Invoice Factoring
Pricing & Sign Up
Our fee is structured as a percentage of the final settled and collected amount. We both benefit by collecting faster and collecting more.
No up-front payments from you
No retainer
No long-term contracts
Fees are disclosed before we start
Factoring Fee
Fees vary by contractor and invoice based on several factors. Rates start at 10% and do not exceed 15%.
Factoring fees are based on several items including credit quality, job type, carrier risk, aging and collection status, and strength of field documentation.
Each approved submitted invoice / estimate receives a written Advance Offer outling Advance Amount and Factoring Fee. You reveiw and accept before funding occurs.
How the Fee Works
The fee is a percentage of the final settled and collected invoice amount.
We receive final payment, then pay you the balance due, if any, less our fee.
We pay the Advance and Balance Due via ACH.
We collect charge back amounts, if any, via ACH.
We process ACH 2-3x / week.
What Happens When You Start
Step 1
Download and complete the Factoring Application and Agreement (FAA). The first page of the application describes the function and purpose of the application in more detail together with our confidentiality committment.
Step 2
Email the completed application and agreement to admin@blackwaterbilling.com
Step 3
We evaluate the application and agreement within a few days. Applicants are evaluated based on fit with our solution, strength of operation, and ability for Blackwater to secure exclusive ownership of receivables.
We will reach out to you along the way as needed. We countersign the agreement and send you the executed copy. You also receive:
Login credentials to our system and onboarding instructions
Introduction to your assigned factoring contacts at Blackwater
A brief kickoff call to align on workflow and process
Step 4
Submit qualified invoice to Blackwater
You can cancel or discontinue using our factoring service at any time.
Start Now
Apply to start factoring invoices: