Questions and Answers about State Financial Customers

Questions and Answers.

How is State Financial different from a factor?
SFC charges interest on the outstanding loan, not the face amount of the invoices.

Are my customers put on notice that State is financing their invoices, and do they need to send payments directly to State?
In most cases, we are invisible to your customers.

Does State charge a collateral management fee?
No. State avoids the laundry list of fees that so many lenders charge.

How many days does State wait to advance
against new invoices?
None. If the invoice is in by 11:00 a.m., State advances the same day.

Do you accept concentrated accounts?
Often.

How do I get my money?
Check or wire transfer.

How do I pay my loan back?
Collections from the borrower’s customers are turned over to SFC and we use the money to pay down the loan.

How often do I pay my interest?
Interest is calculated on the last day of month and added to the loan the next day.

When do I get my reserves back?
State does not hold back reserves.

How soon can I set up my line of credit?
If your books and records are promptly available, we can make a decision within the first week, and fund the loan in the second week.

State Financial takes pride in offering straightforward business finance solutions. Call us at 310-820-5222 and we'll answer all of your questions, ask a few of our own, and maybe do some business together.