Finance Receivable















A steady and predictable cash flow
is crucial to the success and profitability
of every business. All too often a business
will find the majority of their working capital
tied up in accounts receivable. Listed
are just some of the ways your company can benefit from factoring with us:

Immediate Cash
We offer funding on your qualified accounts receivable in 12 hours or less.

Working Capital
Accounts Receivable Factoring is the
only financing mechanism directly linked to
your company's sales.
As sales increase more money becomes immediately available to you.
This allows you to meet increasing
demand for your products and/or services.

Other benefits include:
• Cash stability
• Simple to start and use
• Increased sales and profit potential
• Added purchasing power for supplies and equipment
• Ending payroll and tax payment worries
• Better ability to take trade discounts
• New financial and technical resources
• You keep control

Additional Finance Receivables Information
Depending on the agreement, businesses can pick and choose which invoices they wish to sell to the factor, 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 invoice is collected.  

 

The cost of doing business with a factoring company is the discount taken on the invoices submitted for funding.  Fees range from 1 to 10 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. 

 

Setting up a factoring relationship is quick and easy in comparison to other forms of financing.  Applications simply call for basic company information and a customer list.  Years of profitability are not required which makes factoring an option for startups generating receivables.  It is possible that funding can occur in as little as a couple of days after the receipt of the application and invoices.

Finave Receivables Principals

Although factoring deals exclusively with business-to-business transactions, a large percentage of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Using the purest definition of the word, these large consumer finance companies are really just large factors of consumer paper.

Think about it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid almost immediately, even though you do not make payment until you are ready. For this service, the credit card company charges Sears a fee (typical fees range from two to four percent of the sale).

The Benefits

Factoring can offer many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product or service that has already been delivered, a business can factor (sell) its receivables for cash at a small discount off the amount of the invoice.

Payroll, marketing efforts, and working capital are just a few of the business needs that can be met with this instant cash.

Factoring provides the means for a manufacturer to replenish inventory and make more products to sell: There is no longer a need to wait for earlier sales to be paid. Factoring is not just a cash management tool for manufacturers: Almost any type of business can benefit from factoring.

Generally, a business that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a moment about how much money is tied up in 60 days’ worth of invoices: You cannot pay the power bill or this week's payroll with a customer's invoice, but you can sell that invoice for the cash to meet those obligations.

Factoring is a fast and easy process. The factor buys the invoice at a discount, usually a few percentage points less than the face value of the invoice.


 


Credit Management Services at No Extra Cost
   We provide credit analysis on both
   new and existing accounts. 
   We actually pull credit reports
   from various reporting services that
   we contract with and report back
   to you as to whether or not
   they are creditworthy

circle03_skyblue.gif Experienced Account Managers
   We are seasoned professionals with
   an average of 11years industry experience per    account executive.   
   (Well above the invoice factoring industry
   norm of 2 years)

circle03_skyblue.gif Personalized Service
   You have one dedicated person and his
   or her assistant who handle your account.
 
   Unlike the others, with us you don't
   have to start over each time you call 
   with a new person

circle03_skyblue.gif 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




Top 50 Cities for Account Receivable Factoring

New York, New York (pop 8,084,316)

  1. Los Angeles, California Factoring Business Company (pop 3,798,981)
  2. Chicago, Illinois Factoring Company (pop 2,886,251)
  3. Houston, Texas Factoring Company (pop 2,009,834)
  4. Philadelphia, Pennsylvania Factoring Company (pop 1,492,231)
  5. Phoenix, Arizona Factoring Business Company (pop 1,371,960)
  6. San Diego, California Factoring Company (pop 1,259,532)
  7. Dallas, Texas Factoring Company (pop 1,211,467)
  8. San Antonio, Texas Factoring Business Company (pop 1,194,222)
  9. Detroit, Michigan Factoring Company (pop 925,051)
  10. San Jose, California Factoring Company (pop 900,443)
  11. Indianapolis, Indiana Factoring Company (pop 783,612)
  12. San Francisco, California Factoring Company (pop 764,049)
  13. Columbus, Ohio Factoring Company (pop 725,228)
  14. Austin, Texas Factoring Company (pop 671,873)
  15. Baltimore, Maryland Factoring Business Company (pop 638,614)
  16. Milwaukee, Wisconsin Factoring Company(pop 590,895)
  17. Boston, Massachusetts Factoring Company (pop 589,281)
  18. Washington, District of Columbia Factoring Company (pop 570,898)
  19. El Paso, Texas Factoring Company (pop 577,415)
  20. Seattle, Washington Factoring Company (pop 570,426)
  21. Denver, Colorado Factoring Company (pop 560,415)
  22. Charlotte, North Carolina Factoring Company (pop 580,597)
  23. Fort Worth, Texas Factoring Company (pop 567,516)
  24. Portland, Oregon Factoring Company (pop 539,438)
  25. Oklahoma City, Oklahoma Factoring Company (pop 519,034)
  26. Tucson, Arizona Factoring Company (pop 503,151)
  27. New Orleans, Louisiana Factoring Company (pop 473,681)
  28. Las Vegas, Nevada Factoring Company (pop 508,604)
  29. Cleveland, Ohio Factoring Company (pop 467,851)
  30. Long Beach, California Factoring Company (pop 472,412)
  31. Albuquerque, New Mexico Factoring Company (pop 463,874)
  32. Kansas City, Missouri Factoring Company (pop 443,471)
  33. Fresno, California Factoring Company (pop 445,227)
  34. Virginia Beach, Virginia Factoring Company (pop 433,934)
  35. Atlanta, Georgia Factoring Company (pop 424,868)
  36. Sacramento, California Factoring Company (pop 435,245)
  37. Oakland, California Factoring Company (pop 402,777)
  38. Mesa, Arizona Factoring Company (pop 426,841)
  39. Tulsa, Oklahoma Factoring Company (pop 391,908)
  40. Omaha, Nebraska Factoring Company (pop 399,357)
  41. Minneapolis, Minnesota Factoring Company (pop 375,635)
  42. Honolulu, Hawaii Factoring Company (pop 378,155)
  43. Colorado Springs, Colorado Factoring Company(pop 371,182)
  44. St. Louis, Missouri Factoring Company (pop 338,353)
  45. Wichita, Kansas Factoring Company(pop 355,126)
  46. Santa Ana, California Factoring Company (pop 343,413)
  47. Pittsburgh, Pennsylvania Factoring Company (pop 327,898)
  48. Arlington, Texas Factoring Company (pop 349,944)
  49. Cincinnati, Ohio Factoring Company (pop 323,885)
  50. Anaheim, California Factoring Company (pop 332,642)
  51. Toledo, Ohio Factoring Company (pop 309,106)
  52. Buffalo, New York Factoring Company (pop 287,698)
  53. St. Paul, Minnesota Factoring Company (pop 284,037)
  54. Corpus Christi, Texas Factoring Company(pop 278,520)
  55. Aurora, Colorado Factoring Company (pop 286,028)
  56. Raleigh, North Carolina Factoring Company (pop 306,944)
  57. Newark, New Jersey Factoring Company (pop 277,000)
  58. Lexington-Fayette, Kentucky Factoring Business Company (pop 263,618)
  59. Anchorage, Alaska Factoring Company (pop 268,983)
  60. Louisville, Kentucky Factoring Company (pop 251,399)
  61. Riverside, California Factoring Company (pop 274,226)
  62. Bakersfield, California Factoring Company (pop 260,969)
  63. Stockton, California Factoring Business Company (pop 262,835)
  64. Birmingham, Alabama Factoring Company (pop 239,416)
  65. Jersey City, New Jersey Factoring Company (pop 240,100)
  66. Norfolk, Virginia Factoring Company (pop 239,036)
  67. Baton Rouge, Louisiana Factoring Business Company (pop 225,702)
  68. Hialeah, Florida Factoring Company (pop 228,149)
  69. Lincoln, Nebraska Factoring Company (pop 232,362)
  70. Greensboro, North Carolina Factoring Company(pop 228,217)
  71. Plano, Texas Factoring Company (pop 238,091)
  72. Rochester, New York Factoring Company (pop 217,158)
  73. Glendale, Arizona Factoring Company (pop 230,564)
  74. Akron, Ohio Factoring Company (pop 214,349)
  75. Garland, Texas Factoring Company(pop 219,646)
  76. Madison, Wisconsin Factoring Company (pop 215,211)
  77. Fort Wayne, Indiana Factoring Company(pop 210,070)
  78. Fremont, California Factoring Company(pop 206,856)
  79. Scottsdale, Arizona Factoring Company (pop 215,779)
  80. Montgomery, Alabama Factoring Company (pop 201,425)
  81. Shreveport, Louisiana Factoring Company (pop 199,033)
  82. Lubbock, Texas Factoring Company (pop 203,715)
  83. Chesapeake, Virginia Factoring Company(pop 206,665)
  84. Mobile, Alabama Factoring Company (pop 194,862)
  85. Des Moines, Iowa Factoring Company (pop 198,076)
  86. Grand Rapids, Michigan Factoring Company (pop 196,595)
  87. Richmond, Virginia Factoring Company (pop 197,456)
  88. Yonkers, New York Factoring Company (pop 197,234)
  89. Spokane, Washington Factoring Company (pop 196,305)
  90. Augusta-Richmond County, Georgia Factoring Company (pop 193,101)
  91. Glendale, California Factoring Company (pop 199,430)
  92. Tacoma, Washington Factoring Company (pop 197,553)
  93. Irving, Texas Factoring Company (pop 196,119)
  94. Huntington Beach, California Factoring Company (pop 193,799)
  95. Arlington, Virginia Factoring Company (pop 189,927)
  96. Modesto, California Factoring Companya (pop 203,555)
  97. Durham, North Carolina Factoring Company(pop 195,914)
  98. Boise, Idaho Factoring Business Company (pop 189,847)
  99. Winston-Salem, North Carolina Factoring Company (pop 188,934)