Our same day factoring accounts funding policy gets cash out to you within 12-24 hours. You have the cash when you need it, which will help keep your business moving.
Our same day factoring accounts funding policy gets cash
out to you within 12-24 hours. You have the cash when you need it, which will
help keep your business moving.
Factoring accounts with us includes complete credit management services. We fully research new clients and, equally important, routinely check the credit ratings of your existing customers. As a part of the process you will also receive accounting, transactional details, aging reports and financial management reports which can be incorporated into your own sales tracking, account history and in-depth analysis.
Our experienced account
managers are seasoned professionals, each with an average of 11 years in the
industry (well above the industry norm of 2 years). And unlike the others, you
have one dedicated person and his or her assistant who handle your account. You
donšt have to start over with a new person each time you call. Our personalized
service sets us apart from other factoring companies -- we always go the extra
mile to make sure your financial needs are met.
We offer cash advance rates of up to 97%
-- exceeding industry norms by 20%. The typical maximum in the factoring
industry is 70-80%. We can offer these great rates because of our unique and
flexible combination of bank and private financing.
Please contact us today and our seasoned invoice factoring professionals
will help you get the cash you need today.
- Call us at 1-800-986-1859
-
Complete the Online Factoring Accounts Request Form
More Factoring Accounts Basics
There are very few things more important to a new, starting small or medium business than cash equity. There are many things that count as equity for example business equipment, cash on hand, line of credit, and even invoices. That's right! Invoices can be a means of equity for almost any business, but getting a working cash flow is usually only possible through recourse or non recourse factoring.
What exactly is receivable financing? How does non recourse financing differ from recourse financing? Is non recourse financing right for your blooming business? Let's take a few moments to explore the answers to these fascinating questions.
Factoring is a means of getting a cash advance on payable invoices. Factoring companies hold the payable invoices, and the business gets the much needed cash. When the finance loan business
debtor pays the invoice directly through the financing company, and monies remaining are then given to the business. There is a fee, of course, for this service, and the service has two types of factoring coverage: recourse and non recourse.
Recourse financing translates to what the meaning of recourse actually is in and of itself. When recourse financing is the term of the cash advance on payable invoices, should the debtor of that invoice not pay his or her invoice, the factoring company has "recourse", or the option, to get the monies owed directly from the business receiving the cash advance. Recourse financing means the business is held liable for the future payment of the payable invoice.
invoice factoring
freight factoring
account receivable factoring
Small business owners should be aware that factoring is different in several fundamental respects from bank financing. For one thing, noted Business Journal, it is more expensive.;collecting accounts receivable
Costs usually represent 2 percent to 10 percent of sales; he reported.;Fees deducted from the balances paid to you [the small business owner] include a managing accounts receivable finance charge, which may run 1 percent to 5 percent above the current prime rate, and a service charge that is often a function of the daily balance outstanding, increasing as the balances age. Arrangements for business factoring invoice
fees vary widely, depending on the accounting accounts receivable
credit quality of your customer account balances and the range of services that you are purchasing from the factor; In addition, small business owners should recognize that utilizing a factor company is an all-or-nothing proposition. As noted ;Factors demand 100 percent of a client;s receivables. They will not limit their efforts to those receivables considered marginal or high risk;