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Important Note: U.S. Government Stimulus Funds
All direct deposit funds, including Federal stimulus payments, are deposited once a day in the overnight hours. If deposited, funds are credited by 6 a.m. local time. If the payment does not appear in your account at 6 a.m., please check back the following day. You can find the most up-to-date information on your Economic Impact Payment at IRS.gov.
Factoring is an alternative solution to conventional working capital financing. California Bank & Trust provides this flexible source of funding[cite::111::cite] to provide available capital for growing or transitioning businesses, often as a bridge to conventional bank financing. The factor purchases eligible invoices from a completed service or accepted product and essentially transfers the credit risk from the client to the client’s customer.
How it works
When it Works
In certain business situations, a more aggressive source of working capital financing may be a viable solution but also may be difficult to find. We look at the following challenges as opportunities to explore creative funding solutions for our customers and prospects:
Business Credit Advantage
Industries Served
For a list of commonly asked questions about Factoring, see our Factoring FAQs.