|
Almost every civilization that valued commerce has practiced some form of factoring, including the Romans who were the first to sell actual promissory note at a discount. invoice factoring
and account receivable factoring services The first widespread, documented use of factoring occurred in the
Factoring has a long and rich tradition, dating back 4,000 years to the days of Hammurabi. Hammurabi was the king of Mesopotamia, which gets credit as the "cradle of civilization." In addition to many other things, the Mesopotamians first developed
writing, put structure into business code and government regulation, and came up with the concept of factoring. factoring companies
Denver factoring companies After a while, Hammurabi and the Mesopotamians went the way of extinct civilizations, but factoring endured. American colonies before the revolution. During this time, cotton, furs and timber were shipped from the colonies. Merchant bankers in London and
other parts of Europe advanced funds to the colonists for these raw materials, before they reached the continent. This enabled the colonists to continue to harvest their new land, free from the burden of waiting to be paid by their European customers. Chicago Factoring Companies That Really
Work.. Chicago factoring
companies consists of converting a company's accounts receivable into cash
by selling invoices to a factor at a discount One solution is called factoring.
. Factoring is the process of selling accounts receivable to an investor rather
than waiting to collect the money from the customer. ... That Really Work.. Chicago Factoring
Companies Factoring Company Our ...
How To Make More Money With Our Factoring Loan
Programs.Unique 97% Advance Rates The only factoring loan company offering
97% advance rates .Our factoring loan company uses our own money,
which means we can be more flexible with our factoring loan
company rates ... (pop
3,798,981) Chicago, Illinois Factoring CompanyFactoring Company.How to Pick The Right
Program For Your Company businesses have discovered that factoring
company can combat the ups and owns of unpredictable cash-flow cycles and
provide a viable source of working capital when conventional financing is not
always an option. ...
factoring company Chicago factoring company
Staffing Chicago,Illinois factoring companies
Building Products Distributor Chicago,Illinois factoring companies
Building Products Waterproofing Distributor Chicago,Illinois factoring companies
Farmer Chicago,Illinois factoring companies
Manufacturing Chicago,Illinois factoring companies
Maintenance Service specializing in lighting Chicago,Illinois factoring companies
Bean Marketing Chicago,Illinois factoring companies
Machine Knives Chicago,Illinois factoring companies
Custom Auto Body for Emergency and Chicago,Illinois factoring companies
Municipality Vehicles Chicago,Illinois factoring companies
Emergency and Municipality Vehicles Chicago,Illinois factoring companies
Parts and Installations Chicago,Illinois factoring companies
Metalized coating Chicago,Illinois factoring companies
Auto Parts Chicago,Illinois factoring companies
Powder Coating Chicago,Illinois factoring companies
Utility Construction Chicago,Illinois factoring companies
Commercial Diving /Ship repair by divers Chicago,Illinois factoring companies
Machine Shop Chicago,Illinois factoring companies
Tutoring Chicago,Illinois factoring companies
Trucking Chicago,Illinois factoring companies
Trucking - Refrigerated Freight Chicago,Illinois factoring companies
Trucking - Dry Freight Chicago,Illinois factoring companies
Trucking - Over the Road Chicago,Illinois factoring companies
Security Services Chicago,Illinois factoring companies
Commercial & Industrial Refrigeration Chicago,Illinois factoring companies
Repair & Maintenance Chicago,Illinois factoring companies
Freight Forwarding Chicago,Illinois factoring companies
Freight Expediting Chicago,Illinois factoring companies
Metal Distributor Chicago,Illinois factoring companies
Consulting Chicago,Illinois factoring companies
Software Development Chicago,Illinois factoring companies
Recognize that these were not banking relationships as they exist today. If the colonists had been forced to use modern banking services in eighteenth century England, the process would have been much slower. The banks would have waited to collect from the European buyers of the raw materials before paying the seller of these goods, the colonists. (And at that point, who needed the bank?) This was not practical for anyone involved. So, just as
today, the "factors" of colonial times made advances against the accounts receivable of clients, enabling the clients to continue with their operations, long before they had been paid for what they were sold
"You have always provided service above and beyond any other company I have dealt with. Our account manager gives us 100% and is only one of the reasons we have chosen to stay with you." - Leroy , V.P. Security Services Company
Is a Factoring Company 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 company to help you with your decision.
How are factoring company 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
|
|
We are a nationwide company offering invoice 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!
Our customers tell us that our combination of low rates,flexible contracts and exceptional
service makes us the best choice for invoice
factoring services.
We have been providing invoice
factoring services nationwide for decades
and have clients in hundreds of industries. Including
factoring for Health Care Staffing, Tansportation, Trucking, Manufacturing, Labor Staffing,
and much more.
Unlike other invoice 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
When you become our client you will be served by our staff that has an average of 11 years account receivable
factoring industry experience per
account executive. (Well above the invoice 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
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% Invoice Factoring 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.
Invoice Factoring 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 invoice factoring specialists at
1-888-239-9162 or
Email Us or Complete our ONLINE INVOICE FACTORING REQUEST FORM
INVOICE FACTORING HOME PAGE
"In all my years of finance experience I have found you as being the
best source, your personal touch and commitment to us has made
our relationship a great blend of business and friendship." -Omar, Controller for Utilities Company
INVOICE FACTORING BENEFITS
IS INVOICE FACTORING FOR YOU
WHY INVOICE FACTORING IS NECESSARY
HOW INVOICE FACTORING WORKS
WHY OUR CUSTOMERS CHOOSE US
INVOICE FACTORING HISTORY
SWITCHING INVOICE FACTORING COMPANIES?
HERE IS HOW IT WORKS
EVERYTHING YOU NEED TO
KNOW ABOUT INVOICE FACTORING
|
|