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