This is NOT factoring. Your firm owns the debtors at all times and your firm receives 100% of the fees being funded.

Yes. We can automatically split funds into operating and trust accounts if requested and all QuickFee products are compliant with ABA Formal Opinion 484.

You can either issue and submit payment plan quotes using our cloud-based quote system, or we can set your firm up with an payment portal that offers your clients not just payment plans, but also ACH and credit card payment options (if needed). If your client decide to use payment plan options to pay you, we run a credit check on the client’s company. Upon approval, which is usually within a few hours, we debit the first installment from your client and provide 100% of the invoiced amount to your firm.

QuickFee PayLater is free to use for your firm and there are no long term contracts.

Clients select between 3 and 12 months for repayment. QuickFee does not stipulate fixed maximum loan amounts, but generally, we try to limit overall exposure to any one firm to 12% of revenue. Loans up to $100,000 can be processed through our cloud-based system, and you can always contact us when higher amounts are involved.

Interest rates charged to your clients vary with the term of the loan but typically start as low as 3.95%. Monthly installments and total cost of the loan will be clearly displayed up front and there are no hidden fees or costs. Please contact us for the current rates we.

QuickFee serves you and your clients in the background. When you invoice your clients, you simply provide QuickFee as an additional payment option. We only process your clients’ loan paperwork- any direct contact is left up to you.

Fee Financing (or Fee Funding) is the technical term for the payment plan options that QuickFee offers under the PayNow+ and PayLater product lines. Essentially QuickFee loans your clients the funds needed to pay you immediately, freeing up their capital and allowing them to pay the balance in monthly installments.

QuickFee serves accounting practices and legal firms primarily, though we’re open to working with other types of professional service firms such as consultancies and market research firms. QuickFee best serves multiple-partner firms that invoice individual commercial clients into the thousands of dollars (smaller amounts would not qualify for lending consideration).

QuickFee does not make consumer loans, so we serve your commercial clients. All have the potential need for Fee Financing from time to time. Since QuickFee is a client-selected option, they decide when it’s a good fit.

QuickFee is very easy to use, but we’ll still walk you through how to use our services- at no charge to your firm. Once your firm signs on, we can have you up and running in less than 48 hours.

No, clients may settle their outstanding Fee Financing balance at any time by paying the outstanding principal and any interest accrued since the last payment. Our system calculates these amounts in line with an amortization formula.

QuickFee provides co-branded flyers you can use to explain and offer the service to clients. We can also provide digital graphics for your website, invoices, newsletters, etc.