Factor for Free Referral Program
Share Your ReferralRefer and Earn More
Invite your friends, family, and colleagues to factor with Great Plains and start earning additional revenue from referrals. The more people you refer, the more money you will make!
Example:
ABC Trucking (GP Client) refers XYZ Trans (Prospect). XYZ becomes client.
XYZ Trans factors $25,000.00 worth of invoices in January.
ABC would earn the following:
$25,000.00 (Gross factored invoices by XYZ) x .5% (FFF Rate) = $125.00 Rate Refund
ABC has a rate of 2.75% and factored $40,000.00 worth on invoices:
$40,000.00 x 2.75% = 1,100.00 Factoring Fees for January
Net fees paid with referral rate refund: $1,100.00 - $125.00 = $975.00 Net
Rate ABC paid with rate refund: $975.00/$40,000 x 100 = 2.4375%
How it Works:
- You must be actively factoring with us
- The companies you refer must also be actively factoring with us to get your rate refund each month
- The previous month's total factored volume of those companies you refer will be analyzed on or around the 15th of the current month
- We will REFUND you a portion of the previous month's total factored revenue for the companies you referred
- The previous month's refund will be paid to you by ACH after the 15th of the current month
When your referrals add up to more than your factoring fees, you could potentially Factor for Free with us!
Get Ready for our Quarterly Factor for Free Prizes!!!
Provide us with the name and phone number of someone you know who could benefit from our services and we'll handle the rest while you relax and reap the rewards!
- $100 referral check mailed to you once they start factoring
- A rate refund each month your referral factors (see above chart)
- A chance to win our quarterly prize of your choice of a Blackstone Grill, Yeti Cooler or $250 American Express Gift Card
- A chance to win our end-of-the-year grand prize of $2,026!
