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
1-866-593-2205 or
Email Us or
Complete our
ONLINE REQUEST
FORM
FACTORING
HOME PAGE
WHAT
OUR CLIENTS
SAY
ABOUT US
invoice factoring
company
and account receivable
factoring
and accounts
receivable financing
What Sets
Us
Apart
From The Others
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
100 YEARS
COMBINED EXPERIENCE
With over 100 years combined experience in factoring
in all industries.Our knowledge and
experience enables us to have a working
understanding of the unique demands you face each day.
NO MINIMUM DOLLAR
AMOUNT FOR EACH INVOICE.
You may factor all of your accounts or you may choose to factor
only a few. In other words,
you can customize your own account!
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.
24/7 Online account management
tools
Our online services let you view your reports and collection
activity updated daily.
Startup companies
are
welcome.
Startups Are Our Specialty!
If your company is just
getting
started, you've come to the right place. We can help you identify quality
customers,
strengthen your credit with positive cashflow, and
have our
account managers professionally represent your company.
More Factoring Information
While booking a accounts receivable credit is accomplished by a simple accounting
transaction
the process of maintaining and collecting payments on the accounts receivable
subsidiary
account balances is and can be a full time preposition. Depending on
the industry in practice accounts receivable credit
payments can be received up to 10 -
15 days after the due date has been reached. These types of payment practices
are sometimes developed by industry standards, corporate policy, or because of
the financial condition of the client.
By simply selling your invoices or receivables to a "factor" at a small
discount, the invoices to your customers
for goods delivered or services
rendered (accounts receivable credit) can be
converted into a type of "credit line" for
immediate cash. This type of accounts receivable credit financing
is very beneficial if your business is in
need of working capital and does not have the time to wait for its customers
to
pay their net term invoices. It is also very flexible since you are only
borrowing according
to your needs and against your own accounts receivable factoring.
This is, of course, easier said than done. The traditional advice for
minimizing accounts receivable
credit has always been that any amount collectable at
the time of service should be collected. But some
accounts receivable credi customers inevitably brandish
the old "I forgot my checkbook" excuse and escape without paying.
And some fees,
in particular the are difficult if
not impossible to calculate at the time of service and must be billed later.
accounts receivable credit is a company largest asset, typically amounting to over
40 percent of all assets.
Yet many a company operate year after year aggressively
pursuing sales while allowing their accounts receivable
credit and collection functions to run along
with little scrutiny and even less strategy. Bad debts and slow collections
have
been major factors in recent dealer failures. Accounts receivable credit management is
key to survival and growth.
There are numerous accounts receivable credit collection tools. The first is typically a collection
call.
The initial call includes fact finding, clarifying problems, overcoming
objections (if any), and determining a payment plan.
accounts receivable credit Collection letters are
another tool. As a last resort there are the more drastic steps of legal action
or a collection agent. Important steps to consider:
1. accounts receivable credit Collection starts with timely billing. Prompt billing is essential to accounts receivable turnover.
2. Determine the health of your accounts receivable credit by preparing a monthly Aged Trial Balance identifying your accounts and their status. Calculate the percentages in each column, current and past due, and set targets to reduce those percentages of aging receivables.