DFPI #603-G957
DFPI #603-G957

Frequently Asked Questions

What is Accounts Receivable Financing?
Accounts receivable financing is the selling of outstanding invoices or receivables at a discount to a factoring company. This provides immediate access to cash that is normally tied up for 30, 60 or 90 days in accounts receivable invoices that will allow you to take advantage of growth opportunities, debt reduction and manage your daily expenses.
How much is it going to cost my business?
Our fees depend on the industry, the credit quality of your customers and the advance rates. We ensure that you understand exactly what the cost will be prior to factoring. In addition, we will work with you to help you minimize your fees.
What type of business qualifies for factoring receivables?
Factoring is a financing alternative available to almost any business with commercial accounts. A factor purchases its clients’ creditworthy accounts receivable at a discount providing them with a means of financing their current operations and future growth. Almost any business that is selling on payment terms of N15, N30, N45, or even N60 day terms can benefit from factoring their accounts receivable.
How does factoring differ from a traditional bank loan?
Banks make decisions based on your company’s financial history, cash flow and collateral. Factoring decisions are based on the creditworthiness of your customers. Since factoring is not a loan, you do not carry a liability on your balance sheet. Most importantly, we can get you the funding you need in days while banks generally take weeks or even months.
Can a business with a history of bad credit or a new business with no credit qualify?
Yes! Another benefit of accounts receivable funding is that we rely more on your customer’s creditworthiness than your own. And, as part of our service, we do the research to assess your customer’s creditworthiness for you.
What is required before an invoice may be funded?
Your customer must be creditworthy and your product or service must be completed, delivered, and accepted by that customer.
Must I agree to a minimum or maximum volume?
No. Factor one invoice or as many as you need to meet your cash flow needs.
How will my customers be treated?
At Oxygen Funding, we treat every one of your customers with the highest level of courtesy and professionalism. Our aim is to help your business grow.
Is factoring just for failing companies?
No. Factoring in the past had gained a reputation as a financial “last resort” for faltering businesses. While factoring can help problem businesses, it is primarily a source of financing for new or rapidly growing businesses. Factoring allows businesses to improve their cash flow and quicken their growth by shortening their receivable cycle. By selling their invoices, businesses can eliminate the 30, 60, up to 90 (or more) days to wait for their customers to pay on their accounts.

Learn More

Contact us to learn more about the process and what factoring can do for you and your business.

What our clients & partners are saying

  • "I want to express how impressed I am with your company. You are on top of everything we need to succeed. Knowing that we have a partner ready, willing and able to help us is well worth the price of admission!"
  • "Oxygen Funding is truly an 'A' rated factoring company that faithfully has exceeded our weekly demands for over 3 years with great response time and excellent service. I recommend them to any size and type of company."
  • "I have been working with Oxygen Funding for some time now and they never disappoint. They always take care of my borrower and I hope every business owner that can take advantage of their service – does. "
  • "Oxygen Funding has been instrumental in our plan to rebuild our business after a difficult year. They work closely with us and are very responsive to our needs. We just have to keep working with them and the light of day is around the corner."
  • "Oxygen Funding is always very responsive to our requirements with service that is second to none. We especially value their professionalism when dealing with our clients. Oxygen is a strong ally for us in cash flow and the growth of our company."
  • "As a consultant and broker, I have many choices where I can place my deals. Why I select Oxygen Funding is because they always goes the extra mile to make my clients feel like they are getting the best possible care and rates. In addition, Oxygen doesn't just take the easy deals - they work hard to foster the "Let's get the deal done" philosophy."
  • "Oxygen Funding has been a great partner for our business. Oxygen has allowed us to work with larger companies that demand net 30 or longer terms with their vendors while keeping our cash flow positive."
  • "If any business needs cash flow, they should call Oxygen Funding. They get my company cash for our invoices in less than 24 hours and handle all of the collections. Their staff explained the entire process and worked out a funding program specifically to meet our needs. Now I can focus my time on sales and running my company. Thanks Oxygen Funding, you guys are great!"
  • "We have been dealing with Oxygen Funding, for approximately one year to date. Over the past 30 years we have been in business they are one of our top companies. To date we have dealt with, or currently have dealings with, over 350 companies. Professionalism, Expertise, Knowledge, Service, and Dependability are some of their attributes. I would recommend Oxygen Funding to anyone who is looking for a 5 star Accounts Receivable finance company."
  • "As an Independent Contractor in today's economic climate, its difficult when you have clients who pay in 60 days or more. Oxygen Funding has gone above and beyond funding: they personally oversaw and tailored the factoring setup process with my client. When it would normally take months to get paid, with Oxygen, invoice amount payments are over-nighted direct. The staff has been very friendly and courteous every step along the way."
  • "My challenge as a small consulting business is not about getting the work but rather getting paid in a timely way without having to track down invoices. I have lots of work but don't always have the cash that goes with it! Now, with Oxygen Funding working with me, I don't have to spend my time worrying about cash flow and I can focus on giving my clients quality work."
  • "I could not have "partnered up" with a better organization. From the top to the bottom, the Oxygen Finance Team was the epitome of service...service and more service! I will recommend you to all my other business associates. Thanks...again guys."
  • "It has been our pleasure to work with Oxygen Funding for all of our business needs. Adam and the entire staff have been truly wonderful to work with. They are efficient, courteous, and extremely professional when dealing with our clients. We have previously worked with a competitor and were very unhappy with their services. I would recommend Oxygen Funding to any business owner large or small."
  • "I've had the pleasure of working with Oxygen Funding for over a year and have found them to be fair, honest, and focused on treating clients with integrity and respect. I have learned to trust their judgment and perspective, gained from both business experience and simple common sense."
  • "Oxygen Funding has been a breath of fresh air! The staff is friendly and efficient. They are so easy to work with it makes funding a breeze!"
  • "Oxygen Funding has been a joy to work with. They have taken the time to explain each facet of their funding procedures and are always ready to answer questions. They are friendly and knowledgeable and I would recommend them to anyone looking for professional funding solutions with a strong customer service attitude."
  • "Oxygen Funding lives up to their promise to treat each client as their most valued client. Oxygen Funding is right on time every time we call."
  • "Thank you so much for partnership Adam. I truly appreciate everything you've done to help me grow over the years."
  • "Thank you for being such a great asset to my company."
  • "Hi, more good news! Our client, a large grocery store chain, just accepted our latest offer and will purchase a significant amount of cabernet from us later this year. Thanks for making this possible."
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    All California loans made or arranged pursuant to a California Finance Lenders Law License #603-G957