- Does Acorn accept foreign invoices?
Yes, subject to our credit check.
- Does Acorn accept Government invoices?
Yes, we purchase several million dollars annually from our clients.
- What types of firms use our services?
Our clients include almost all industry sectors save construction.
- Does it matter if your client is not incorporated?
No
- How many years must your client have been in business?
None, startups with their first sale are welcome.
- What do customers think?
Most established organizations have seen other suppliers use third party financing and are therefore accustomed to redirecting payments when they are asked. Often, they realize that it means you are more financially stable and thus a better supplier.
- What does it cost?
Pricing ranges from $1.00 per day per thousand dollars of invoice value to approximately $1.50 per day per thousand depending on the volume of invoices sold to us, the terms your client wishes to extend to their customers and the duration of the relationship. As an example, for accounts doing two plus million dollars per year with weekly invoicing, you should plan on paying $1.25 per thousand dollars of invoice value for each day that the invoice remains unpaid with a minimum of thirty days.
- Are there any industries that are not of interest?
Yes, because of the legislative framework of the construction lien act, construction firms are not of interest.
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