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WHAT MAKES
US UNIQUE
. . . . . . . . . . . . . . . . . .
NO ANNUAL TERM
FACTORING CONTRACT REQUIRED
Other factoring companies require you to sign a
restrictive contract that ranges from 6 months to 1 year or longer.
And they
require you factor with them during that entire time.
LOWEST
FACTORING
RATES
Factoring Industry
leader;
We have the
lowest factoring
rates in the industry
How? Because we use
our own money.
The others are restricted by their
banks.
HIGHEST CASH ADVANCES
(up to 97%)
We offer the highest advances in the factoring industry.
How?
Because we use our own money. The others are restricted by their
banks
Call our veteran factoring team at
1-888-239-9162 or
Email Us or complete our
ONLINE REQUEST FORM
How Factoring Works
The First Step:
The Client profile
You begin by filling out a simple client profile,
which
we will provide you.
Please click here for profile.
This profile
will cover
basics such as your company's
name and address, the nature of your
business,
and information about your customers.
You may need to supply
an accounts
receivable aging report, existing customers'
credit limits, or other
related documents.
Remember the factor will attempt to determine the
creditworthiness of your customers
independent of their credit history with
your
business. We want a broader view of their
overall credit
status.
During this initial stage you will also cover
basic
financial arrangements with the factor.
For instance, what will be the monthly
volume of invoices you want to factor
(i.e. how liquid do you need to be)?
What
will the advance rate and
the discount rate be? How quickly will
the factor
issue the advance to you?
In most cases, the answers to these
questions will vary depending on the
financial strength of your customer(s)
and
the anticipated monthly sales
volume to be factored. Variations
between
industries, length of time in operation,
and general reputation of how risky a
customer of yours may be. For instance,
a long list of high-risk clients will
cost
you more in factoring fees than a
short list of government agencies
with a
slow-pay history.
In the factoring business, volume is all
important. The higher your volume(the dollar amount of invoices you factor), the
more favorable your rates will be.
The factor will use the client
profile you submit to determine if your business is suitable for factoring. This
process is simply the factor analyzing the risks versus the rewards, using the
information you provided.
Once approved, you can expect to
negotiate terms and conditions. The negotiation process takes several aspects of
the deal into consideration. For instance, if you want to factor $10,000, you
can't expect as good a deal as a company that wants to factor
$500,000.
During the negotiation process, you will become well
aware of what it costs to factor your accounts receivable. After you reach an
agreement with the factor, the funding wheels begin to roll. The factor conducts
due diligence by researching your customers' credit and any liens placed against
your company. The factor also confirms the legitimacy of your invoice before
buying your receivables and advancing cash to you
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
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Factoring
For Trucking Information
Invoice
factoring For Every Industry
Clothing factoring
Company
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.