Does Harper focus on any geographic regions?
We work with companies based anywhere in the United States or Canada. We're happy to say that we have clients all across North America.
How much does factoring cost?
Factoring costs can range from 1-6% per month depending on the industry, your business sales volume and the creditworthiness of your customers. Harper's fees range from 1-3% per month [...]
Does Harper require personal guarantees?
Depending on the size of the facility we will sometimes require personal guarantees. We typically require at least a validity guarantee, which makes certain promises regarding the state of your receivables [...]
How long does the diligence and funding process take?
The entire underwriting and funding process typically takes 2-5 business days as long as all the necessary documents are provided. The initial funding generally takes 24 hours after [...]
How much revenue does my company need to generate to be considered?
If you intend to factor over $5,000 per month of invoices, we can work with you. We have the ability to provide factoring credit lines up to $5 million.
What if we are a venture capital backed company or looking to raise venture capital?
Harper works with both venture capital funded startups and those seeking to raise venture capital. For VC-backed companies, we provide affordable financing to bridge cash flow gaps while the [...]
Does a company have to be profitable for Harper to work with them?
No. Many of our clients are very early stage and are not yet profitable, or no longer qualify for traditional bank financing due to financial or operating circumstances.
Do you only work with U.S. companies?
As of now, Harper is focused on U.S. or Canadian companies.
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 [...]