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You are in business as an Independent Contractor. Your earned but unsettled commissions are your "receivables." And like other businesses, you need to convert your receivables to cash to operate and promote your business today. What do you call this Service? We call it convenient, you might call it indispensable. It's our take on the centuries-old practice of "factoring" -- selling accounts receivable at a discount in advance of the due date. You "sell" us your receivables - your commission - which we "buy" with no credit check or financial statement needed. We are reliable. Plus, we have an easy application process and quick response time.
You can pay your office expenses, operate your business, promote your business, attend seminars, pay estimated taxes on time, or simply manage your cash flow.
What Do I Need? All you need is a ratified, non-contingent contract with preliminary loan approval, and a phone to call COMMISSION EXPRESS® to access our easy online application process.
How Does It Work? The day you ratify your contract, COMMISSION EXPRESS® will either provide you an easy to complete Application or direct you to our online Application. Both options are simple with instructions that step you through the process. Most of the documents we require are already in your file. You then fax the documents to COMMISSION EXPRESS®. Upon our review and approval, you can come to our offices and get your commission advance or we can mail or wire the funds to you. It's just that simple!
How Soon Do I Get My Cash? Usually within 2 days after we receive the completed documents (often the same day). There is no up front cash required from you. COMMISSION EXPRESS® will discount the commission based upon the number of days to settlement (closing). COMMISSION EXPRESS® is paid its fee (discount) from the commission at settlement. Transactions are subject to a $150 minimum fee. You will receive your share of the total commission less the fee (discount) and a 10% holdback which is returned to you upon settlement (closing) if it occurs as scheduled or within the grace period. COMMISSION EXPRESS® must be paid within 30 days of the settlement date specified in your application or you will incur additional discount fee. What If Settlement (Closing) Does Not Occur? You will re-purchase the receivable by check or assign the proceeds from another receivable to COMMISSION EXPRESS®. What Do I Do Next? Call our office to obtain a login to access our easy online application and supporting documents. Or we can fax the documents to you. |
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