1. You send your invoices to Aberdeen
Fax or email us your invoices and supporting documents (time sheets, ad rate sheets, trucking bills, etc.)
2. Aberdeen advances funds on invoice total on the same day
Once approved, we’ll advance funds directly into your bank account in 24 hours after we receive your invoices. Advances range from 70% to 90% of the invoice.
3. You use your cash for business opportunities
Pay your business overheads, purchases, payroll, or any other business expenses you deem necessary.
4. Your customer pays their invoice direct to Aberdeen
The reserve is the portion of the invoice not funded in the advance. When the check arrives in our office, we’ll apply it to your account and make the reserve available the same day, minus the discount for the number of days the invoice was outstanding.
5. Aberdeen refunds remaining reserve (after discount) to you
Discounts vary based on the time in which the invoice is paid. Talk to us and we'll come up with a rate that suits you.
Once your account is open, you fax or email a $1,000 invoice to Aberdeen for funding.
Here’s what will happen:
The same day we receive the invoice and the backup documentation we’ll advance 85% or, in this example, $850 directly into your bank account; this advance is yours to do with what you’d like.
Here’s how the fee structure works:
HOW FACTORING WITH ABERDEEN WORKS
Why wait 30, 60 or 90 days to get paid for your invoices?
Aberdeen Funding can get you cash and keep your products moving.
1. Send the Invoices
Fax or email us your invoices and supporting documents (time sheets, ad rate sheets, trucking bills, etc.)
2. We send you cash!
Once approved, we’ll advance funds directly into your bank account in 24 hours after we receive your invoices. Advances range from 70% to 90% of the invoice.
3. We send you the reserve
The reserve is the portion of the invoice not funded in the advance. When the check arrives in our office, we’ll apply it to your account and make the reserve available the same day.