Summar is a Miami, FL factoring company.

Summar Financial

Summar Financial is a Miami-based invoice factoring company that provides domestic and international factoring. We work with small and medium sized businesses with annual sales between $500k and $30 million.

Our domestic factoring program is for companies inside the US with customers in the United States, Canada or Puerto Rico. Our international factoring program is for companies in Central and South America whose customers are in the United States, Canada, Puerto Rico and some countries in Europe.

Summar provides these invoice factoring benefits:

  • Funding in 24 to 48 hours
  • High advance rates
  • No application fees
  • No term contracts, no cancellation fees
  • No monthly minimums

With Summar on your side, you have a financial partner that can act as your entire accounts receivable department. We partner with you to fund and manage your account receivables so you can focus on other areas of your business.

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:
None
Contract Length:
No contract, 30 day cancellation policy.
Cancellation Fee:
None
Monthly Minimum:
No
Factor All Invoices:
No
Reserve Availability:
As soon as your invoice has been settled with your customer.
Additional Fees:
Credit check fees, Wire transfer fees, Registration/Doc Fee
EJ Ortiz of Summar Financial
EJ Ortiz
Business Development Officer
786-566-3002

General Information:

Year Founded:
2004
No. Employees:
11-50
Associations:
IFA
Address:
2299 SW 27th Avenue, Miami, FL
Other Office Locations:
Los Angeles, CA

Financial Information:

Minimum Credit Facility ($):
50,000
Maximum Credit Facility ($):
3,000,000
Advance Rate (%):
80-92%
Other Types of Financing:
PO Financing
2299 SW 27th Avenue, Miami, FL