Frequently Asked
Questions

Do I need to factor all my invoices with PacFi?

No, PacFi Inc. offers flexible factoring services, allowing you to choose which invoices to factor based on your business’s cash flow needs. This flexibility ensures that you retain control over your finances and can tailor the service to suit your operational requirements.

What makes PacFi different from other factoring companies?

PacFi Inc. stands out due to our personalized approach, industry expertise, and commitment to building long-term partnerships with our clients. We offer customized factoring solutions, rapid funding, and a dedicated team of financial experts to guide you through the process, making us a trusted partner in your business’s growth.

How quickly can I access funds after submitting invoices for factoring?

PacFi Inc. is committed to providing fast and efficient funding to support your business operations. Typically, once your invoices are verified and approved, you can access the funds within 24 to 48 hours, ensuring minimal disruption to your cash flow.

Are PacFi's factoring services suitable for businesses outside the transportation industry?

PacFi Inc. specializes in the trucking and transportation sector, offering tailored solutions to meet the unique challenges of this industry, we also serve a wide range of businesses across various sectors. Our factoring services can be customized to support the specific needs of your business, regardless of the industry.

What is factoring, and how can it benefit my business?

Factoring is a financial transaction where your business sells its accounts receivable (invoices) to a third party (a factor) at a discount. This service provides immediate cash flow, enabling you to cover operational expenses, invest in growth opportunities, and manage your finances more effectively without waiting for invoice payments.