Once you deliver a load for a customer, SwordGate Capital can advance you up to 95% of the invoice value within 24 hours. The remainder, less interest and payment fees, is issued to you once we collect from your customer. The rate we charge depends on the length of time it takes for your customer to remit final payment to us, but usually ranges from 1% to 2.8%. We work with carriers individually to design an interest rate structure that best suits their company's needs.
In addition to providing your company with liquidity, SwordGate Capital offers an administrative portal which allows you to track the progress on all of the open invoices factored with us. Within the portal, we maintain all of your invoice history, rate confirmations, PODs, as well as pertinent customer information, so you don’t have to. It is a one stop shop for your administrative needs. You are able to view all fees associated with your factored invoices, so there are no surprises on your end. Reports can be downloaded at your convenience. The client portal is an optional feature that can be accessed 24/7, but we encourage our clients to use it because we firmly believe transparency is key to a long lasting business relationship.
We work for you. In addition to meeting your immediate cash flow needs, we also serve as your personal accounts receivable administrator. Once you send us the rate confirmation and POD, you get paid, and we bill your customer and handle collections. Each of your invoices is stored in our portal and can be viewed at any time. Get started today!
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