Los Angeles Factoring Companies| Get Rid Of Cash Flow Worries for Good| at accountreceivablefinancin
Time 2021-11-09 18:09:05Web Name: Los Angeles Factoring Companies| Get Rid Of Cash Flow Worries for Good| at accountreceivablefinancin
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Los Angeles Factoring Companies
Here's What You Need To Know To Select The Most Beneficial Factoring Business For Your Business.
With so many Factoring businesses to choose from claiming this and that. It's valuable for your company to recognize what's not alike. So how do you select one?
You're probably thinking, "I don't have time for this". We'll give you a hand to help you make this choice painlessly.
And you'll understand why Over 45% of our new business comes from Client Referrals. Easily the best referral rate in the factoring industry. All the others don't come even close!
You might believe that all Factoring businesses merely- give you cash for your accounts receivable---No Borrowing - No Debt!
While That's correct However they are not all alike, there are a handful of Factoring businesses that will genuinely provide your business more than just cash.
With some factoring firms, You'll also receive stellar service and financing plans to further help improve your company's sales.
You're probably thinking, "I don't have time for this". We'll give you a hand to help you make this choice painlessly.
. And you'll understand why Over 45% of our new business comes from Client Referrals. Easily the best referral rate in the factoring industry. All the others don't come even close!
Call Now at 1-800-986-1859
If you haven't heard of Factoring, it is basically a fast way to get cash from your invoices.
Factoring is Not a LoanWhen you give your customers an invoice, they usually have 30 days to pay you back. Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.
Factoring Doesn't Require Debt
Sounds simple enough – fast cash for your business – no loans, no debt.
Everyone states they have the lowest rate plans in the business, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums and so forth so forth.
We also deliver all of these benefits, yet we also DELIVER EYE-OPENING SERVICE AND PLANS that other accounts receivable factoring firms don't and can't.
Our Claim is not just hot air. Here's the proof, about half of our new business comes from existing client referrals. As we all know clients don't give referrals randomly. After all their reputation is on the line, no one wants to risk giving a bad referral; it can come back to haunt you. They make referrals to help their business friends and it feels great to provide support.
Let's cut to the chase, it's no contest, no other factoring business comes even close to our benchmarks of A-list services and offerings.
FINANCIALLY SECURE
We have been in the factoring business since 1979, are independently held, and have a proven track record of being FINANCIALLY SECURE. We have survived many of the economy's booms and busts and having had these experiences, can support you through any bad circumstances you might come under. We won't collapse when the times get bad, as some factoring companies sadly have in the past.
ACCESS INTO A KING-SIZE NETWORK
Each factoring company has criteria for size, industry, and risk. It's just about impossible for you to determine which factoring business is a second to none fit for you. By reaching out to us, we can cut out a tremendous amount of time by helping you find the ideal fit for your company - it could be us or another factoring company.
We have a vast network of factoring industry counterparts, these trusted relationships were earned over 20+ years in the business. So, after you take the time to explain your needs to us, we have all the confidence in the world that you will find exactly what you need..
No Minimum
Many factoring businesses let you pick and choose your customers that you want to factor. However a handful of them generally require a minimum dollar amount prior to doing business with you. We let you select and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is a lot like having a credit card in your pocket. You have it to use when you require it but don’t sign an agreement which will make you use factoring when you don't require it.
NO HIDDEN FEES
Many factoring businesses are deliberately confusing. You better take out your magnifying glass to read the fine print. You can be sure, We do not not behave this way. We are flat out upfront about our fees. When you apply, you are given a transparent, no obligation rate offer with the fee for your company. See which other factoring company, If any, will be that will be flat out upfront with their fees before they try and get your business.
HIGHER ADVANCE RATES
An "advance" rate is the percent of the invoice face value that you’ll get upfront. Accounts Receivable Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. For instance, if your customer owes you $1,000, you will get an advance payment of $700 to $900 to your account. Our usual advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
Some accounts receivable factoring firms are funded by Wall Sreet investors. We are a privately held company and don't answer to investors and boards. Much like you, we are like-minded business people and we have experienced many of the hardships that a business deals with. We listen to your story, determine struggles. Based on that information we will put together a tailored solution for you. Many accounts receivable factoring firms particularly the Silicon Valley Fintech ones first and foremost lay their money on an algorithm to determine your company's funding program. Do you want to rely on an algorithm as a cash flow partner to fund your business?
Dedicated Account Administrators
Many factoring businesses have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. We're different, you are provided with a dedicated account administrator to be your point of contact – who really knows your business inside out, and can help you in ways the others just can't or won't.
Honoring Your
Client Relationships
Don't overlook the fact that the factoring business will be touching base with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is matchless. We have been in business since 1979 and have veteran staff who who have seen it all. Choose us not only for your sake but for the sake of your relationship with your customer too. Not only will you benefit from our unrivaled service and real-world know-how, but so will your customers.
Our Business
is Your Business
Together,we put in place a credit risk tolerance guideline to limit your customer write-offs. We also watch each invoice and follow them like your own credit and collections department would. Once they hit the payment date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if wanted until payment is made.
Payment Trend Alerts
Our business credit monitoring systems allow us to spot early negative trends so that we can protect you from iffy transactions. You have instant access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns in order to get them fixed without delay.
UP-TO-DATE CUSTOMER CREDIT HISTORY
You get instant direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – your choice. Be on the lookout for negative payment trends. This is essential to prevent avoidable write-offs.
LEADING EDGE TECHNOLOGY
We make sure to adopt advanced technology to smoothly run the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which leads to lower rates for you. Many other companies are not even remotely close.
FINANCIALLY SECUREWe have been in the factoring business since 1979, are independently held, and have a proven track record of being FINANCIALLY SECURE. We have survived many of the economy's booms and busts and having had these experiences, can support you through any bad circumstances you might come under. We won't collapse when the times get bad, as some factoring companies sadly have in the past.
ACCESS INTO A KING-SIZE NETWORKEvery factoring company has a preference for size, industry, and risk. It’s impossible for you to know which company is the best fit for you. By contacting us, we can save you a tremendous amount of time by helping you find the best match for your business - whether it’s with us or another company.
We have a vast network of industry colleagues that we’ve built over 20+ years in the business. So, when you take the time to explain your needs to us, we can be the “one stop shop” to help you find exactly what you’re looking for.
No MinimumMany factoring businesses let you pick and choose your customers that you want to factor. However a handful of them generally require a minimum dollar amount prior to doing business with you. We let you select and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is a lot like having a credit card in your pocket. You have it to use when you require it but don’t sign an agreement which will make you use factoring when you don't require it.
No Hidden Fees
Many factoring businesses are deliberately confusing. You better take out your magnifying glass to read the fine print. You can be sure, We do not not behave this way. We are flat out upfront about our fees. When you apply, you are given a transparent, no obligation rate offer with the fee for your company. See which other factoring company, If any, will be that will be flat out upfront with their fees before they try and get your business.
Higher Advance RatesAn "advance" rate is the percent of the invoice face value that you’ll get upfront. Accounts Receivable Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. For instance, if your customer owes you $1,000, you will get an advance payment of $700 to $900 to your account. Our usual advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsSome accounts receivable factoring firms are funded by Wall Sreet investors. We are a privately held company and don't answer to investors and boards. Much like you, we are like-minded business people and we have experienced many of the hardships that a business deals with. We listen to your story, determine struggles. Based on that information we will put together a tailored solution for you. Many accounts receivable factoring firms particularly the Silicon Valley Fintech ones first and foremost lay their money on an algorithm to determine your company's funding program. Do you want to rely on an algorithm as a cash flow partner to fund your business?
Dedicated Account AdministratorsMany factoring businesses have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. We're different, you are provided with a dedicated account administrator to be your point of contact – who really knows your business inside out, and can help you in ways the others just can't or won't.
Industry VeteransDon't overlook the fact that the factoring business will be touching base with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is matchless. We have been in business since 1979 and have veteran staff who who have seen it all. Choose us not only for your sake but for the sake of your relationship with your customer too. Not only will you benefit from our unrivaled service and real-world know-how, but so will your customers.
Our Business is Your BusinessTogether,we put in place a credit risk tolerance guideline to limit your customer write-offs. We also watch each invoice and follow them like your own credit and collections department would. Once they hit the payment date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if wanted until payment is made.
Payment Trend AlertsOur business credit monitoring systems allow us to spot early negative trends so that we can protect you from iffy transactions. You have instant access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns in order to get them fixed without delay.
Customer
Credit History
You get instant direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – your choice. Be on the lookout for negative payment trends. This is essential to prevent avoidable write-offs.
advanced TECHNOLOGYWe make sure to adopt advanced technology to smoothly run the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which leads to lower rates for you. Many other companies are not even remotely close.
As you can see, we just simply have more to offer you.
Other factoring companies don't even compare.
And Not Every Factoring Companies Can Claim This:
About half of our new business comes through client referrals.
Without A DOUBT ! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring to increase their cash flow. Factoring reaches all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.
Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.
Unlike a bank loan, factoring has…No principle or interest to pay over timeNo debt to repayUnlimited funding potential – no capsFast funding – no waiting months like at a bankApproval is based on the strength of your clients, not your creditStartups are welcome in using funding services