What kind of receivables are acceptable for funding?
Harper currently accepts invoices where: The service or product was completed, delivered and accepted by your customer The customer is based in the U.S. The customer is a [...]
What are Harper’s factoring requirements?
Simply that our clients provide services or goods to creditworthy customers, and we can verify that the invoices being submitted for purchase are valid. Our approval decisions are [...]
How does the factoring process work?
This chart highlights the typical invoice factoring process: For a more detailed walkthrough of the factoring process, check out our How it Works page and our comprehensive Invoice Factoring 101 [...]
What is the difference between a client and a customer?
A client is the company that signs the agreement with the factor and provides the goods or services. A customer is the company that buys goods or services [...]
What industries use factoring?
Traditionally, factoring has been found in the textiles, trucking, wholesale and staffing industries, to name a few. In all these industries, companies were required to pay vendors before [...]
What types of businesses use factoring?
Companies of all sizes, from sole proprietors to Fortune 500s, use factoring as a way to improve their cash flow. Factoring can benefit companies in all stages of [...]
What is Harper Partners?
Harper Partners (“Harper”) is a leading provider of working capital financing to companies across many different industries. We enable businesses to get paid immediately for outstanding invoices by advancing funds [...]
What is factoring?
Factoring is the sale of accounts receivable at a discount. It's often used interchangeably with several other terms including invoice factoring, receivables factoring, invoice financing, or receivables financing. All the terms effectively mean [...]
Is factoring a new type of financial product?
No, not at all! Factoring or AR financing, can be traced as far back as the Code of Hammurabi in 1,754 B.C. It’s the purchasing of commercial paper, [...]