Receivables Funding

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Why Businesses Choose Us
Again and Again
for their Invoice Factoring

circle03_skyblue.gif Same Day Funding

circle03_skyblue.gif Advance Rates that Exceed
   Industry Norms by 20%
   We offer cash advance rates up to 97%
   The typical maximum in the invoice factoring    industry is 80%.
   We can offer you higher advances because
   of our unique financing capabilities


circle03_skyblue.gif Flexible Contracts-

   We provide you with contracts
   that meet your cash flow needs,not ours.
   
   Unlike the others, we do not make
   you sign long-term contracts and we don't
   charge you fees when you are inactive.

circle03_skyblue.gif Invoice Processing
   Not only can we offer you the most
   advanced technolgy but we also maintain
   the old-fashioned systems because
   every client has different needs.

   Unlike the Others, our objective here
   is not to force you to conform to us,
   but to get you the cash you need
   in the quickest and most
   efficient manner.

Please contact us today
   and our seasoned invoice factoring
   specialists will help you
   get the cash you need TODAY

1-800-986-1854

Email Us

or complete the

On-Line Invoice Factoring Request Form

 

More Receivables Funding Information

What is receivables funding?
In its simplest form, receivables funding is the purchase and sale of a company’s
accounts receivable (invoices) at an amount less than (a discount of) the face value.
(Example: If the factoring discount is 3 percent, the receivables are being purchased for 97 cents on the dollar).
This allows a company to convert its dormant assets — or receivables — into useable cash flow. It is not a loan.

The cost of doing business with a receivables funding company is the discount taken on
the receivables submitted for funding.  Fees range from 1 to 3 percent, depending on volume,
credit-worthiness of the customers sold and overall risk.  The discount taken is best compared to a
merchant accepting a Visa or MasterCard transaction and receiving immediate payment,
less a percentage or discount, before the actual cardholder has paid his or her monthly statement. 

Depending on the agreement, businesses can pick and choose which receivables they wish to sell to
the receivables funding company, who immediately advances eighty percent or more of the face value of the invoices.
 
The balance of the funds, less the discount fee, is released once the receivables are collected.  

The cost of doing business with a receivables funding company is the discount taken on the invoices submitted for funding. 

What is invoice factoring?

In a nutshell, invoice factoring consists of converting a company’s accounts receivable
into cash by selling invoices to a factor at a discount. Factoring 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 allows your company to stop worrying about cash flow and start focusing on what really matters in a business — operating it.

3. What does all of this terminology mean?

Eight fundamental terms to you understand the factoring process better.

  • Account creditor: another name for the client
  • Account debtor: another name for the clients’ customers; the entity that the factor collects from
  • Accounts receivable: money received or owed to the client
  • Accounts payable: money the client pays out or owes
  • Advance rate: the percentage of money that a factor advances its clients upon the sale of its invoices
  • Discount fee: a fee that the factor charges when purchasing an invoice
  • Reserve: the percent advanced, less the factor’s discount fee

 

How to Increase Cash Flow Without Borrowing

Cash flow is one of the main reasons businesses fail. At one time or another, every business, even successful ones, have experienced poor cash flow. Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are available and you do not have to borrow.

What is Factoring?

One solution is called factoring. Factoring is the process of selling accounts receivable to an investor rather than waiting to collect the money from the customer.

Oh, the Irony…

Factoring has an ironic distinction: It is the financial backbone of many of America's most successful businesses. Why is this ironic? Because factoring is not taught in business colleges, is seldom mentioned in business plans and is relatively unknown to the majority of American business people. Yet it is a financial process that frees up billions of dollars every year, enabling thousands of businesses to grow and prosper.

 

The uncomfortable ritual of making incoming cash receipts stretch to cover short term obligations frustrates even the most seasoned business managers.In recent years, an increasing number of businesses have discovered that receivables funding  can combat the ups and downs of unpredictable cash flow cycles.  More importantly, receivables funding companies  are providing the small business community with a viable source of working capital when conventional financing is not always an option.

Receivables Funding 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 receivable funding 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 receivables funding.

Invoice factoring benefits are:

 Freight factoring
account receivable factoring
Invoice factoring