We are the BEST factoring service
company in the industry.

There are some factoring service companies out there which like to claim to be the best. However, we don’t claim anything. We prove it to you! But, don’t get sick of hearing it -- because we’re confident, and we’ll say that we’re the best whenever we get the chance.

Invoice Discount

What is Factoring service?

Factoring service is quite simple, actually. It is a time-honored and proven method for businesses to get cash when they need it. It has been practiced in America since colonial times and is one of great financial services that have kept this country’s businesses strong for so many years.

Here’s how factoring service works:
You’re a business that provides goods and services to customers who are creditworthy. Once you provide that customer with an invoice you have to wait to be paid. The problem with this is that customers sometimes take weeks or even months to pay invoices. This is especially true if you’re a B2B (Business to Business) company.

With a factoring service like us you don’t need to wait for this cash. We will purchase your outstanding invoices at an excellent rate. You get the cash immediately and we do the work on collecting from your customers. It’s a win-win for you because you get the cash that your business needs right now and you no longer have to waste time in collecting on invoices or wondering when your cash is going to come in.

reasons to use a factoring service service

  • Fast growing businesses need cash for purchases and to cover operating costs.
  • No debt created! You get cash without taking on a small business loan.
  • Expansion of business into different markets.
  • Start-ups with no financial records or credit can get the cash they need from factoring.
  • Improved credit rating of your business by putting cash in your bank accounts.
  • Timely tax payments or payment of State and Federal tax liens.
  • The need for cash in seasonal down times.
  • Short-term cash to act as a bridge loan or to meet payroll needs.




WE PROVIDE HUNDREDS OF MILLIONS IN CASH EACH YEAR

We relieve your headaches and stress of collecting on accounts receivables.

Most Convenient

You have 24/7 account access 365 days a year.

Invoice Discount

Always Reachable

When you call, you get to speak to a real live person.

Invoice Discount

Factoring service is great for any business that offers services or delivered goods.



Fast money for businesses that need it

Don’t wait long periods for a loan. Many of our factoring deals can take place in as little as 24 to 48 hours. If you need capital right now or are looking to expand then factoring is the way to go. We work on your time instead of you working on a bank’s schedule.


MAXIMIZE YOUR TIME BY
MINIMIZING THE COLLECTION PROCESS

If you need cash and you’re sitting on a lot of unpaid invoices then factoring with us is the way to go. We’ll give you the cash that your business needs and collect from your customers.


NO DEBT - JUST CASH

Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with factoring.


CAN’T GET A LOAN

If you’re a start-up or your business has a poor history or credit then you can still get the cash that you need. Today’s banking atmosphere makes it a challenge for even the most-qualified businesses to get a loan. Factoring takes care of all of that.


HELP SMALLER BUSINESSES WITHOUT THE STAFF

Without a collections department or a small staff, collections often come down to you doing all of the leg work. Our Factoring Service will alleviate that burden and provide the service that you’re not equipped to handle.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Companies of all different sizes, including start ups, use factoring; and today factoring has become common business practice across many industries.

 

 

 

Invoice Discount Articles

The Difference between Accounts Receivable Financing and Factoring

 

Today, it’s not as easy for businesses to access finance as it was in past years, and more companies are being forced to look for alternative, non banking financing options in order to access the capital they require to help their business grow.

 

Two of the more popular tools available to cash strapped business owners are Accounts Receivable Financing (A/R Financing) and factoring. Some business owners believe these two are the same, but there are, in fact, some small yet significant differences.

 

What Is Factoring?

 

Factoring is when a commercial finance company, also known as a factor or factoring company, purchases a business’s outstanding accounts receivable. At that time, the factor will typically advance the business somewhere between 70% and 90% of the invoice’s value. Then, once the invoice is collected from the customer, the remaining balance – minus a factoring fee – is released to the business. The factoring fee could range from between 1.5% and 5.5%. It’s calculated on the total face value of the invoice and depends on how many days the funds are in use and other aspects, like the collection risk.

 

When a business has a factoring contract they can usually choose which invoices they want to sell to the factor: it’s not generally an all or nothing process. Once the factor has purchased an invoice they become responsible for managing the receivable until the account has been paid. Essentially, the factor becomes the business’s accounts receivable department and credit manager, analyzing credit reports, performing credit checks, mailing invoices, and documenting payments.

 

What Is Accounts Receivable Financing?

 

Accounts Receivable Financing is more similar to a traditional bank loan, however there are some key differences. Bank loans are secured with collateral; which might be real estate, the business owner’s personal assets, or plant and equipment; whereas Accounts Receivable Financing is backed by the business’s assets related to the Accounts Receivable. When a business has an Accounts Receivable financing agreement, a borrowing base is established at each draw against which the business is able to borrow money: this would typically be between 70% and 90% of the qualified receivables.

 

Between 1% and 2% is typically charged as a collateral management fee against the outstanding amount, and interest is only calculated as and when the money is advanced. An invoice must be less than 90 days old in order to count towards the borrowing base, and the finance company must deem the business credit worthy. There may also be other conditions to fulfil.

 

So, you can see that there are many similarities between Accounts Receivable financing and factoring; however, one is the sale of an asset (receivables or invoices) to a third party, while the other is actually a loan. In many ways, though, they do act similarly. Below we’ve listed the main features of each so you can determine which would be the best fit for your company.

 

Accounts Receivable Financing

 

• Generally, Accounts Receivable Financing is not as expensive as factoring;
• It can be easier to move from this type of financing to a traditional bank line of credit once a business becomes bankable again;
• Typically, a minimum of $75,000 per month is required in sales to qualify, so this type of financing may not be available to small companies;
• Due to the fact that the business will be required to submit all of its Accounts Receivable to the finance company, this type of financing can be less flexible than factoring.

 

Factoring

 

• It’s quite easy to qualify for factoring, and factoring is the ideal solution for start ups and financially challenged companies;
• Because businesses can decide which invoices they want to sell to the factor, factoring offers more flexibility than Accounts Receivable Financing;
• The company is able to track total costs on an invoice by invoice basis because factoring has a simple and straightforward fee structure.

 

In Conclusion

 

Today we see both Accounts Receivable Financing and factoring as traditional sources of financing; effective when traditional bank financing is not an option. Factoring can carry a business through a period when an immediate cash input is required.

 

Somewhere between 12 and 24 months most companies are generally able to repair their financial situation and once again become bankable. However, some companies in certain industries continue factoring their invoices indefinitely.An example of this is the trucking industry, which relies heavily on factoring for cash flow injections.

 

 

 

 

Invoice Discount Articles

"

Factoring

 

Invoice factoring
trucking factoring companies
factoring companiesp> 

As the owner of your own business, you may be more than aware already of the difficulty in making sure that cash flow issues do not become a problem down the line. After all, the worst thing that can possibly happen for your business is to find yourself embroiled in a long and difficult situation that leaves you forever trying to find two pennies to rub together.

 

For any business in this situation, the problem can come for waiting for work to clear up and actually be paid into your account. Invoices, cheques and the like can take some time to actually processed which can leave you with short-term cash flow issues. Thankfully, there are options out there for businesses to look into – and one of these is factoring companies.

 

Factoring companies will, in exchange for your invoices, provide you with the cash today so that you don’t need to worry about the waiting period that could make paying the bills and getting materials more difficult. With this type of setup, invoice factoring can become incredibly useful for many businesses who need to get out of a cash trap which they have found themselves in.

 

Because, depending on the size of the job, it can take up to 60 days for some businesses to get paid then it’s important to cover your own back and not leave yourself short in that day. after all, how many businesses have two months revenue just lying there to cover all the losses until they get paid?

 

This is especially true of trucking companies. They tend to deal with lots of invoices which means a significant amount of running around and donkey work for the business owner themselves. Trying to get paid in time can become an incredible hassle and this is why you get specific trucking factoring companies who are happy to help out truckers specifically.

 

As we all know, trucking is an incredibly large industry with many companies out there employing hundreds of drivers. Unfortunately, many of these drivers can spend night in the cold or hungry as they are still waiting for work from six weeks ago to actually pay them. When this is the situation for a trucking company, turning to factoring companies for assistance might be the best choice left.

 

This means that a trucking company can pay the wages of the staff, keep all the vans topped up with fuel and continue to scale, grow and expand without always waiting for the never-never with money which is taking forever to arrive coming in. businesses running without a factoring model put in place are leaving themselves in significant risk, as competitors cash out fast and continue to expand.

 

There’s genuinely nothing to be worried about when it comes to using a Factoring company – they aren’t like a payday loan firm or somebody who is going to leave you with a huge pile of debt to apy back. Although you are technically borrowing a loan, so long as you only ever give them genuine invoices from work you have already finished you are merely speeding up the payment process.

 

In the United States, where trucking companies thrive, factoring companies are not considered borrowing in any capacity. This confidential agreement then allows both parties to profit and enjoy a comfortable future – it gives the factoring company a guaranteed asset of income to add to the list and it gives the trucking firm a wad of cash that they worked hard to earn.

 

The trucking company will usually need to pick up the invoice and cash it in still, and then make the payments back to the factoring company. Because it’s a confidential agreement, and it can look bad for a business to be involved in this type of short-term finance even though it’s perfectly legal and a very common practice, it’s usually in the hands of the company to get the money for the factor.

 

This is an extremely old business type and has been used for many years by many different types of work – but none more so than truckers. While you may miss out on a small part of the money , something like 15% depending on who you work with, it means that you are getting the money today and can actually start putting some food on the table.

 

After all, an IOU or an invoice is not going to be you fed and washed, is it? For trucking companies when the money can be good one day and gone the next, it’s up to the drivers to work sensibly and to ensure they are leaving themselves with a significant amount of time and finance to get through the week until they are paid again.

 

So the next time your trucking business is having some short-term cash flow issues and you are spending too much time chasing up slow paying clients, why not start considering to use factoring businesses as a way to change your motive and give yourself a more comfortable future in the eyes of your trucking staff and your bank balance?

 

 

"

 

 

Invoice Discount Articles

How Medical Staffing Helps The Medical Industry

 

Mary Henderson sat in her office, waiting for the phone to ring. Her job was a busy one, and she had stopped all her calls and shut her door five minutes before the phone conference was set to begin just to get some time for herself. The truth was she was stressed to her breaking point. Her company Med Staff needed to hire three new people to cover the demand of their clients. The problem was, they couldn’t. They were short on funds.

 

Med Staff did temporary medical staffing. They employed LPN’s, RN’s, and a few others of the same ilk. Companies that needed nursing for a short amount of time paid Med Staff, and the nurses were sent over on short term contracts. Then they came back, and they were sent somewhere else.

 

A retirement home had contacted Mary two weeks ago, they were undergoing an expansion, and they would need temporary staffing until they could appoint permanent nurses to the shifts. Mary had known she didn’t have enough people for this, but she took the contract on anyways, figuring she could hire people. There were always a number of nurses and technicians applying for work at Med Staff, and she knew it wouldn’t be a problem to hire a few new people.

 

There had been a problem though. There simply wasn't enough money in the books to do it. The company was doing fine, but a quick expansion, even as small as three people, simply wasn’t going to happen, not without help.

 

She had gone to the bank for a loan, but they had denied her. It seemed to Mary that the only people who could get loan money from a bank were the people who didn’t need to do so. And then she had found something different, a website online about factoring. She had looked the site over, and set up the conference call.

 

The phone rang, she picked it up. “Hello?”

 

“Hi, is this Mrs. Henderson?” a cheery woman’s voice asked over the phone.”

 

“It is.”

 

“Great! My name is Stacy, I’m going to help you today.”

 

“Okay great.” Mary said.

 

“I’m looking over the form you filled out, it looks like your company temporarily staffs medical professionals?”

 

“Yes,” Mary said. “Nurses mostly.”

 

“Great,” Stacy said. “And if you called me, it means you ran into a snag.”

 

“I took a contract to fill five places in an expanding retirement community. I have two people available but needed to hire three more. Unfortunately, we just don’t have that kind of money in the books right now. We have a few outstanding invoices yet to be paid, but until they come in, there’s nothing I can do.”

 

“Do you know how factoring works?” Stacy asked.

 

“Not really,” Mary admitted.

 

“Okay, well we don’t look at your business credit, we look at your clients’ credit. We know they have some time to pay bills, and we’re interested to see if they can pay those bills. If they can, we become interested in helping you out, because we think all businesses should have a fair shot to make it, and sometimes things just don’t work out.”

 

“This is the first time it hasn’t worked out,” Mary said. “And it’s hard.”

 

“I know. I hear about it every day. The cool thing about my job is I get to help fix it. So what we do, if we feel secure in our ability to help you, is we buy a piece of your accounts receivable. We aren’t just loaning you money, we’re basically becoming active in your business. That is you get the money you need right now, but we have an assurance that we get our money back, later down the road.”

 

Mary nodded behind her desk, even though the other woman couldn’t see her. She had never heard of factoring before she came across the site on the internet, but the way Stacy explained it certainly made sense.

 

The call continued, with Mary giving the information that Stacy would need. She promised to get back to her within a couple of days, and then they hung up. Mary went on with her work, and a day and a half passed.

 

Mary was at her desk when he phone rang then. It was Stacy.

 

“Good news,” she said as soon as Mary said hello. Mary couldn’t help but smile as Stacy went on. “We’re going to be able to help you out.”

 

“You don’t know how great it is to hear you say that,” Mary said.

 

“Believe me, I do,” Stacy said. “I get to say it more often than not, and I know that we’re really helping good people, and good businesses.”

 

“The bank, they couldn’t do anything,” Mary said, she felt salty tears stinging her eyes as they welled there.

 

“They aren’t built to help people like we are. They just want as much money as they can get. We want money too, because it’s a business, but if you don’t succeed, we don’t succeed, and it’s also important to us that we help people.”

 

“So what’s next?” Mary asked.

 

“Well the real answer is I fax some stuff over for you to fill out and sign, but the fun answer is your business gets the help it needs, and you keep going to work each day. Well, not the weekends.”

 

Mary couldn’t help but laugh. “Believe me,” she said. “I work plenty of weekends.”

 

Stacy laughed as well, and then got the fax number she would need. Once again the women hung up and Mary let out a long breath as she sat back in her chair. She used a tissue to dab the tears from her eyes. She knew everything was going to be okay.

 

 

 

You Can Find More Information at  http://financereceivable.org/
and at Receivables Factoring at truckingservice.org

Call Us Today at: 1-800-986-1859

 

Invoice Discount Company Links

Account Receivable Collection Process

 

Account Receivable Collections

 

Account Receivable Credit

 

Account Receivable Factor

 

Account Receivable Factoring

 

Account Receivable Finance

 

Account Receivable Funding

 

Account Receivable Loan

 

Account Receivable Loans

 

Accounts Receivables Financing

 

Accounts Receivables Funding

 

Accounts Recievable Factoring

 

Accounts Recievable Financing

 

Advance Factoring

 

Advance Receivable

 

Best Business Loans

 

Best Factoring

 

Best Factoring Company

 

Best Freight Factoring

 

Business Factoring

 

Business Factoring Invoice

 

Business Factoring Receivables

 

Business Factoring Services

 

Business Factors

 

Business Financial Factoring

 

Business Funding

 

Business Funding Services

 

Business Invoice Factoring

 

Business Receivable Funding

 

Business To Business Factoring

 

Businesses Factoring

 

Buy Accounts Receivable

 

Buy Receivables

 

Buying Accounts Receivable

 

Buying Receivables

 

Cash Factoring

 

Cash Flow Businesses

 

Cash Flow Company

 

Cash Flow Finance

 

Cash Flow Financing

 

Cash Flow For Small Business

 

Cash Flow Funding

 

Cash Flow Small Business

 

Cash For Invoices

 

Cash For Receivables

 

Cash From Receivables

 

Cash Receivable

 

Cash Receivables

 

Commercial Credit Lines

 

Commercial Factoring

 

Company Factoring

 

Company Funding

 

Company Invoice

 

Company Invoices

 

Construction Factoring

 

Construction Factoring

 

Construction Invoice Factoring

 

Contract Factoring

 

Contractor Factoring

 

Credit Account Receivable

 

Credit Accounts Receivable

 

Credit Factoring

 

Credit Invoices

 

Credit Receivable

 

Credit Receivables

 

Credit To Accounts Receivable

 

Discount Factoring

 

Discount Of Receivables

 

Discount Receivable

 

Discount Receivables

 

Discounted Receivables

 

Discounting Accounts Receivable

 

Discounting Factoring

 

Discounting Invoices

 

Discounting Of Receivables

 

Discounting Receivables

 

Easy Business Loans

 

Export Factoring

 

Factor

 

Factor Account Receivable

 

Factor Accounts

 

Factor Ar

 

Factor Company

 

Factor Finance

 

Factor Financing

 

Factor Funding

 

Factor Funding Company

 

Factor In Finance

 

Factor Invoices

 

Factored Accounts Receivable

 

Factored Invoice

 

Factored Invoices

 

Factored Receivables

 

Factoring For Small Businesses

 

Factoring Usa

 

Factoring Accounts Recievable

 

Factoring Advice

 

Factoring Agency

 

Factoring Agent

 

Factoring Agents

 

Factoring Agreement

 

Factoring Agreements

 

Factoring And Financial Services

 

Factoring And Invoice Discounting

 

Factoring Ar

 

Factoring Arrangements

 

Factoring Association

 

Factoring Bank

 

Factoring Broker

 

Factoring Brokers

 

Factoring Businesses

 

Factoring Charges

 

Factoring Company Account Debt Buyer

 

Factoring Companys

 

Factoring Construction

 

Factoring Consultant

 

Factoring Consultants

 

Factoring Contract

 

Factoring Contracts

 

Factoring Cost

 

Factoring Costs

 

Factoring Credit

 

Factoring Credit Lines

 

Factoring Facility

 

Factoring Factoring

 

Factoring Fees

 

Factoring Finance

 

Factoring Financial

 

Factoring Financial Services

 

Factoring Firm

 

Factoring For Business

 

Factoring For Small Business

 

Factoring For Small Businesses

 

Factoring For Trucking

 

Factoring Franchise

 

Factoring Freight Bills

 

Factoring Funding

 

Factoring In Business

 

Factoring In Finance

 

Factoring Industry

 

Factoring Invoice Discounting

 

Factoring Invoice Discounting

 

Factoring Invoices

 

Factoring Lending

 

Factoring Line Of Credit

 

Factoring Lines

 

Factoring Loan

 

Factoring Loans

 

Factoring Machine

 

Factoring Money

 

Factoring Non Recourse

 

Factoring Of Accounts Receivables

 

Factoring Of Invoices

 

Factoring Of Receivables

 

Factoring Process

 

Factoring Program

 

Factoring Programs

 

Factoring Quote

 

Factoring Quotes

 

Factoring Rates

 

Factoring Receivables

 

Factoring Receivables Accounting

 

Factoring Receivables Rates

 

Factoring Receivables With Recourse

 

Factoring Recievables

 

Factoring Recourse

 

Factoring Services

 

Factoring Solution

 

Factoring Solutions

 

Factoring System

 

Factoring Website

 

Factoring With Recourse

 

Factors Business

 

Factors Finance

 

Factors Small Business

 

Fast Business Loans

 

Fast Factoring

 

Finance Accounting Services

 

Finance Accounts Receivable

 

Finance Ar

 

Finance Factoring

 

Finance Invoices

 

Finance Of Factoring

 

Finance Receivable

 

Finances Factoring

 

Financial Factoring

 

Financial Factoring

 

Financial Invoice

 

Financial Services Factoring

 

Financing Accounts Receivables

 

Financing Factoring

 

Financing Receivable

 

Financing Receivables Accounting

 

Finding Funding Small Business

 

Freight Bill

 

Freight Bill Factoring

 

Freight Bill Funding

 

Freight Bill Of Lading

 

Freight Bills

 

Freight Factoring Rates

 

Freight Factoring Services

 

Freight Funding

 

Freight Invoice Factoring

 

Freight Invoices

 

Full Service Factoring

 

Funding A Company

 

Funding A Small Business

 

Funding Business Capital

 

Funding Company

 

Funding Factor

 

Funding Factoring

 

Funding Working Capital

 

Funding Your Business

 

Healthcare Accounts Receivable Financing

 

Healthcare Factoring

 

Immediate Business Funding

 

Immediate Cash Flow

 

Import Factoring

 

Invoice Business

 

Invoice Cash

 

Invoice Company

 

Invoice Credit

 

Invoice Discount

 

Account Receivable Financing

 

Account Receivables Financing

 

Accounts Receivables Finance

 

Accounts Receivables Lending

 

Accounts Receivables Loan

 

Factoring

 

Factoring Company

 

Factoring Companies

 

Factoring Financing

 

Factoring Invoice

 

Factoring Service

 

Invoice Discounting

 

Invoice Factoring

 

Invoice Financing

 

Invoice Funding

 

Receivable Factoring

 

Receivable Financing

 

Receivable Funding

 

Receivable Lending

 

Receivable Loans

 

Receivables Factoring

 

Invoice Factoring Companies

 

Receivables Factoring

 

Receivables Financing

 

Receivables Funding

 

Receivables Lending

 

Receivables Loans

 

Receivables Factoring Companies