtor you always factor that particular debtor.
How long do I have to factor my accounts receivable?
At JSI there are no time constraints, that is, you can factor for as long as you want unlike most companies that require you to factor for a minimum of one year.
