IT/Factoring Financing

A local Denver IT company was in a costly factoring relationship. Prior to entering into a relationship with Ultegra, the company was paying 2% – 3% per month and 24% – 36% annually in interest.In addition, the lender required that all payments come to a lender controlled lock box. The lender also had frequent communication with customers to verify invoices.

Ultegra was able to secure a factoring relationship where the client is now paying 9.5% annually (down from 24% – 36% annually) with fewer restrictive terms – no lock box and minimal contact with client’s customers.