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Account Receivable Factoring
Links
Why Account Receivable Factoring is Necessary
Your Account Receivable Factoring Company Benefits
Comparison of Account Receivable Factoring to Traditional
Funding
How Account Receivable Factoring works
Invoice Factoring History
Is Account Receivable Factoring For
You
On-Line Factoring Request
Form
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OCF Account Receivable Factoring - Providing account receivable factoring services nationwide - Over 70 years of factoring company experience
- Up to 97% Advance Rates
What Sets Us Apart
Our account receivable factoring program includes
the following
features Same Day funding on approved
invoices
We do not require a long term contract. 97% advance rates; tops 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.
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.
Account Receivable Factoring Fee
Structures: Fees are determined based on your
industry,
the credit worthiness of your customers,
how quickly your invoices
turn, and
monthly account receivable factoring volume.
OCF provides individualized customer
service,
by tailoring our flexible invoice factoring
programs to fit the individual
needs of each
of our clients. We strive to
be responsive, handling receivables
with speed,
efficiency, and a personal touch.
As a client you are assigned one account
administrator who will personally handle
all of your account activity and
inquiries.
This gives us the ability to buy your r
eceivables and get the money
to
you within 12 to 24 hours.
Having one person look after your receivable factoring
account also
makes it easy for you to decide
which invoices you are going to sell and
when
you want to sell those invoices.
Our funding is
primarily done by
direct deposit or wire.
OCF has more than 70 years of
successful
cash flow and credit management experience,
experience we would love
to put to work for you.
To talk with a member of our sales team, please contact one of our regional offices at:
Toll Free: 888-266-0197
Fax #: 425-702-1874
On-Line Factoring
Request Form
andrea@ocf.com
Why Account Receivable Factoring is Necessary
"A sale is not a sale until you collect the money"
Are you a part -time banker for your customers?Take a look at
your accounts receivable aging schedule and count the number
of accounts over 30 days.Congratulations, you are extending
credit to those customers. You are not getting paid for delivering
your end of the deal in a timely manner and as a result
you are providing the use of your money to your customer for free.
Not exactly the business you thought you were getting into, is it?
Ask yourself this question: If those customers of yours went
to a bank, borrowed the same amount of time,
would they expect to pay a substantial
amount of interest for the privilege?
Of course they would!...........
To continue please click here.
What is
Account Receivable Factoring? Cash flow is one of the
main reasons businesses fail. At one time or another, every business, even
successful ones, have experienced poor cash flow. Cash flow does not have to be
a problem any more. Do not be fooled -- banks are not the only places you
can get funding. Other solutions are available and you do not have to borrow.
One solution is called invoice factoring. Account Receivable Factoring is
the process of selling invoices to an investor rather than waiting to
collect the money from the customer.
Oh,
the Irony
Account Receivable Factoring has an ironic
distinction: It is the financial backbone of many of America's
most successful businesses. Why is this ironic? Because acount receivable factoring
is not
taught in business colleges, is seldom mentioned in business financing plans and
is relatively unknown to the majority of American business people. Yet it is
a financing process that frees up billions of dollars every year,enabling
thousands of businesses to grow and prosper. Invoice
Factoring has been around for thousands of years. Factors are investors who
pay cash for the right to receive the future payments on your invoices.
An unpaid receivable or invoice has value. It is a debt your customer has
agreed to pay in the near future
Is Account Receivable
Factoring Company For You? The key to knowing if
factoring is for you is to not to look only at the bottom-line invoice factoring
fee, but also to consider how your company may increase its profits through
factoring.
Account Receivable Factoring Benefits Receive money in as few days as two to four
days.
Maintain complete control of your business.
Remove or
lessen the business costs associated with the collection
process.
Gain a greater control over your cash flow by deciding
exactly how many invoices to sell and when.
Stop wasting time thinking
about cash flow issues and start spending more time on your
business.
You are not burdened with having to make monthly payments to
repay a loan................... For more benefits please click here
How Acount Receivable Factoring Works
The First Step: The Client
profile
You begin by filling
out a simple client profile, which we will provide you. Please click
here
for profile. This profile
will cover basics such as your company's name and address, the nature of
your business, and information about your customers.
You may need to
supply an accounts receivable aging report, existing customers' credot limits,
or other related documents. Remember the factor will attempt to determine the
creditworthiness of your customers independent of their credit history with your
business. We want a broader view of their overall credit status. Click here to continue
Is Acount Receivable 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........
Click here to continue
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Our
Account Receivable
Factoring Programs Can Help You
DOUBLE
YOUR
SALES
Contact a member of
our sales team at:
Toll
Free: 888-266-0197
On-Line Factoring
Request Form
Email Us
Hear What
Our Customers
Say About Us
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