Click Here To See
Factoring Services
|
Traditional FactoringThis can be an ideal resolution for companies that are expanding quickly, have got seasonal work, or maybe need extra cash flow to purchase inventory, make payroll or invest in advertising and marketing.
|
|
|
|
Spot FactoringSmall enterprise owners prefer for this kind of factoring when they do not want to factor all of their invoices. Generally, companies will need to spot factor when they don�t need a steady flow of cash or have varying gross margins where it does not make sense to factor.
|
|
|
|
Export FactoringExport factoring will work for businesses that would like to offer terms to international customers but nonetheless want to receive cash when the goods are delivered. The �factor,� or a finance company, purchases the receivables owed to you and forwards payment, usually 70% to 90%, once it has the receivables paperwork. The client pays the factor, not you, once it receives the goods. The factor deducts a small fee when it gets the balance on the invoice and returns the rest of the money to you.
|
|
|
|
Recourse FactoringThis type of factoring works best when you're doing business with monetarily healthy clients. Its comparable to Traditional Factoring except for you agree to buy back the invoice of any client that declines or is not able to pay (due to bankruptcy).
|
|
|
|
Non-Recourse FactoringUsing Non-Recourse factoring the risk of bankruptcy and non-payment is shifted to the Factor. The Factor cannot come back to you for payment if the customer goes bankrupt. The factor is not expected to cover invoices that are disputed. This form of finance is appropriate when minimal risk is preferred over lower fees. |
|
|
|
Freight Bill FactoringThis method of finance turns your freight bills into cash. Instead of waiting for payment, transportation companies forward their invoices to a factor that, in return, advances funds to your trucking company.
|
|
|
|
Construction FactoringConstruction finance gives sub-contractors and general contractors accessibility to quick cash from your invoices so it is possible to get the funds you will need to start your next project. The factoring company buys construction invoices and advances a percentage-often within 24 hours-then gathers the funds and forwards the remainder of the invoice to you, less a factoring fee.
|
|
|
|
Government Receivables FactoringWinning a government contract can be an exciting moment for any company, however these kinds of accounts don�t usually pay promptly, which may limit your capacity to take on new orders or fulfill new contracts. Government Receivables Factoring provides cash, usually within just 24 hours of submitting your government invoices to a factor.
|
|
|
|
Medical Services FactoringMedical Services Factoring fills up the cash gap inherit in working with third-party payers, just like an insurance company, Medicare or Medicaid. It gives you quick access to money to pay bills, payroll, and buy equipment.
|
|
|