Q: Do I have to factor all of my invoices?
A: No. You are free to decide which invoices to factor and which to keep in house. However, a comprehensive review of the entire receivables portfolio will assist us in better understanding your business as well as let us help you assess the quality of your end-debtors and help identify any problems that might be on the horizon.

Q: Does New Solutions require additional collateral?
A: While collateral requirements are normally based on the merits of each transaction , a first position on accounts receivable is the minimum that New Solutions requires. In some cases we will require a GSA or additional collateral based on the particulars of the deal.

Q: How long do I have to commit to factoring my invoices?
A: Generally speaking our standard term is six months. However, New Solutions Capital Group is focused on helping our clients hence we can adjust the term to meet the needs of the client.

Q: How do my customers know where to send payments?
A: New Solutions has a number of seamless solutions when it comes to payments. We are not in the business of interrupting relationships between you and your clients. Generally speaking we make arrangements, through our proprietary lock box system, for payments to be sent to and credited to your account.

Q: How do I receive money from my factored accounts?
A: New Solutions can wire funds to your account, send a check through FedEx or any other overnight service, via Canada Post and US mail. In certain cases, if your bank has a branch near our office we can deposit the check directly into your account.

Q: WHEN DO I RECEIVE THE MONIES?
A: New Solutions funds all verified invoices submitted on pre-approved debtors within 48 hours of receipt. If the debtor has not been pre-approved for purchase, we will try to fund those invoices as fast as possible, usually within 48 hours as well. This quick turn around is the reason many businesses work with New Solutions Capital Group. This is also why New Solutions has become one of the largest privately held factoring companies in North America, and why we are viewed as an industry leader.