Our Factoring Programs Help You Make More Money. Unique 97% Advance Rates.

Factoring History

Welcome to factoring. Whether you own a business,
look forward to building one or are looking for new
financial tools for your current employer,
Factoring can help you reach your financial goals.

Factoring has the ironic distinction of being the
financial backbone of many of America's most
successful businesess. Why ironic? Because
factoring is not taught in business colleges, seldom mentioned in business plans and is relatively
unknown to the majority of American business people,
yet it is a financial process that frees up
billions of dollars every year, enabling
thousands of businesses to grow and prosper.

Factoring is the process of purchasing commercial accounts receivable(invoices) from a business
at a discount. Business practices today dictate
that in order to get business you, as a provider
of goods and services, must extend terms to
your customers.
These terms can squeeze the life(and cash is
the lifeblood of any business) out of a
new or struggling company.

Factoring has a long and rich tradition,
dating back 4,000 years to the days of Hammurabi. Hammurabi was the king of Mesopotamia,
which gets credit as the "cradle of civilization."
In addition to many other things, the
Mesopotamians first developed writing,
put structure into business code and
government regulation, and came up
with the concept of factoring.

After a while, Hammurabi and the Mesopotamians
went the way of extinct civilizations,
but factoring endured. Almost every civilization that valued commerce has practiced some form of factoring, including the Romans who were the first to sell actual promissory note at a discount.

The first widespread, documented use of factoring occurred in the American colonies before the revolution. During this time, cotton, furs and timber were shipped from the colonies. Merchant bankers in London and other parts of Europe advanced funds to the colonists for these raw materials, before they reached the continent. This enabled the colonists to continue to harvest their new land, free from the burden of waiting to be paid by their European customers.

Recognize that these were not banking relationships as they exist today. If the colonists had been forced to use modern banking services in eighteenth century England, the process would have been much slower. The banks would have waited to collect from the European buyers of the raw materials before paying the seller of these goods, the colonists. (And at that point, who needed the bank?) This was not practical for anyone involved. So, just as today, the "factors" of colonial times made advances against the accounts receivable of clients, enabling the clients to continue with their operations, long before they had been paid for what they were sold.

With the advent of the Industrial Revolution, factoring became more focused on the issue of credit, although the basic premise remained the same. By assisting clients in determining the creditworthiness of their customers and setting credit limits, factors could actually guarantee payment for approved customers.

This is known as factoring without recourse(or non-recourse factoring)and is quite common in business today.

Prior to the 1930's, factoring in this country occurred primarily in the textile and garment industries, as the industries were direct descendants of the colonial economy that used factoring so specifically. after the war years, factors saw the potential to bring factoring to other forms of invoice-based business and the expansion began.

Today, factors exist in all shapes and sizes: as divisions of large financial institutions or, inlarger numbers, as individually owned and operated entreprenurial endeavors.

Many of these private factors sprung up in record numbers as interest rates rose to new heights in the 60's and 70's. This trend intensified in the 80's, primarily due to the increasing impact of interest rates and changes in the banking industry. With banks becoming too expensive and too inflexible due to heavy regulation(remember the Savings and Loan crisis?), the small businessperson was forced to find other sources of financing for expansion and growth. As more and more banks stop befriending the small bussinesperson, factoring is becoming an increasingy popular option.

This year alone thousands of businesses will sell billions of dollars in accounts receivable, and they are doing it for profit, growth, and in some cases , their very survival.

We are a nationwide company offering
factoring programs the others can't
because of our unique funding capabilities.
The others are restricted by their banks on
what kind of factoring programs they can offer.
We are not restricted!

We have been providing factoring services
nationwide for decades and have clients
in hundreds of industries

Our customers tell us that our combination
of low rates,flexible contracts and exceptional
service makes us the best choice for
factoring services.

Unlike other factoring companies,
our program includes the
following features at no additional charge:
• 12-24 hour funding on approved invoices
• Highest advance rates in the industry
• Credit analysis on new and existing customers
• Continuous collection management and follow up on    factored invoices
• Invoice and statement mailing (postage included)
• Account status inquiries anytime;
  24/7 online account access.
• We allow you to electronically submit Invoices
• Free credit checking on new customers at no
  additional cost

When you become our client you will
be served by our staff that has an average
of 11 years account receivable
factoring industry experience per
account executive.
(Well above the factoring industry norm!)

You will have one dedicated person
and his or her assistant who will handle
your account.
Unlike the others, you don't have to
start over each time you call  with a new person

Our flexibility allows you to maintain control:
• You select accounts you prefer to factor on
   an invoice by invoice basis.
• You control total factoring costs by only
   factoring on an    "as needed" basis.

Up to 97%
Factoring Advance Rates:
Advance rates are based on overall risk
associated with a particular industry
as well as experience and track record.
We hold reserve accounts to accommodate
industries which typically experience
dilution and that we would otherwise
not be able to service.
Advance rates range from
80% to 97% of the gross invoice amount.

Factoring Fee Structures:
Fees are determined based on
your industry, the credit worthiness
of your customers, how quickly
your invoices turn, and
monthly factoring volume.

GET YOUR CASH TODAY
Call our factoring specialists at

1-888-239-9162 or

Email Us or
Complete our
ONLINE REQUEST FORM

FACTORING HOME PAGE

We are currently factoring accounts receivable nationwide including the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.