SERVICES

A BUSINESS FINANCING PARTNER

As a client of Kompass funding, we are excited to partner with you and your company on your financial journey. What makes us different are our services that can grow with you and your financial needs.

Factoring

Business Funding
Factoring is a common practice of purchasing accounts receivables for a discount. Our factoring program is designed to get you funds you are owed faster and when you need them. A couple key benefits to factoring include instant funds for growth, limit time being spent on collecting payments, and no capital requirements.

Reverse Factoring

Business Funding
Reverse Factoring, often referred to as supply chain financing, is the purchasing of accounts payable from a customer. The supplier will send invoices to the buyer and the buyer will approve the invoices creating accounts payable. A factor will then purchase the invoices and send the supplier immediate funds to help streamline their cashflow.

Specialty Lending

Business Funding
Our specialty lending service is predominantly driven through strong relationship referrals in our corresponding geography of Kansas, Missouri, Nebraska, Iowa, and Oklahoma. Our loans are like a bank as they require full financial documentation, business proposal, and underwriting process.

Structured Equity

Business Funding
Our structured equity program is potential opportunity for our loan clients. Similar to traditional structured equity deals, we offer the ability to convert your outstanding debt into an equity stake. This program will also require financial documentation, proposals, and underwriting.

FACTORING

  • Because factoring is not a loan, you are free of any debt. There is no interest.
  • Your credit score and business assets don’t make any difference with factoring.
  • A factoring account can be set up in a few days.
  • Requires minimal paperwork.
  • The amount you can finance grows with your company and your receivables.
  • Rates can be adjusted as you factor larger amounts.
  • With factoring, we handle your accounts receivables for you.

BANK LOAN

  • You have to repay a loan’s principal with interest added to it.
  • To qualify for a loan, your credit history, assets and liabilities are analyzed.
  • Securing a loan or a line of credit takes between one and two months.
  • Requires extensive documentation, records, personal and financial information.

  • The amount you can borrow is limited, or capped.
  • Interest rates are locked.
  • Zero help with accounts receivable.

FREQUENTLY ASKED QUESTIONS

FAQ'S

How can Factoring help my business?

Business Funding

1. Immediate funds for use
2. Save time and effort following up on payments
3. Zero debt inquired and no capital requirements
4. Provides more money and time to allow you to focus on growing your business

How does it work?

Business Funding

1. Fill out our online application
2. Kompass Funding will review your application and eligible invoices
3. A proposal agreement will be sent to you to be signed
4. Your client account will be set up by Kompass Funding
5. Begin submitting invoices and receiving funds

How long does this process take?

Business Funding

Accounts can be set up in as little as a few days dependent upon business information provided.

How quickly can I be paid?

Business Funding

Once an invoice is submitted, funds will be sent in as little as 24 hours.

How can I track my invoices and payments?

Business Funding
Through Kompass Funding’s client portal.

If I have other outstanding invoices, am I able to be paid on those as well?

Business Funding
If you are currently working with another factor, we can pay off outstanding invoices and transfer all incoming invoices to Kompass Funding.

How much does it cost?

Business Funding
Fees are based on a 15-30 day pay cycle, however pricing can be customized to your situation.

What is the difference between recourse and non-recourse factoring?

Business Funding
The main difference between the recourse and non-recourse factoring is who holds the risk in the relationship. For recourse factoring the credit risk of the customer stays with the client, whereas non-recourse factoring, the factor incurs the risk.

Kompass Funding

Schedule a time to discuss your business funding objectives, so our advisors can show you examples of similar businesses leveraging cash-flow solutions to scale their business quickly. 

You can customize and manage how you want to factor with Kompass Funding, so you get the funding you need, when you need it. Our clients can even avoid waiting 30 to 60 days for your customers to pay invoices, we pay you the amount of the invoice within 24 hours and assume the risk of collection.

Now you can focus on growing your business. 

 

7240 W. 98th Terrace, Overland Park, KS, 66212
913-728-0298

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