Portland Factoring Companies| Discover The Fortune That Lies In Your Receivables| at factoringofacco
Time 2021-11-09 23:04:38Web Name: Portland Factoring Companies| Discover The Fortune That Lies In Your Receivables| at factoringofacco
WebSite: http://factoringofaccount.net
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keywords: description:Portland Factoring Companies- It's better than ever. By using a factoring company I was able to buy new tubing, cleaning fluids, a new vehicle and other equipment that let us take on the new orders. We were able to expand the business quite a bit and our reputation is such that we work with several drilling companies.- Portland Factoring Companies at factoringofaccount.net- Factoring Trucking Receivables-serving companies in Portland , Oregon --> Skip to Content
Portland Factoring Companies
All invoice factoring companies give you cash for your receivables. However, they are not all alike.
With around 300 invoice factoring companies to choose from claiming this and that, so how do you make your selection for the correct one for your business?
There are a few invoice factoring companies that will actually offer your company more than just cash.
With some factoring firms, your business also gets stellar plans and service to further help increase your company's profits.
Here's what you should know to select the most suitable invoice factoring business for your business.
You're probably thinking, "I don't have time for this!"
We'll give you a hand to help you make this decision a snap. And you'll learn why over 45% of our new business is from Client Referrals. Easily the highest referral rate in the factoring industry.
All the others don't come close!
Call Now at 1-800-986-1854If you haven't heard of Factoring, it is mostly a very fast way to get cash from your receivables.
Factoring is Not a LoanWhen you send 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 most affordable rates in the industry, no long-term contracts, fast- same day/same hour funding, no up-front fees, no monthly minimums or maximums and so on so on.
We also provide all of these benefits, however we also DELIVER JAW-DROPPING SERVICE AND PROGRAMS that other factoring companies don't and simply can't.
How can you prove this? Here's our proof, over 40 percent of our new business growth comes from client referrals. As you probably know business clients don't give out referrals in a helter-skelter way. Especially since their reputation is at stake, nobody wants to risk giving a bad referral; it can make you look bad. They make referrals to help their business friends and it feels great to provide support.
Simply put. It's no contest,no other factoring business comes even close to our level of A-list services and offerings.
FINANCIALLY SOLID AS A ROCK
We have been in the factoring business since 1979, are privately owned, and have a formidable track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's booms and busts and having had these experiences, can help you get through any challenging times you might suffer. We won't fold up shop when the times get challenging, as a few factoring companies sadly have before.
KEEPS A VAST NETWORK
All factoring companies have yardsticks for size, industry, and risk. It's not practical for you to pick which factoring business is the ideal fit for you. By reaching out to us, we can cut out a tremendous amount of time by helping you locate the best match for your company - it could be us or another factoring company.
We have a huge network of factoring industry counterparts, these mutual relationships were built over 20+ years in the business. So, after you take the time to tell us what you need, you'll quickly learn that we can help you find just what you need.
No Minimum
Many factoring companies will let you select 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. With us you have the freedom to pick and choose what to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is pretty much like having a credit card in your pocket. You have it to use when you want it but don’t sign an agreement that will force you into factoring when you don't want it.
NO HIDDEN FEES
Many factoring companies fees are contorted. You need to be a detective to find those hidden fees. We will not treat you this way. We are absolutely transparent about our fees. When you apply, you are given a straightforward, no obligation rate offer with the fee for your business. It is going to be tough finding another factoring company, if any, that will be absolutely transparent 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. Receivables 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 will receive an advance payment of $700 to $900 to your account. Our general advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
Some factoring companies are financed by Wall Sreet investors. 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 listen to your story, go over your concerns. Based on that information we will put together a custom-built solution for you. Many factoring companies particularly the Silicon Valley ones generally gamble on an algorithm to determine your company's funding program. Do you want to count on an algorithm as a cash flow partner to fund your business?
Dedicated Account Administrators
Many factoring companies 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 set up with a dedicated account administrator to be your point of contact – who understands your business inside out, and can support you in ways the others just can't or simply won't.
Protecting Your
Client Relationships
Don't forget the fact that the 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 exceptional. 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 superb 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. Further more we follow each invoice and follow them just 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 received.
Payment Trend Alerts
Our business credit monitoring systems allow us to jump on developing negative trends so that we can protect you from dicey transactions. You have quick access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns so to nip them in the bud immediately.
UP-TO-DATE CUSTOMER CREDIT HISTORY
You get quick direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – whatever works best for you. Be on guard for negative payment trends. This is essential to avoid unnecessary write-offs.
LEADING EDGE TECHNOLOGY
We make sure to incorporate state-of-the-art technology to speed up 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 lower rates for you. Many other companies don’t even come close.
FINANCIALLY SOLID AS A ROCKWe have been in the factoring business since 1979, are privately owned, and have a formidable track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's booms and busts and having had these experiences, can help you get through any challenging times you might suffer. We won't fold up shop when the times get challenging, as a few factoring companies sadly have before.
KEEPS A VAST 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 companies will let you select 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. With us you have the freedom to pick and choose what to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is pretty much like having a credit card in your pocket. You have it to use when you want it but don’t sign an agreement that will force you into factoring when you don't want it.
Transparent Fees
Many factoring companies fees are contorted. You need to be a detective to find those hidden fees. We will not treat you this way. We are absolutely transparent about our fees. When you apply, you are given a straightforward, no obligation rate offer with the fee for your business. It is going to be tough finding another factoring company, if any, that will be absolutely transparent 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. Receivables 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 will receive an advance payment of $700 to $900 to your account. Our general advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsSome factoring companies are financed by Wall Sreet investors. 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 listen to your story, go over your concerns. Based on that information we will put together a custom-built solution for you. Many factoring companies particularly the Silicon Valley ones generally gamble on an algorithm to determine your company's funding program. Do you want to count on an algorithm as a cash flow partner to fund your business?
Dedicated Account AdministratorsMany factoring companies 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 set up with a dedicated account administrator to be your point of contact – who understands 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 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 exceptional. 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 superb 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. Further more we follow each invoice and follow them just 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 received.
Payment Trend AlertsOur business credit monitoring systems allow us to jump on developing negative trends so that we can protect you from dicey transactions. You have quick access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns so to nip them in the bud immediately.
Customer
Credit History
You get quick direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – whatever works best for you. Be on guard for negative payment trends. This is essential to avoid unnecessary write-offs.
state-of-the-art TECHNOLOGYWe make sure to incorporate state-of-the-art technology to speed up 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 lower rates for you. Many other companies don’t even come close.
As you can see, we matter-of-factly have more to offer you.
Other factoring companies don't even come close.
And Not All Factoring Companies Can State This:
Over 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 so they can 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