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Accounts Receivable Financing Companies


 Using Factoring Companies  really isn't for everybody. But for  enterprises that  need to have  funds  easily-- or don't  like to  bother with banks-- it's one avenue to go.


  Small companies  oftentimes  really need  a bit more cash than they have on hand. It  could be for an  urgent situation, a  short lived  business opportunity or,  in some cases, such ordinary events as a payroll to  satisfy.

How to be  well prepared and  stay clear of a cash-flow squeeze?  Barring having an ATM in-house,  lots of  companies are  taking advantage of what once was a  disputable  means of  getting hold of  fast money.

It's called factoring, and it's  built on a  practical idea. A  firm sells its invoices or accounts receivable to a  company that  focuses on  securing their payments. That  company, called a  factoring company, advances most of the invoiced amount-- 70 % to 90 % is  commonplace-- to the  firm after  taking a look at the credit-worthiness of the billed party. After the bill is paid  completely, the  receivable factoring company  transmits the balance to the client,  less a transaction, or factoring, fee.

The process can be swift.  The moment the  factoring company is satisfied that  she or he will be paid,  funds from an invoice can be in the hands of the issuing client within 24 to 48 hours.  Undoubtedly, for many  enterprises, the  greatest  appeal of  invoice discounting is not being held captive by slow-paying customers.


Help at the Start


 A few  firms  employ  invoice factoring to get  going. Because it is the financial  strength of their customers that most  interests a  receivable factoring company,  companies with scant history can  still sell their  receivables.

Although it has  assisted many  enterprises get on their feet,  a few that have factored accounts receivable to meet their cash-flow needs  claim they  looked at it as a stopgap  step.

"It's something we will  remove ourselves from over time, as we're  capable to establish other funding-- which we're  focusing on," says a business owner.

receivable financing

 Possibly chief among  receivables factoring's  downsides is its  charge. A factor may charge several percentage points  greater than a  typical  lending institution.

"We know we're not the cheapest form of financing," says a factoring company owner. And for some clients, he adds, "we're a temporary  remedy, not a long-term solution." But he and other  invoice factoring companies can  recall lists of clients who have been with them  for several years-- some because they  regard banks  as being " unpleasant.".


 Invoice discounting's origins go back thousands of years, to the Mesopotamians. It was also a  crucial source of  funding for American colonists who would  send furs, lumber and tobacco to England.  Consequently,  some of  receivable factoring's  leading users was the U.S. garment industry, where the  time period between  managing to get cloth to be made into a suit, say, and being paid for the final product  might be many months.


Today,  however, the  method is at work across the  business landscape.  A lot of  receivable factoring companies  concentrate on certain  forms of businesses,  for instance,  transportation,  staffing or  oilfield services.  Trade sources estimate that billions of dollars in accounts receivable will be factored this year.


 Shifting Ties.


 One particular reason  named for  invoice factoring's  improved  appeal is what  many  owners say has been the breakdown of the personal relationships that once  distinguisheded  business banking. A decade or so ago, a  company owner recalls., says he could call his bank and say, "'I need $ $70,000 in my account,' and they would say, 'OK. The next time you come in you can sign the  essential  documents.' ".

 Nowadays, he says, he 'd have to do the  written documents before receiving the  dollars. "That makes  invoice factoring more  appealing to a  business owner like me," he says.


 Invoice discounting isn't for  everybody. It  most likely wouldn't be economical for a firm that sends out  great numbers of small-denomination invoices,  due to the service fees a  factoring company  might assess for  evaluating each one for risk.

Another  discouraging factor some  point out is a negative  symbolism tied to factoring's garment-industry heritage, where companies factoring  commonly were found to be financially  weak. A  similar commonly held  perception is that a  business  makes use of a  factoring company because it isn't credit-worthy enough to  work with a bank.


The U.S. Small Business Administration  claims it doesn't have a position on  invoice discounting as a financing  resource.  Nonetheless, it contends that  a lot of  business firms "may be able to find more advantageous terms and conditions through the use of an SBA-guaranteed business loan.".

 Proponents point to various ways  receivable factoring can save a business money. Since the  factoring company handles credit checks and bill collections, a business can  minimize its overhead by not having to staff for that in-house.  In addition, because  factoring companies won't  take on a questionable invoice, businesses can  minimize the  problems-- and losses-- that  can be found in  working with a customer who  ends up being a deadbeat. In those  times, factoring becomes a safety net.


"Any time we get a  brand-new customer we forward the name [to the factor] and they  check it out  promptly," says a  company owner, who has sold accounts receivable for a decade or more.

Depending on what his  factoring company  discovers, it may  recommend a maximum line of credit his  company should  give to a customer. And  even though that  quality control may deter the business owner from a sale, the factoring  firm is " certainly doing us a  good turn," he says. " Typically, if somebody doesn't pay, you have to have an attorney  chase them, and it comes out of my  wallet.".


 Invoice discounting can be a  great  assistance for those who  intend to do business overseas but  fret about being paid. That's  most especially true for  smaller sized  organizations that have  very little or no  years of experience abroad, or  do not have the financial means or  networks to collect from a customer thousands of miles away.

The business owner says he  typically uses  invoice factoring to  earn discounts for his company by paying for large quantities of supplies upon delivery, knowing that he can cover that check by factoring invoices. On a $120,000 truckload of steel, the discount could be $6,000 or so, he says. That's more than enough to  pay for his factoring costs, he says. "So I'm using the factoring company's money to make money," he says.  Small companies also can save  funds by paying cash on delivery, of course-- something factoring may  assist in.


 Also one-person operations can benefit from  invoice factoring. a lawyer who  provides services for court-appointed work for indigent people, uses a factoring company to collect from the courts and other government agencies.

"You can't usually bill  before a case is over, and that  can be anywhere from two months to a year," he says,  keeping in mind that his bills sometimes can  total several thousand dollars. Of factoring as a business tool, he says, "For  anyone who has a big cash-flow problem, I would  highly recommend it.".







Precisely how a  Accounts Receivable Financing Made  an Ordinary  Firm  Dominant

 trucking factoring


  Anytime your customers take 30 to 90 days to pay an invoice, you are  funding their  enterprise. They are  taking advantage of the  funds which is  in fact owed to you to run their  company ... money you  can be  utilizing to pay your  people,  get new  machines or  expand your company in  many other ways.


 Using a factoring company  empowers you to  defeat the problems  made by your slow-to-pay customers by advancing to you a percentage of the invoiced amount.  In this manner you have  funds as soon as your service or product has been delivered, not 45 days later.


 That is unlike  standard  sorts of financing, such as bank loans and venture capital,  factoring companies  largely  check out the creditworthiness of your customers, not you.  Basically,  factoring companies are most likely to say '' of course'' when banks and investors say " never".  For this reason,  even when you are a start-up business, factoring can open previously  shut doors to  possibilities and growth.


Industries our receivable financing programs serve

  • Importers and Exporters
  • International Factoring Services
  • Janitorial Services
  • Machine Shops
  • Maintenance
  • Manufacturing
  • Medical Transcription Services
  • Oil and Gas
  • Printers
  • Security Guards
  • Service Providers
  • Tech
  • Staffing Agencies
  • Wholesalers
  • Beer, Wine and Spirits
  • Bankers
  • Pallets

We Finance
receivable financing programs 

  • Growth Opportunities
  • Start-Ups
  • Working Capital Needs
  • Payroll Funding
  • Slow-paying customers
  • Government Suppliers
  • Bank Turn-Downs
  • Maxed-Out Lines of Credit
  • Operating Losses
  • Turn-arounds
  • Undercapitalized Companies
  • High Customer Concentrations
  • IRS Issues - Tax Liens
  • Seasonal Businesses
  • Vendor Guarantees




Accounts Receivable Financing Companies
Nationwide commercial factoring services
bullet.gif Over 80 years of receivable funding experience
bullet.gif Special 97% advance amounts

Our outstanding financing capabilities include personal sources that are not restricted by banks
permitting us to supply you services that other receivable funding companies can't match.

Our clientele inform us that our combo of reasonable prices, accommodating deals, as well as extraordinary customer service make us the greatest option for receivable financing services.

We have been providing receivable funding services nationally for many years and we have clientele in all industries. Including Manufacturing, Staffing and Recruitment, Oilfield and Gas, Trucking and Freight Brokers, as well as several more .

bullet.gif Above average advance ates  
bullet.gif Personalized service
bullet.gif Experienced account management  
bullet.gif Credit management services
bullet.gif Invoice processing
bullet.gif Flexible contracts
bullet.gif Same day funding

bullet.gif Cash for expansion and marketing
bullet.gif Improved credit rating
bullet.gif Increased purchasing power  
bullet.gif Timely payroll and tax payments
bullet.gif Professional credit checking services
bullet.gif Professional collection services
bullet.gif No loan payments  
bullet.gif Reduced time spent on collections
bullet.gif Reduced collection costs
bullet.gif No incurred debt
bullet.gif Increased cash flow
bullet.gif Improved financial statement

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We are currently providing accounts receivable financing services nationwide including the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

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Provide protection to your business: 7  kinds of insurance coverage


 Setting up a business is  about possibilities, optimism, and promise. But it should also be a time for ensuring  safeguards and security.  And makes a  thorough package of insurance  crucial for all  companies.


The  initial you  must do is to  switch off your  faucet of  undisciplined  wish for the moment and  in its place  determine just what might  misfire. While that may seem a  little  offensive, it's an  imperative step in  determining those  type of insurance risks that you'll ultimately  will need to tackle.


Don't  restrict your risk  evaluation to what you see yourself, have at least two insurance agents conduct their own risk analysis of your business (it's free, so don't be gun-shy about  obtaining two or more  studies). Try to hook up with insurance professionals who have  dealt with your  form of business and are experienced in  determining what you  will need to insure and how much coverage is prudent.  Furthermore, check with your local town hall or state insurance office, as some communities and states  require  certain forms of insurance coverage.


 While insurance needs vary widely from one business to the next, here's a  short checklist of policies you'll  need to  think about.


1. Business owner coverage.  Alternatively  referred to as "catch-all" coverage, business owner insurance  offers damage protection from fire and other mishaps. Owner coverage also  provides a degree of liability protection.


2. Property insurance. This can augment the property coverage offered by business owner insurance. Property insurance covers damage to the building that houses your business,  likewise to as items inside,  like furniture and inventory.


3. Liability insurance. In our litigation-looped society, this may be as  essential a form of coverage as you can  buy. This covers damage to property or injuries suffered by someone else for which you are held responsible. This can take in a range of  troubles, from the postal worker who sues you for a dog bite incurred during a delivery to your home business, to the clumsy customer who  burns himself after you make your complimentary coffee just too  dang hot.


4. Product liability insurance. You might want this form of coverage if you make a product that could  possibly harm someone else.  Example, catering businesses worried about some dicey-looking truffles or Brie would do well to  add this coverage.


5. Errors and omissions insurance. This coverage is particularly important to service-based businesses, offering protection should you  miscalculate or neglect to do something that causes a customer or client some  impairment. A good example is doctor's medical malpractice insurance, which practicing physicians are required to  have.

manufacturing factoring

6. Business income insurance. This is disability coverage for your business. This  guarantees you get paid if you lose income  due to damage that temporarily shuts down or  restricts your business.


7. Automobile insurance. This last item should come as no great  shock. If your business uses cars or trucks  somehow, you  need to have this  sort of insurance for collision and liability coverage.


The list might look  large. But  always remember the big rule: Never, ever  opt for insurance you know  is  deficient,  for instance, $300,000 in property insurance for a shop worth well more than half a million dollars.  Regrettably, insufficient coverage is often the rule for beginning businesses. Not only can some owners have a  difficult time  picturing the worst happening,  significant insurance premiums are often at the bottom of entrepreneurs' preferred expenditures list:.


 Having said that, there are ways to  ease  massive insurance costs. Start by  consulting appropriate trade associations or professional groups, as many offer  low insurance as part of a membership package.  Likewise,  think of  increasing the size of your policy deductibles.  While that means paying more  expense if something  fails, higher deductibles can lower your premiums.


 Lastly, don't overlook outsourcing certain  parts of your business to  chop insurance costs.  Such as, not every florist on the block  should maintain a fleet of delivery vans.  Even though that means  needing to pay  another to  ship your roses  about town, it does  eliminate the expense of auto insurance,  as well as  a couple of the liability if there's an  mishap.