Our customers tell us that our combination
of low rates and exceptional service makes
us the best choice for factoring services.


Is Factoring For You?


The key to knowing if factoring is for you is to not
to look only at the bottom-line factoring fee, but also to
consider how your company may increase it's profits through factoring.

Here is additional information on factoring
to help you with your decision.

How are fees and advance rates determined?
It is based on several factors:
The creditworthiness of your clients
Your monthly billing volume
Average invoice size
Average days to payment
Fees can range from 2-5 % of the invoice's face value.
For example if the invoice's value is $1,000; a fee of 3% equals $30.

What is an advance?
The amount of money you receive immediately when we
buy your invoice. The balance is returned to you when
your customer pays the invoice.
Advances range from 60-95% of the invoice's face value.
For example if the invoice's value is $1,000 an advance
rate of 80% equals $800. The balance of $200 less the
factoring fee is returned to you when your customer pays the invoice.

Comparing Bank Lending Rates to Factoring?
When compared to bank lending rates, factoring
initially appears to be very expensive. Here are five typical
questions/concerns that are raised by potential factoring clients

  1. Wow! 3 points per month! That's 36 percent year!
    It is tempting to annualize the numbers, but that is an "apples and oranges" comparison.Banks loan money at an annualized interest rate, 12 percent per year for example. We purchase your receivables at a discount. The products are different and there are other inconsistencies to this inappropriate comparison

    The bank provides the money only one time, the day that you receive the loan; we provide money continuously. As an example, consider a bank loan for $100,000 at 12 percent. You receive the $100,000 just one time and then pay $1,000 interest per month interest and you still owe the $100,000. Or the bank could provide you with a line of credit that you use only when you need the money but the bank is charging you for that privilege and if you need to increase your line you need to go through the qualifying process all over again.

    When you factor $100,000 each month for a year you have the use of $1.2 million (12 x $100,000) over the year. Unlike a bank loan where you have just $100,000 one time. Assuming a 3 point discount, the fees over the year will be 12 x $3,000 or $36,000, which is still 3 percent of $1.2 million. And at the end of the year you have no debt!

  2. I'm only making 3% profit, how can I pay you 3 points?
    A company making only 3% net profit can do more business volume as a result of factoring, and the larger volume will result in a higher profit margin because fixed costs do not increase with volume. The added business at a higher marginal profit leads to an increased overall profit margin. As the volume increases, the cost of production decreases, so that profits increase. Fixed costs i.e., rent, electric, insurance, etc., increase very little or not at all with volume. An increase in business will not affect rent. Electric bills may rise slightly. Workers compensation insurance may rise slightly. These costs do not increase as do direct production costs.

    Let's graphically do the math assuming you can double your sales
    Without Factoring
    Monthly Gross Sales $50,000
    Cost of Goods Sold $30,000 60% of Gross Sales
    Monthly Gross Profit $20,000 40% of Gross Sales
    Fixed Expenses $10,000
    Variable Expenses $8,500 17% of Gross sales
    Factoring Fee N/A
    Total Expenses $18,500 37% of Gross Sales
    Monthly Net Profit $1,500 3% of Gross Sales

    With Factoring
    Monthly Gross Sales $100,000
    Cost of Goods Sold $60,000 60% of Gross Sales
    Monthly Gross Profit $40,000 40% of Gross Sales
    Fixed Expenses $10,000
    Variable Expenses $17,000 17% of Gross Sales
    Factoring Fee $3,000 3% Fee
    Total Expenses $30,000 30% of Gross Sales
    Monthly Net Profit $10,000 10% of Gross Sales

  3. But I only get 80% of my money upfront!
    Let's assume an advance rate of 80%. Let's also assume that you begin factoring in January. You have factored $100,000, we pay you $80,000 of that money upfront, with the remaining money making up the fee (3%) of $3,000 and the reserve (17%) of $17,000.
    Now in February, you once again factor $100,000 and receive $80,000. However. you also receive your January reserve of $17,000(assuming your customer pay in 30 days). So for February, you actually receive 97% of your money, instead of 80%.
    In the second month and going forward you are basically receiving 97% of your cash flow.

  4. But what if my customers take longer than 30 days to pay?
    You have several options, Assume your client takes 60 days to pay you bill your client in the normal fashion and simply allow 30 days to go by prior to factoring that invoice. That way you pay the 30 day fee.
    Another way is to factor your faster customers first for the cash you need.



    We are a nationwide company offering
    factoring programs the others can't
    because of our unique funding capabilities.
    The others are restricted by their banks on
    what kind of factoring programs they can offer.
    We are not restricted!

    We have been providing factoring services
    nationwide for decades and have clients
    in hundreds of industries


    When you become our client you will

    be served by our staff that has
    an average  of 11  years factoring industry experience per account executive.  
    (Well above the factoring industry norm!)

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

    Unlike other factoring companies, our program includes the following features at no additional charge:
    12-24 hour funding on approved invoices
    Highest advance rates in the industry
    Credit analysis on new and existing customers
    Continuous collection management and follow up on    factored invoices
    Invoice and statement mailing (postage included)
    Account status inquiries anytime;
      24/7 online account access.
      
    We allow you to electronically submit Invoices
    Free credit checking on new customers at no   additional cost

Our flexibility allows you to maintain control:
You select accounts you prefer to factor on an invoice   by invoice basis.
You control total factoring costs by only factoring on an    "as needed" basis.


Up to 97% Advance Rates:

Advance rates are based on overall risk associated with a particular industry as well as experience and track record. We hold reserve accounts to accommodate industries which typically experience dilution and that we would otherwise not be able to service. Advance rates range from 80% to 97% of the gross invoice amount.

Fee Structures:

Fees are determined based on your industry, the credit worthiness of your customers, how quickly your invoices turn, and monthly factoring volume.

GET YOUR CASH TODAY
Call our factoring specialists at

1-866-593-2205 or

Email Us  or
Complete our

ONLINE REQUEST FORM


 
























































































 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Top 50 Cities for Truck Factoring

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

  1. Los Angeles, California Truck Factoring 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 Truck Factoring Company (pop 1,492,231)
  5. Phoenix, Arizona Truck Factoring 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 Truck Factoring 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 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 Truck 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 Truck 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 Truck 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 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 Company (pop 262,835)
  64. Birmingham, Alabama Truck 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 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 Truck 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 Truck 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 Truck Factoring Company (pop 189,847)
  99. Winston-Salem, North Carolina Factoring Company (pop 188,934)