RMP Capital | Frequently Asked Questions

Frequently Asked Questions

Should you have a question which is not addressed on this webpage, feel free to contact us via telephone at (877) 250-2114 or by e-mail at info@carrierfinance.com. Additionally, our Procedures webpage takes you through how our process works.

What is factoring?

Factoring is the purchase of accounts receivable in exchange for immediate cash. Factoring givens businesses the power to ensure growth without diluting equity or incurring debt

Why would a company sell their receivables?

Companies who find that cash flow is a recurring problem often cannot afford to have cash tied-up in receivables for 30-60 days. They need the cash to meet immediate financial demands of their business. Factoring bridges this gap.

Do I need to factor all of my invoices?

No. RMP Capital Corp realizes that you may not want or need to factor all of your invoices. For that reason, RMP Capital Corp's programs leave you free to decide which customers to factor and which customers to keep in-house.

What are your requirements for buying an invoice?

The work or service must have been completed, delivered, and/or accepted; and your customer must be deemed credit worthy.

If a factoring company buys my invoices, who actually bills my customer?

You prepare an invoice for your customer and forward the invoice to RMP Capital Corp for an immediate cash advance. RMP Capital Corp then verifies the invoice and follows for payment receipt.

Do I have to be an established business, operating a minimum number of years, to be approved?

No, RMP Capital Corp prides itself on assisting the financial needs of small to medium sized businesses that have been recently established.

What types of companies does RMP Capital Corp factor?

RMP Capital Corp is a trucking factoring specialist. We factor receivables for trucking companies, transportation brokers, as well as many other industries. RMP Capital Corp's Our Services page highlights the complete spectrum of financial services offered by us.

How will I know the status of my factored invoices?

You will be assigned a professional Account Executive who will be your direct contact for any questions you have. Also, RMP Capital Corp. offers online reports which can be accessed 24/7 via our website.

How will my customers know where to send payments?

When RMP Capital Corp purchases and invoice, a label is applied with our address on it before being mailed to your customers.

How do I receive my money from the factored accounts?

RMP Capital Corp can wire or ACH funds to your account. If you use our Fuel Card option, you can have the funds transferred directly to your fuel card for immediate use.

When will I receive money for my invoices?

Within 24-hours of the invoice being verified. You can overnight your invoices to RMP Capital Corp. and have your money tomorrow.