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pdfcrowd.com open in browser PRO version Are you a developer? Try out the HTML to PDF API Innovative, flexible and affordable: factoring programs designed to help you make more money. Factoring Benefits Is Factoring For You? Why Factoring Is Necessary How Factoring Works Why Our Customers Choose Us “You have always provided service above and beyond any other com- pany I have dealt with. Our account manager gives us 100% and is only one of the reasons we have chosen to stay with you.” – Justin, V.P., Security Services Company HIGHEST CASH ADVANCES (UP TO 97%) We offer the highest advances in the factoring company industry. How? Because we use our own money. The others are restricted by their banks. We are a nationwide company offering invoice factoring

All About Factoring Companies-FactoringCorp.com

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It's no state secret that invoice factoring rates will be greater than loan interest required by a bank. Yet take note that you can't actually compare receivable factoring (a short-term debt instrument) with a bank loan (a long-term note) simply because they are two completely alternative types of financing. http://www.factoringcorp.com

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Page 1: All About Factoring Companies-FactoringCorp.com

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Innovative, flexible and affordable: factoring programs designed to help you make more money.

Factoring Benefits

Is Factoring For You?

Why Factoring Is Necessary

How FactoringWorks

Why Our Customers Choose Us

“You have always provided serviceabove and beyond any other com-pany I have dealt with. Our accountmanager gives us 100% and is onlyone of the reasons we have chosento stay with you.” – Justin, V.P., Security ServicesCompany

HIGHEST CASH ADVANCES (UP TO 97%)We offer the highest advances inthe factoring company industry.How? Because we use our ownmoney. The others are restrictedby their banks.We are a nationwide company offering invoice factoring

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Choose Us

Factoring History

Home

NO ANNUAL TERM INVOICE FACTORINGCONTRACT REQUIREDOther factoring companies requireyou to sign a restrictive contractthat ranges from six months toone year or longer. And theyrequire you factor with them duringthat entire time.

LOWEST INVOICE FACTORING RATESWe are the factoring industryleader, having the lowest factoringcompany rates in the industry.How? Because we use our ownmoney. The others are restrictedby their banks.

Call our Veteran Factoring Team at:

1-888-239-9162

Email Us

or complete our: Online Invoice Factoring Request Form

We are a nationwide company offering invoice factoringprograms the others can’t because of our unique fundingcapabilities. The others are restricted by their banks onwhat kind of factoring programs they can offer. We are notrestricted!

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

We have been providing invoice factoring servicesnationwide for decades and have clients in hundreds ofindustries, including factoring for Health Care Staffing,Transportation, Trucking, Manufacturing, Labor Staffing,and much more.

Unlike other invoice factoring companies, our programincludes 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 ourstaff that has an average of 11 years account receivablefactoring industry experience per account executive (well

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factoring industry experience per account executive (wellabove the invoice factoring industry norm)!

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

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% Invoice Factoring Advance Rates: Advance rates are based on overall risk associated with aparticular industry as well as experience and track record.We hold reserve accounts to accommodate industrieswhich typically experience dilution and that we wouldotherwise not be able to service. Advance rates range from80% to 97% of the gross invoice amount.

Invoice Factoring Fee Structures: Fees are determined based on your industry, the creditworthiness of your customers, how quickly your invoicesturn, and monthly factoring volume.

GET YOUR CASH TODAY!- Call our invoice factoring specialists at 1-888-239-9162 , or;- Email Us, or;- Complete our ONLINE INVOICE FACTORING

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INVOICE FACTORING Companies BENEFITSIS INVOICE FACTORING FOR YOUWHY INVOICE FACTORING IS NECESSARYHOW INVOICE FACTORING WORKSWHY OUR CUSTOMERS CHOOSE US

Invoice Factoring Article

Historically, the bulk of invoice factoring waspredominately in the textile, furniture and apparelindustries. Today, factoring firms are working withall types of industries, including: manufacturers,service providers, transportation companies andhigh technology firms. Locally, as growing Puget

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INVOICE FACTORING Companies HISTORYSWITCHING INVOICE FACTORING COMPANIES? HERE IS HOW IT WORKSEVERYTHING YOU NEED TO KNOW ABOUT INVOICE FACTORING

Privacy Policy SiteMap

We are currently providing invoice factoring services rnationwideincluding 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, NewMexico, 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.

high technology firms. Locally, as growing PugetSound firms continue to prosper, suppliers andcontractors are looking for additional sources ofworking capital to accommodate increased salesvolume.

The overall increase in factoring volume is mainlyattributed to the credit crunch in the late 80s. Asthe availability of bank commercial credittightens, more businesses look towards alternativesources of financing to achieve growth.

Factoring companies can help those firms that banksoften find difficult to approve such as start-upcompanies whose growth outstrips cash. The primaryfocus in an accounts receivable factoring relationship isthe credit-worthiness of the customers beinginvoiced and the clients ability to produce aquality product or service. Simply put, if thebusiness has an acceptable product or service thatit provides to a creditworthy customer then thebusiness is a candidate for factoring.

The fact is that most companies share a commondilemma during periods of rapid growth of incomingorders draining cash flow. Receivable Factoring notonly provides immediate cash but, efficientbusinesses also use it as a tool to increase profitmargins:

1. Take Advantage of Early Payment Discounts -Having access to cash enables businesses to save onaverage 2% by taking advantage of early paymentterms offered by suppliers. The points saved byreducing raw materials costs helps to offset thefactoring fee.

2. Take Advantage of Volume Discounts - Havingcash also enables businesses to buy raw materialsin greater volume. This saves money and directlyimpacts the bottom line.

3. Reduce Late Payment Penalties and InterestCharges - Having immediate cash on hand to pay

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Charges - Having immediate cash on hand to paycurrent obligations as they become due eliminateslate charges from suppliers and other creditors.

4. Meet Obligations on Time - Paying vendors ontime helps to establish a solid credit track recordand allows for increased future credit limits fromvendors as well as financial institutions.

5. Offer Credit Terms to Customers - Offeringcredit terms to customers is a common way toincrease sales by making it easier for customers tobuy. Having financial backing to carry accountsreceivable is essential if a business wants to beable to follow through on its commitments. Reputable factoring companies encourage managedgrowth by consulting with clients regardingexposures and other risks when taking on new creditaccounts.

The difference between invoice factoring and othersources of financing is that the factoringcompany actually purchases and tracks commercialinvoices. In addition to providing immediate cashon invoices, the factor performs valuable creditanalysis on new and existing customers and conductsprofessional, routine follow up on invoices as theybecome due.

For the business manager who spends a good portionof the day collecting, bookkeeping and searchingfor capital, the entire factoring package offerspeace of mind. The manager can actually focus onimportant aspects of the business that are oftenpushed aside, such as marketing and production.

Depending on the agreement, businesses can pick andchoose which invoices they wish to sell to thefactor, who immediately advances eighty percent ormore of the face value of the invoices. The balanceof the funds, less the discount fee, is releasedonce the invoice is collected.

The cost of doing business with a factoring company

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The cost of doing business with a factoring companyis the discount taken on the invoices submitted forfunding. Fees range from 1 to 5 percent, dependingon volume, credit-worthiness of the customers soldand overall risk. The discount taken is bestcompared to a merchant accepting a Visa orMasterCard transaction and receiving immediatepayment, less a percentage or discount, before theactual cardholder has paid his or her monthlystatement.

Setting up a receivable factoring relationship is quickand easy in comparison to other forms of financing. Applications simply call for basic companyinformation and a customer list. Years ofprofitability are not required which makes accountreceivable factoring an option for startupsgenerating receivables. It is possible that fundingcan occur in as little as a couple of days afterthe receipt of the application and invoices.

Each factoring company operates slightly different. It is important to understand which programs provide the greatest benefits and at the leastcost. Several criteria should be addressed whensearching for a reputable factor. Are there setupfees, maintenance fees or penalty fees? Is there along term contract? Are there monthly minimums?Does the invoice factoring company provide creditand collection services at no additional charge?What accounting reports will the factor supply? What value-added services does it provide?

Most business bankers are a good referral sourcefor reputable factoring companies. Bankers refer tobusiness factoring companies because they realizethat although the customer may not be bankable atthe time of the referral, in a short time it couldbe a viable candidate for conventional accountreceivable financing. As a short term accountsreceivable financing solution, factoringrelationships generally run from 6 months to acouple of years.

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Businesses choosing to maintain momentum, despite alack of conventional accounts receivable financingoptions, find that factoring not only offers cashbut also a stable foundation on which to build.They look to a future of managed growth andprofitable performance that will bridge the gap toqualifying for bank receivable financing.