CollectEarly™

CollectEarly enables cash advances based on issued invoices that your client agrees to pay later. Simply email the invoice to your customer through FINSYNC. Once accepted, use our platform to expedite early collection of invoice funds to your bank account. These funds are automatically paid back to FINSYNC once your customer settles the invoice.

No, CollectEarly doesn’t involve a credit check since it relies on anticipated future income rather than your credit history. However, it is important to remember that failing to make timely payments can still impact your business’s credit file.

The funds from CollectEarly can be put towards any business-related expenses. CollectEarly is intended to be used as an investment that will increase your business’s cash flow. It serves as a short-term solution for needs such as materials for a big project or catering supplies for a last-minute event, facilitating increased sales opportunities.

No, FINSYNC will not directly contact your client for approval of your CollectEarly request, or its payment. Ensuring your client accepts and pays their invoice on time remains your responsibility.

Your client has the option to pay via ACH or with a check sent to our Lockbox. At this time, the invoice cannot be paid by credit card.

There is a fee based on the net terms of the invoice applied to the invoice total: the fee is 2.5% of the total invoice per CollectEarly transaction subject to a 30 day term. An additional 1.5% is applied for every 30 days up to 5.5% for 90 day terms.

FINSYNC offers 30, 60, and 90 day CollectEarly terms.

Once the CollectEarly is disbursed to your account interest and fees still apply.

If you are unable to pay your CollectEarly balance on time you can contact FINSYNC to request an extended payment plan. You can extend the advance up to 30 days with a .05% charge for each day past the due date, up to 30 days.

Yes! You can have multiple CollectEarly advances simultaneously. A CollectEarly request corresponds to a specific issued invoice and each invoice can only be used for an advance once, but you can request multiple invoices for CollectEarly.

Once the advance is processed, the funds can be deposited into your bank account in as little as 4 hours. Depending on when you accept the CollectEarly advance, typical ACH payment processing times apply which generally range from 1-3 business days.

The CollectEarly amount, determined by the value of your invoice, allows you to borrow up to 97.50% of your invoice amount. For instance, if your invoice is $10,000, you would receive $9,750 into your account on an invoice with net 30 terms.

Yes, you can still apply for a CollectEarly advance even if you have bad credit. Since CollectEarly is based on the value of your invoices rather than your credit score, eligibility is primarily determined by your invoicing and banking history.

Yes, you can still apply for a CollectEarly advance even if you have bad credit. Since CollectEarly is based on the value of your invoices rather than your credit score, eligibility is primarily determined by your invoicing and banking history.

• Pay your debts on time Keeping up with your bills, credit cards, and other loan repayments demonstrates that you have a good history of meeting your financial obligations and is indicative of your ability to repay the CollectEarly advance you’re applying for.
• Maintain a positive bank account balance Keeping your account balances out of the negative is a good indicator that you have your finances under control. Try to avoid overdrawing your bank account and having dishonored transactions to support CollectEarly requests.
• Optimize your invoice workflow Efficient invoice management practices streamline the billing process and minimize delays in receiving payments by promptly following up on overdue invoices. This ensures timely resolution and maintains positive cash flow.
• Build strong client relationships Cultivate strong connections with your clients through regular communication, personalized interactions, and attentive customer service. Building trust and rapport fosters long-term partnerships and encourages prompt payments.