Communications with factor clients has for too long been a complex affair. FactorPC Online streamlines communications by making reporting an almost automatic activity. Set-up is quick, and the charge for the service is very affordable. CashPlus factoring works by purchasing companies' outstanding accounts receivables on a regular basis. The service offers credit protection against a company's bad debt losses as well as collections for its receivables.
Availability is based on the quality and amount of outstanding receivables.
It was founded in August 1993, with the mission of automating the methods in which businesses locate the proper types and amounts of capital. Today CFOL retains its market share and popularity by servicing over 20,000 member companies who provide commercial finance services to the business community. QuotaMaster Finance supports the backbone of the CFOL search engine, enabling seamless transaction transfers from CFOL to member institutions. Robert Dye of Cambridge Financial Corporation joins CFOL as VP of the Asset Based Lending Services Division. Bruce Glidden of Source Capital joins CFOL as VP of the Leasing Services Division.