Wingate goes where no factoring company has ever dared to go! Predictivity is a necessity for a financial services firm offering invoice factoring. If you hope to survive in this industry, definable variables, such as selling price, typical vendor payment terms and a planned profit margin flow through to an understood formula that can help assure profitability. We see this in practice with most factoring firms pursuing the market segments where these factors can be controlled with little unexpected variance. Enter Wingate Financial Wingate has chosen to offer cash to contractors who are not only waiting to be paid but are waiting for the insurance industry to pay the customer who will then ultimately pay Wingate. Not only is the timing of the payment unknown, but in many cases even the amount being purchased from the contractor hasn’t fully been established yet. “This is precisely the reason Wingate sees an opportunity to serve the contractor who is paid largely from insurance carrier claims, like a roofer or a restoration specialist.” A project can be completed for months before the details can be reviewed by an insurance carrier and then the negotiation ensues. This delay can cause unexpected cash valleys for the contractor. Wingate has acquired the skills to be able to review a “pending” payout in as little as 2 hours and make a cash payment to the contractor in 24 hours. Most offers are north of 90% of the latest approved claim amount. Never been this simple with no credit inquiry, or personal information needed. This is a specialty tool for your financial guru to have in her arsenal for when those very intense and unplanned cash deficits surface. Three simple documents are loaded, and cash is in your account by tomorrow. To our knowledge Wingate is the only financial services firm smoothing cash flow cycles for the insurance claim contractor. If you would like to discuss a potential payout or just ask a few questions, please call Chris Brashear directly at 970-617-4189.