Features New Century Financial Typical Competitor
Up To $10 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
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