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A Breakthrough Factoring Company
Offering Factoring Programs
Tailored
to Make You More Money
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' credot 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
GET YOUR CASH TODAY
Call our factoring
specialists at
We Can Offer You What Others
Can't
Unlike other factoring companies, our program includes
the following features at no additional charge:
• 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
Also
• Personalized Service
- you have one dedicated person and his or her assistant who handle your
account.
You don't have to start over each time you call
with a new
person
• We are seasoned professionals with an average of 11 years
industry experience per account executive
(Well above the factoring
industry norm)
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% 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.
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
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Hear What Our
Customers Say About Us
"In all my years of finance experience I have
found you as being the best source, their personal touch and
commitment to us has made our relationship a great blend of business and
friendship."
-Omar , Controller for Utilities Company
Please click here to continue
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Quick Continuous Cash Yes! And You Also
Get Our
Credit Risk Expertise
at No Additional Fee
Accurately assessing credit risk is really the essential
part of our factoring business. Few, if any, business clients
can
perform this function as objectively as we will.
For no additional fee,
we act as your credit department for new and existing customers.
This
provides you with a huge advantage
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Why Factoring is Necessary
"A sale is not a sale until
you collect the money"
Are you a part -time banker
for your customers?
Take a look at your accounts receivable aging....
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