Q&A

 

How do I know if factoring is right for me?

If you have cash flow problems due to funds being tied up by unpaid invoices, then factoring is perfect for you.

How can Mazon give me cash for my unpaid invoices?

You will provide Mazon with the original invoice, an invoice copy, purchase order and proof of delivery or signed completion of service and Mazon lends you 75% - 80% of the amount invoiced. Mazon then collects the total amount due on those invoices from your customers.

Where does the other 20% - 25% of the invoice go?

When the invoice is paid by your customer, this percentage becomes real money and is given back to you.

How often do I give my invoices to Mazon?

You may supply Mazon with a schedule of invoices as often as you would like.

How soon can I get financing?

Mazon's clients provide invoices by 10 a.m. and generally the funds are deposited, wired or a check is made available that same afternoon.

How much does Mazon charge for this service?

The rate is based on monthly dollar volume, number of invoices, the length of time it takes invoices to pay, and credit of your customers. This rate ranges from 2% to 5% on monthly factored volume between $10,000 and $200,000. For volumes other than these, special arrangements will be made.

Will I get detailed reports from Mazon?

Yes, Mazon will account to you for every penny. Our reports provide our clients with simple reports to help you account for the factoring process. We fax or mail daily client cash reports. Our reserves reports are sent out twice a month. Also, our aging and schedule purchased reports are sent out monthly. All reports are available upon client request throughout the month at no additional cost to our clients.