Features | New Century Financial | Typical Competitor |
---|---|---|
Up To $5 Million Credit Facilities | Yes | Limited |
No Minimum FICO | Yes | No |
2 Minute Application | Yes | No |
Instant Pre-Approval | Yes | No |
Streamlined Funding Process | Yes | No |
Partial Invoice Fundings | Yes | No |
Rebates Processed Daily | Yes | No |
No Hidden Fees | Yes | Limited |
Fees | New Century Financial | Typical Competitor |
---|---|---|
Application Fee | No | $200-400 |
Due Diligence Fee | No | $2,000-10,000 |
Administration Fee | No | Up to $12,000 |
Monthly Service Fee | No | 1-3% |
ACH Funds Transfer Fee | No | $10-20 |
Credit Check Fee | No | $50-100 |
Check Processing Fee | No | $5-15 |
New Customer Fee | No | $50-100 |
Field Audit Fee | No | $2,000-4,000 |
Lien Termination Fee | No | $250-500 |
Early Reserve Release Fee | No | $25-50 |
Prepayment Fee | No | Varies |
Termination Fee | No | Up to $100,000 |
Terms | New Century Financial | Typical Competitor |
---|---|---|
Termination Fee | No | Yes |
Long Term Contract | No | Yes |
Minimum Volume | No | Yes |
Minimum Reserve Balance | No | Yes |
Minimum FICO | No | Yes |