A Breakthrough Factoring Invoice Company
Offering Factoring Programs
Tailored
to Make You More Money
We Can Offer You
What Others Can't
Unlike other factoring
invoice 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
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
1-866-593-2195
admin@factormoney.com
On-Line Factoring Request Form
More About The Factoring Invoice Process
Every factoring invoice company calculates its fees differently. Most all of us base fees on the gross invoice amount (not net) and we do not pay interest on reserve balances. All factoring invoice company vary on how they handle reserve releases as well. OCF typically holds 10% in reserve and advances 90% to the client. The fees come out of the reserve
What is factoring invoice?
In a nutshell, factoring invoice consists of converting a company’s accounts receivable into cash by selling invoices to a factor at a discount. Factoring invoice is a valuable financing option for companies who are just starting out or who are experiencing a period of rapid growth. Because invoice factoring companies rely on being paid by your customers, your own financial history does not have any bearing on your qualification. Most importantly, factoring invoice allows your company to stop worrying about cash flow and start focusing on what really matters in a business — operating it.
What makes a good factoring invoice deal? The real key is finding out who your client is working for. As a factoring invoice, what we’re most concerned with is who the debtor is — in other words, the business entity that’s paying for the project. we start by asking some elementary questions. Does the client have a bank line? What other work does the client have going on? While these seem like very simple questions, they provide us with the essential information that we require as a possible funding source.
A lot of your customers may already be familiar with factoring invoice . Factoring is one of the oldest methods of providing working capital to help businesses solve their cash flow needs. In fact, credit card transactions are the most common form of factoring invoice used today. Some of the largest corporations in the world benefit from factoring millions of dollars of their accounts receivable every year.
So, why not simply go over to the friendly banker for a loan,instead of factoring invoice, to alleviate cash flow problems? A loan can be difficult if not impossible to receive, especially for a young, high-growth operation, because bankers are not expected to decrease lending restrictions soon. The relationships between businesses and their bankers are not as strong or as dependable as they used to be.
freight factoring
account receivable factoring
invoice factoring