How do we get started?
Submit your contact information in the form below and a Harper team member will reach out shortly, or call (310) 817-0376 to speak directly to our team. [...]
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 [...]
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 [...]
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 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 [...]
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, [...]