Alabama Factoring Companies
Nationwide commercial factoring services
Over 70 years of factoring companies experience
Up to 97% advance rates
Our unique funding capabilities include private sources that are not restricted by banks
allowing us to offer you services that other factoring companies can't match.
Our customers tell us that our combination of low rates, flexible contracts, and exceptional service make us the best choice for factoring companies services.
We have been providing factoring companies services nationwide for decades and we have customers in hundreds of industries. Including Oilfield and Gas, Trucking and Freight Brokers, Manufacturing, Staffing and Recruitment, and many more .
Above average advance ates
Experienced account management
Credit management services
Same day funding
Increased cash flow
Improved financial statement
Cash for expansion and marketing
Improved credit rating
Increased purchasing power
Timely payroll and tax payments
Professional credit checking services
Professional collection services
No loan payments
Reduced time spent on collections
Reduced collection costs
No incurred debt
FactoringFinancing.ORG Alabama Factoring Companies Provides Account Receivable Collection Process services to all industries:
1. Take Advantage of Early Payment Discounts - Having access to cash enables businesses to save on average 2% by taking advantage of early payment terms offered by suppliers. The points saved by reducing raw materials costs helps to offset the Alabama Factoring Companies fee.
2. Take Advantage of Volume Discounts - Having cash also enables businesses to buy raw materials in greater volume. This saves money and directly impacts the bottom line.
3. Reduce Late Payment Penalties and Interest Charges - Having immediate cash on hand to pay current obligations as they become due eliminates late charges from suppliers and other creditors.
4. Meet Obligations on Time - Paying vendors on time helps to establish a solid credit track record and allows for increased future credit limits from vendors as well as financial institutions.
companies that use Account Receivable Collection Process
is typically used by consumer product companies. That is, companies that sell
products that ultimately end up in retail stores. Industries in which is commonly used include:
5. Offer Credit Terms to Customers - Offering credit terms to customers is a common way to increase sales by making it " easier" for customers to buy. Having financial backing to carry accounts receivable is essential if a business wants to be able to follow through on its commitments. Reputable factors encourage " managed" growth by consulting with clients regarding exposures and other risks when taking on new credit accounts.
The difference between Alabama Factoring Companies and other sources of financing is that the factor actually purchases and tracks commercial invoices. In addition to providing immediate cash on invoices, the factor performs valuable credit analysis on new and existing customers and conducts professional, routine follow up on invoices as they become due.
For the business manager who spends a good portion of the day collecting, bookkeeping and searching for capital, the entire Alabama Factoring Companies package offers peace of mind. The manager can actually focus on important aspects of the business that are often pushed aside, such as marketing and production
Setting up a Alabama Factoring Companies relationship is quick and easy in comparison to other forms of financing. Applications simply call for basic company information and a customer list. Years of profitability are not required which makes Alabama Factoring Companies an option for startups generating receivables. It is possible that funding can occur in as little as a couple of days after the receipt of the application and invoices.
Each factor operates slightly different. It is important to understand which programs provide the greatest benefits and at the least cost. Several criteria should be addressed when searching for a reputable factor. Are there setup fees, maintenance fees or penalty fees ? Is there a long term contract ? Are there monthly minimums ? Does the factor provide credit and collection services at no additional charge ? What accounting reports will the factor supply ? What value - added services does it provide ?
FactoringFinancing.ORG Alabama Factoring Companies
Whether you are a machinist operating out of a garage or a staffing company placing hundreds of workers in the largest firms, you undoubtedly face cash flow dilemmas from time to time. The uncomfortable ritual of making incoming cash receipts stretch to cover short term obligations frustrates even the most seasoned business managers.
In recent years, an increasing number of businesses have discovered that Alabama Factoring Companies can combat the ups and downs of unpredictable cash flow cycles. More importantly, factors are providing the small business community with a viable source of working capital when conventional financing is not always an option.
Currently, $62 billion dollars in invoices are factored in the United States each year. In the last 10 years, the volume of invoices factored has increased by $10 billion dollars.
Historically, the bulk of Alabama Factoring Companies was predominately in the textile, furniture and apparel industries. Today, Alabama Factoring Companies firms are working with all types of industries, including: manufacturers, service providers, transportation companies and high technology firms. Locally, as growing Puget Sound firms continue to prosper, suppliers and contractors are looking for additional sources of working capital to accommodate increased sales volume.
The overall increase in Alabama Factoring Companies volume is mainly attributed to the credit crunch in the late 80s. As the availability of bank commercial credit tightens, more businesses look towards alternative sources of financing to achieve growth.
Depending on the agreement, businesses can pick and choose which invoices they wish to sell to the factor, who immediately advances eighty percent or more of the face value of the invoices. The balance of the funds, less the discount fee, is released once the invoice is collected.
The cost of doing business with a Alabama Factoring Companies company is the discount taken on the invoices submitted for funding. Fees range from 3 to 9 percent, depending on volume, credit - worthiness of the customers sold and overall risk. The discount taken is best compared to a merchant accepting a Visa or MasterCard transaction and receiving immediate payment, less a percentage or discount, before the actual cardholder has paid his or her monthly statement.
Most business bankers are a good referral source for reputable Alabama Factoring Companies companies. Bankers refer to factors because they realize that although the customer may not be bankable at the time of the referral, in a short time it could be a viable candidate for conventional financing. As a short term financing solution, Alabama Factoring Companies relationships generally run from 6 months to a couple of years.
Businesses choosing to maintain momentum, despite a lack of conventional financing options, find that Alabama Factoring Companies not only offers cash but also a stable foundation on which to build. They look to a future of managed growth and profitable performance that will bridge the gap to qualifying for bank financing.
Factoring Companies in helping in their first years of business, as well as companies that are having tremendous growth and need more cash.
FactoringFinancing.ORG is a Factoring Company that Provides a wide range of Account Receivable Collection Process financial services
FactoringFinancing.ORG Provides Account Receivable Collection Process Company Services to all states:
Unlike other Companies, FactoringFinancing.ORG Alabama Factoring Companies makes Account Receivable Collection Process easy to obtain with minimal paperwork.
The fact is that most companies share a common dilemma during periods of rapid growth of incoming orders draining cash flow. Alabama Factoring Companies not only provides immediate cash but, efficient businesses also use it as a tool to increase profit margins:
is typically used by trucking companies.