Answers to commonly asked questions

Q: What types of businesses are eligible for factoring?
A: Any business that sells to other businesses on terms is eligible for factoring. Our clients include service firms, manufacturers, wholesalers and distributors.

Q: How long does it take to start?
A: LSQ Funding Group reviews all applications the day they are received. Upon review of your application, a representative will contact you to design a financing or accounts receivable management program customized to your needs. If your application is complete, we will contact you to discuss a proposal within twenty-four hours. If you accept the terms of our proposal, you could receive your first advance within several days.

Q: Will LSQ Funding Group purchase existing receivables?
A: Yes. In most cases, our clients seek an advance on their existing invoices.

Q: How quickly will we receive funding after we submit invoices?
A: Clients that submit invoices before 12:00PM EST receive same day funding.

Q: How does factoring affect my relationship with my customer?
A: LSQ Funding Group is a business process outsourcing firm. Your customers are notified that you have entered into a relationship with LSQ to centralize and outsource your receivable and credit management functions. We act as a dedicated intermediary, enhancing the responsiveness of customer account inquiries.

Q: Will factoring interfere with my ability to obtain traditional bank financing?
A: With LSQ Funding Group as your financial partner you will experience improved cash flow, reduced operational expenses and greater profitability. Our goal is to support your growing and dynamic business. With our assistance, our clients are able to more rapidly surmount the financial hurdles necessary to obtain bank financing. LSQ Funding Group is a partner in your growth.