Will You be Bugging My Customer?

American Funding will never bother your customer. We try to stay behind the scenes and allow you to maintain the relationship with your customer. We do what we call “soft collections” for our clients. We will reach out via email at 45 days if the invoice hasn’t been paid. We ask if Accounts Payable has the invoice in their system … Read More

What Happens if My Customer Does Not Pay the Invoice?

It does happen sometimes, though no fault of your own. If a customer does not pay an invoice, you as the business owner, are ultimately responsible. Your factoring company should work with you to make it as painless as possible. Most factoring companies will offset the unpaid invoice by holding onto weekly rebates until it is paid back. Another option … Read More

What is a UCC Filing?

A UCC (Uniform Commercial Code) filing is a legal notice a lender files with the secretary of state when they have a security interest against one of your assets. It gives notice that the lender has an interest, or lien, against the asset being used by you to secure the financing. The UCC-1 protects the interests of the lender in … Read More