The Big Difference
All other factoring companies must receive your paper invoices prior to funding.

But what if you are not in a position or location to create paper invoices? You might be working on a job site or in the field away from your office, traveling, on vacation, etc.? The answer: you probably won't be funded.

Our powerful Factoring Extranet is a virtual office where you, your customers, and our staff work together in real time. The result? Faster funding.

Document Management Virtual Filing Cabinet
Your documents that support your legal right to invoice your customers must be stored in our Virtual Filing Cabinet. There are 2 ways to store them:

Fax paper documents using our barcoded fax cover sheets, or

Upload scanned paper documents or computer files, such as PDFs, Word documents, Excel spreadsheets, etc.

Our Unique Approach
The staff of other factoring companys' collection departments spend all of their time making verification & collection phone calls to their clients' customers. Our verification process involves the use of automated emails to the customer contact decision maker which navigates him or her to a verification web page where he or she approves the invoices in question. Collections are similarly automated. Phone calls are rarely necessary.

We keep your accounting system balanced
Another 21st Capital Corp exclusive
Creating factored invoices in any accounting system, including Quickbooks®, will cause an initial imbalance, because the accounts receivable asset has been sold, cash has been received, and some initial cost has been incurred. The same is true after the invoices have been collected. Therefore, appropriate adjustments must be entered reflecting these events. We are the only factoring company that offers free accounting adjustments, which assures that your accounting system is always in balance, and eliminates the necessity of massive, costly period end accounting adjustments.
 Quickbooks® users (Coming Soon):
If you opt-in, our software will open up a proprietary communications channel to your Quickbooks® and automatically post all necessary accounting adjustments to your Quickbooks®. Your Quickbooks® will always be in balance. However, if you choose not to opt-in, you can still make your own manual adjustments using our suggested entries like non-Quickbooks® users.
 Non-Quickbooks® users:
We post comprehensive recommended accounting adjustments on a web page that details all transfers we have made to your bank account. You can make manual journal entries by copying and pasting these suggested entries into your accounting system for each transfer, or you can do monthly, quarterly or annually.

90% Advance Transactions:
At our discretion, you will have the option of receiving a 90% advance when you release your invoices on our extranet for us to process, for any transaction which meets all of the following tests:
 The total transaction amount, including all invoices, must be $10,000 or greater
 All invoices must have Net 30 day terms, or less
 The customers being billed must have AAA credit
If all these tests are not met, a 90% Advance will not be available, and the transaction will be processed with an 80% Advance (see below). Rebates are only available for 80% Advance transactions and are not applicable for 90% Advance transactions. The Factoring Fee for 90% Advance transactions is a flat 10%.

80% Advance Transactions:
Rebates:
By advancing you 80% of the value of each factored transaction, we actually purchase your invoices at a 20% discount from face value. The discount is comprised of our factoring fee and your "Rebate," which is your share of the 20% discount based upon the Fee Plan and the collection period (see table, below). The sooner your customers pay, the higher your rebate and the lower our fee.

Fee Plans:
Plan 1 is reserved for $50,000 transactions, or greater, with a minimum invoice value of $10,000, and highly creditworthy customers. All other transactions are classified as Plan 2.

Rebate & Factoring Fee Table Rebates are funded daily, as available
	Fee Plans
Collection Period	Plan 1		Plan 2
Number of Days	Rebate	Fee	Rebate	Fee
1 - 10 Days	19%	1%	18%	2%
11 - 20 Days	18%	2%	17%	3%
21 - 30 Days	17%	3%	16%	4%
31 - 40 Days	15%	5%	14%	6%
41 - 50 Days	13%	7%	12%	8%
51 - 60 Days	11%	9%	10%	10%
61 - 70 Days	9%	11%	8%	12%
71 - 80 Days	6%	14%	5%	15%
81 - 90 Days	3%	17%	2%	18%
Over 90 Days	0%	20%	0%	0%
21st Capital Corp is the only factoring company that publishes its factoring fees

Hypothetical Example:
Assuming a $10,000 transaction, Plan 2 & a 30 day collection period, your initial advance will be $8,000, our fee will be $400 and you will receive a rebate $1,600, or a total of $9,600, including the advance. Of course, the rebates & fees for your transactions may differ.