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Summar Financial

2299 SW 27th Avenue, Miami, FL
Summar is a Miami, FL factoring company.
Summar Financial
2299 SW 27th Avenue, Miami, FL
Florida
•
Miami
Year founded:
2004
No. employees:
11-50
Associations:
IFA
Other office locations:
Los Angeles

Financial products

Financial products:
  • Invoice factoring
  • Purchase order financing
  • Supplier financing
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Minimum factoring amount:
$50,000
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Maximum factoring amount:
$3,000,000
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Industries served

Business services• International• Manufacturing• Staffing• Trucking

Featured services

  • 24 hour funding
  • Billing and collection services
  • Customer credit services
  • No cancellation fee
  • No minimum fee
  • Non-recourse factoring
  • Online reporting
  • QuickBooks integration
  • Select invoice factoring

Standard terms

Start-up fee:
$500 - $1,500
Contract term:
No term
Advance rates:
80-92%
Minimum volume fees:
No
Additional fees:
Wire transfer fees, Credit check fees on new debtors
Available reserves:
Daily

About 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.

2299 SW 27th Avenue, Miami, FL
2299 SW 27th Avenue, Miami, FL
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Mauricio Arango
Sr. Business Development Executive

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