Plus Funding is a New York City factoring company.

Plus Funding Group

Plus Funding Group is a factoring company in White Plains, New York engaged in the invoice factoring business. The company offers accounts receivable financing, purchase order and production financing (work in progress) and lines of credit to its clients. The company generates revenues and earnings primarily through the purchase and collection of receivables.

At Plus Funding, we view each client as a unique partnership. Your partnership with Plus Funding ultimately relies on the strength of our financial position. Many factoring firms and other specialty finance firms are thinly capitalized and rely heavily on leverage, borrowed funds, for their ability to service your needs. Our ownership structure provides the deep pockets that minimize these risks. In addition to competitive fees, we recognize that each client situation is unique and we strive to offer unparalleled personalized customer service.

Plus Funding provides these invoice factoring benefits:

  • No application or startup fees
  • No hidden fees
  • Stretch term loans available
  • 24 hour funding

At Plus Funding, we understand the value of trust - we do what we say. We don't over-promise and under-deliver. We're your financial partner. Our success lies in your success.

Industries Served:

Featured Services:

24 Hour Funding:
Yes
Collection Services:
Yes
Credit Services:
Yes
Digital Invoice Processing:
Yes
Online Reporting:
Yes
Non-recourse Factoring:
Yes

Terms of Service:

Application and Start-up Fees:
Free
Contract Length:
Usually one year.
Cancellation Fee:
Generally, 3% to 5% of credit line.
Monthly Minimum:
Usually no.
Factor All Invoices:
No
Reserve Availability:
3 days after collections.
Additional Fees:
None
Frank Mancini of Plus Funding
Frank Mancini
SVP
646-558-6444

General Information:

Year Founded:
2012
No. Employees:
11-50
Associations:
IFA, CFA, ACG, TMA
Address:
360 Hamilton Ave., White Plains, NY

Financial Information:

Minimum Credit Facility ($):
150,000
Maximum Credit Facility ($):
5,000,000
Advance Rate (%):
75-85%
Other Types of Financing:
PO Financing, Production Finance, Inventory Finance, Stretch Term Loans
360 Hamilton Ave., White Plains, NY