BFCG

BFCG, shown on its website as Business Capital Financial Group, provides invoice factoring to businesses. Factoring lets a company sell its unpaid invoices and receive cash earlier, closing the gap between raising an invoice and being paid. The group then collects payment from the customers and manages the accounts.

Services

• Invoice factoring: an advance on unpaid invoices, with a stated initial share released within a day.
• Reserve release: the remaining balance is paid to the business once the customer settles, minus the factor's charges.
• Debtor collection: the group chases payment from the business's customers.
• Account management: handling of the factored accounts so owners have more time.

Who it serves

The group addresses small businesses that extend credit terms to customers. It notes that terms of 30 days often stretch to 60 or 90, which strains liquidity.

Key facts

• Product: accounts receivable factoring
• Initial advance: up to 90 percent of invoice value
• Speed: advance within 24 hours