New York City Factoring Companies| Take This One Minute Test| at factoringbank.org
Time 2021-11-08 08:07:29Web Name: New York City Factoring Companies| Take This One Minute Test| at factoringbank.org
WebSite: http://alaska-factoring-company.factoringbank.org
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keywords: description:New York City Factoring Companies- To: Business Owners. Lack of immediate cash flow can hurt your company and hinder growth and expansion. We can help. Over the past 35 years, we have helped hundreds and hundreds of clients solve financial dilemmas. How do we do it? We pay CASH for your invoices! Yes, that means cash in your hand immediately instead of waiting for the 30, 60 or 90 days for your client or customer to pay their invoice. You get money right when you need it for a tiny fraction off the total invoice bill.- New York City Factoring Companies at factoringbank.org- Freight Broker Factoring-serving companies in New York City , New York --> Skip to Content
New York City Factoring Companies
All receivable factoring businesses give you cash for your company's receivables. Although, they are not all created equally.
With about 300 receivable factoring businesses to select from, so how do you go about selecting the most useful for your business?
There are a few receivable factoring businesses that will definitely provide your company more than just cash.
With some factoring firms, your company also gets first class service and financing programs to help support your company's growth.
Here's what you need to know to choose the most beneficial receivable factoring business for your business.
You're probably thinking, "I'm too busy for this!"
We take the stress out of making this decision. And learn 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 close!
Call Now at 1-800-986-1859For those who aren't familiar with Invoice Factoring, it is mostly a very fast way to get cash from your receivables.
Invoice Factoring is Not a LoanWhen you send your customers an invoice, they usually have 30 days to pay you back. Invoice 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.
Invoice Factoring Doesn't Require Debt
Sounds simple enough – fast cash for your business – no loans, no debt.
All of them state they have the most competitive rates in the industry, no long-term contracts, same-day and next-day funding, no up-front fees, no monthly minimums or maximums and so on so on.
We also deliver all of these benefits, yet we also PROVIDE EYE-OPENING SERVICE AND PLANS that other receivables factoring businesses don't and can't.
What's your proof? Here's our proof, over 40 percent of our new business growth comes from client referrals. As we all know business clients don't hand out referrals carelessly. After all the client's reputation is at stake, no one wants to risk handing out a bad referral; it can come back to haunt you. They make referrals to help their business friends.
Not even close, it's no contest, no other accounts receivable factoring business comes even close to our level of superior service and offerings.
FINANCIALLY SOLID AS A ROCK
We have been in the accounts receivable factoring business since 1979, are privately owned, and have a powerful track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's booms and busts and in doing so, can help you get through any tough circumstances you might encounter. We won't fold when the times get tough, like some other accounts receivable factoring companies regretfully have before.
BELONGS TO A WIDE NETWORK
Every factoring company has criteria for size, industry, and risk. It's just about impossible for you to determine which accounts receivable factoring business is a suitable fit for you. By contacting us, we can cut out a tremendous amount of time by helping you find the best match for your business - it might be us or another accounts receivable factoring company.
We have a large network of accounts receivable factoring industry colleagues, these cooperative relationships were earned over 20+ years in the business. So, when you take some time to tell us what you need, you'll quickly learn that we can help you find precisely what you need.
No Minimum
Most accounts receivable factoring businesses let you select and choose your customers that you want to factor. Although a few of them usually require a minimum dollar amount prior to working with you. With us you have the freedom to pick and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our accounts receivable factoring agreement is much the same as carrying a credit card in your pocket. You carry it to use when you need it but don’t sign an agreement that will force you into accounts receivable factoring when you don't need it.
NO HIDDEN FEES
Most accounts receivable factoring businesses fees are contorted. It is beyond us why they do this. We do not behave this way. We are totally upfront about our fees. When you apply, you are given a transparent, no obligation rate offer with the fee for your company. It is going to be tough finding another factoring company, if any, that will be totally 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 receive upfront. Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. For example, if your customer owes you $1,000, you be given an advance payment of $700 to $900 to your account. Our normal advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
Some receivables factoring businesses are funded by Wall Sreet bankers. We are an independently owned company and don't take marching orders from investors and boards. Much like you, we are like-minded business people who know what it takes to run a business. We take the time to hear your story, determine struggles. Based on that information we will put together a personalized solution for you. Most receivables factoring businesses particularly the Silicon Valley ones usually lay their money on an algorithm to determine your company's funding program. Who do you want to rely on as a cash flow partner to fund your business?
Dedicated Account Administrators
Most accounts receivable 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. With us, you are set up with a dedicated account administrator to be your point of contact – who really knows your business inside out, and can support you in ways the others just can't or simply won't.
Valuing Your
Client Relationships
Don't forget the fact that the accounts receivable factoring business will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is superior. We have been in business since 1979 and have veteran staff who who have experienced it all. Choose us not only for your well-being but for the well-being 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 create a credit risk tolerance guideline to limit your customer write-offs. In addition, we 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 required until payment is made.
Payment Trend Alerts
Our business credit monitoring systems allow us to spot developing negative trends so that we can protect you from dicey transactions. You have immediate access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection problems in order to correct them right away.
CURRENT CUSTOMER CREDIT HISTORY
You get immediate direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – you choose. Watch out for negative payment trends. This is essential to avoid unnecessary write-offs.
LEADING EDGE TECHNOLOGY
We make sure to incorporate the latest technology to efficiently 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 much better rates for you. Most other companies don’t even come close.
FINANCIALLY SOLID AS A ROCKWe have been in the accounts receivable factoring business since 1979, are privately owned, and have a powerful track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's booms and busts and in doing so, can help you get through any tough circumstances you might encounter. We won't fold when the times get tough, like some other accounts receivable factoring companies regretfully have before.
BELONGS TO A WIDE 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 MinimumMost accounts receivable factoring businesses let you select and choose your customers that you want to factor. Although a few of them usually require a minimum dollar amount prior to working with you. With us you have the freedom to pick and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our accounts receivable factoring agreement is much the same as carrying a credit card in your pocket. You carry it to use when you need it but don’t sign an agreement that will force you into accounts receivable factoring when you don't need it.
Transparent Fees
Most accounts receivable factoring businesses fees are contorted. It is beyond us why they do this. We do not behave this way. We are totally upfront about our fees. When you apply, you are given a transparent, no obligation rate offer with the fee for your company. It is going to be tough finding another factoring company, if any, that will be totally 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 receive upfront. Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. For example, if your customer owes you $1,000, you be given an advance payment of $700 to $900 to your account. Our normal advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsSome receivables factoring businesses are funded by Wall Sreet bankers. We are an independently owned company and don't take marching orders from investors and boards. Much like you, we are like-minded business people who know what it takes to run a business. We take the time to hear your story, determine struggles. Based on that information we will put together a personalized solution for you. Most receivables factoring businesses particularly the Silicon Valley ones usually lay their money on an algorithm to determine your company's funding program. Who do you want to rely on as a cash flow partner to fund your business?
Dedicated Account AdministratorsMost accounts receivable 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. With us, you are set up with a dedicated account administrator to be your point of contact – who really knows your business inside out, and can support you in ways the others just can't or simply won't.
Industry VeteransDon't forget the fact that the accounts receivable factoring business will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is superior. We have been in business since 1979 and have veteran staff who who have experienced it all. Choose us not only for your well-being but for the well-being 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 create a credit risk tolerance guideline to limit your customer write-offs. In addition, we 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 required until payment is made.
Payment Trend AlertsOur business credit monitoring systems allow us to spot developing negative trends so that we can protect you from dicey transactions. You have immediate access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection problems in order to correct them right away.
Customer
Credit History
You get immediate direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – you choose. Watch out for negative payment trends. This is essential to avoid unnecessary write-offs.
the latest TECHNOLOGYWe make sure to incorporate the latest technology to efficiently 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 much better rates for you. Most other companies don’t even come close.
As you can see, we quite frankly have more to offer you.
Other factoring companies are not even in the ballpark.
And Not All Factoring Companies Can State This:
About half of our new business comes through client referrals.
Absolutely ! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring as a way to increase their cash flow. Factoring strecthes across 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