Factoring Business



 

 

 

 

 

 

 

 

 












About The Factoring  Business Industry

Factors can help those firms that banks often find difficult to approve such as start-up companies whose growth outstrips cash.  The primary focus in a factoring relationship is the credit-worthiness of the customers being invoiced and the client’s ability to produce a quality product or service.   Simply put, if the business has an acceptable product or service that it provides to a creditworthy customer then the business is a candidate for factoring.

The fact is that most companies share a common dilemma during periods of rapid growth of incoming orders draining cash flow.  Invoice factoring not only provides immediate cash but, efficient businesses also use it as a tool to increase profit margins:

1.     Take Advantage of Early Payment  Discounts - Having access to cash enables businesses to save on average 2% by taking advantage of early payment terms offered by suppliers.  The points saved by reducing raw materials costs helps to offset the factoring fee. 

2.     Take Advantage of Volume Discounts - Having cash also enables businesses to buy raw materials in greater volume.  This saves money and directly impacts the bottom line.

3.     Reduce Late Payment Penalties and Interest Charges - Having immediate cash on hand to pay current obligations as they become due eliminates late charges from suppliers and other creditors. 

4.     Meet Obligations on Time - Paying vendors on time helps to establish a solid credit track record and allows for increased future credit limits from vendors as well as financial institutions.

Offer Credit Terms to Customers - Offering credit terms to customers is a common way to increase sales by making it “easier” for customers to buy.  Having financial backing to carry accounts receivable is essential if a business wants to be able to follow through on its commitments.  Reputable factors encourage “managed” growth by consulting with clients regarding exposures and other risks when taking on new credit accounts.

 

A Breakthrough Factoring Company
Offering Factoring Programs Tailored
to Make You More Money 

We Can Offer You What Others Can't

Unlike other account receivable 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

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% Account Receivable 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.

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