Boise Factoring Companies| What Makes A Factoring Company Great| at accountreceivablesfunding.org
Time 2021-11-11 11:07:48Web Name: Boise Factoring Companies| What Makes A Factoring Company Great| at accountreceivablesfunding.org
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keywords: description:Boise Factoring Companies- I was not only able to hire a couple of new people and rent additional space, I've been able to cash my invoices when unexpected bills come up or if I need to make a purchase quickly for a new piece of equipment. This has come in really handy recently when I decided to move to a new location and needed some cash on hand to make the transition. The Trucking Factoring services are really quite good with reasonable rates and fast service- Boise Factoring Companies at accountreceivablesfunding.org- Factoring Trucking Receivables-serving companies in Boise , Idaho --> Skip to Content
Boise Factoring Companies
All receivables factoring firms give you cash for your company's receivables. But, they are not all alike.
With around 300 receivables factoring firms to choose from claiming this and that, so how do you select the most beneficial for your business?
There are just a handful of receivables factoring firms that will really offer your company more than just cash.
With some factoring firms, your company also receives unique service and plans to help support your company's growth.
Here's how to choose the most suitable receivables factoring company for your company.
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 discover why over 45% of our new business is from Client Referrals. By far the highest referral rate in the factoring industry.
No other company comes close!
Call Now at 1-888-266-0197For those who aren't familiar with Receivables Factoring, it is mostly a very fast way to get cash from your receivables.
Receivables Factoring is Not a LoanWhen you give your customers an invoice, they usually have 30 days to pay you back. Receivables 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.
Receivables Factoring Doesn't Require Debt
Sounds simple enough – fast cash for your business – no loans, no debt.
Everyone shouts that they have the lowest rates in the industry, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums etc..
We also deliver all of these benefits, except we also PROVIDE EYE-OPENING SERVICE AND PLANS that other receivables factoring firms simply don't and can't.
How can you prove this? Here's our proof, over 40 percent of our new business comes from existing client referrals. It's pretty well known that clients don't make referrals carelessly. After all their reputation is on the line, nobody wants to risk handing out a bad referral; it can make you look bad. They make recommendations to support their business friend.
Let's cut to the chase, it's no contest, no other receivables factoring company matches our benchmarks of A-list services and offerings.
FINANCIALLY SECURE
We have been in the receivables factoring business since 1979, are privately held, and have a powerful track record of being FINANCIALLY SECURE. We have survived many of the economy's downturns and having had these experiences, can lend a helping hand to get you through any challenging situations you might suffer. Our lights won't go out when the times get challenging, like a handful of receivables factoring companies sadly have in the past.
ENTRANCE INTO A LARGE NETWORK
All factoring companies have criteria for size, industry, and risk. It's pretty tough for you to pick which receivables factoring company is a suitable fit for you. By contacting us, we'll cut to the core of your situation very quickly and help you find the best fit for your company - it may be us or another receivables factoring company.
We have a large network of receivables factoring industry colleagues, these trusted connections were built over 20+ years in the business. So, when you take the time to run through your needs to us, you'll quickly learn that we can help you find precisely what you need.
No Minimum
A lot of receivables factoring firms let you pick and choose your customers to factor. But a few of them usually require a minimum amount prior to working with you. With us you can pick and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our receivables factoring agreement is 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 force you into receivables factoring when you don't require it.
NO HIDDEN FEES
A lot of receivables factoring firms fees are hidden. It is baffling why they do this. Be rest assured, We do not behave this way. We are flat out transparent about our fees. When you apply, you are provided a transparent, no obligation rate proposal with the fee for your company. See which other factoring company, If any, will be that will be flat out 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. Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. So, for example, if your customer owes you $1,000, you will receive an advance payment of $700 to $900 to your account. Our current advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
A few receivables factoring firms are financed by Wall Sreet investors. We are a privately held company and don't take commands from investors and boards. Like you, we are like-minded business people and we have cleared many of the obstacles that a business encounters. We take the time to hear your story, learn your struggles. Based on that information we will put together a tailored solution for you. A lot of receivables factoring firms particularly the Silicon Valley ones mainly look for the algorithm to establish 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
A lot of receivables factoring firms 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 knows your business inside out, and can assist you in ways the others just can't or won't.
Honoring Your
Client Relationships
Don't dismiss the fact that the receivables factoring company will be communicating 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 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. In addition, we watch each invoice and follow them the same as 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 risky transactions. You have instant access to online aging reports and your dedicated account administrator is kept in the loop and given advance notice of any collection concerns in order to work on them right away.
MOST RECENT 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 – you choose. Be on guard for negative payment trends. This is essential to prevent avoidable write-offs.
LEADING EDGE TECHNOLOGY
We employ advanced technology to to expedite 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 means lower rates for you. A lot of other companies are not even in the same neighborhood.
FINANCIALLY SECUREWe have been in the receivables factoring business since 1979, are privately held, and have a powerful track record of being FINANCIALLY SECURE. We have survived many of the economy's downturns and having had these experiences, can lend a helping hand to get you through any challenging situations you might suffer. Our lights won't go out when the times get challenging, like a handful of receivables factoring companies sadly have in the past.
ENTRANCE INTO A LARGE 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 MinimumA lot of receivables factoring firms let you pick and choose your customers to factor. But a few of them usually require a minimum amount prior to working with you. With us you can pick and choose which customers you want to factor on an invoice by invoice basis with no minimum.
Our receivables factoring agreement is 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 force you into receivables factoring when you don't require it.
No Hidden Fees
A lot of receivables factoring firms fees are hidden. It is baffling why they do this. Be rest assured, We do not behave this way. We are flat out transparent about our fees. When you apply, you are provided a transparent, no obligation rate proposal with the fee for your company. See which other factoring company, If any, will be that will be flat out 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. Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. So, for example, if your customer owes you $1,000, you will receive an advance payment of $700 to $900 to your account. Our current advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsA few receivables factoring firms are financed by Wall Sreet investors. We are a privately held company and don't take commands from investors and boards. Like you, we are like-minded business people and we have cleared many of the obstacles that a business encounters. We take the time to hear your story, learn your struggles. Based on that information we will put together a tailored solution for you. A lot of receivables factoring firms particularly the Silicon Valley ones mainly look for the algorithm to establish your company's funding program. Do you want to count on an algorithm as a cash flow partner to fund your business?
Dedicated Account AdministratorsA lot of receivables factoring firms 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 knows your business inside out, and can assist you in ways the others just can't or won't.
Industry VeteransDon't dismiss the fact that the receivables factoring company will be communicating 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 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. In addition, we watch each invoice and follow them the same as 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 risky transactions. You have instant access to online aging reports and your dedicated account administrator is kept in the loop and given advance notice of any collection concerns in order to work on them right away.
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 – you choose. Be on guard for negative payment trends. This is essential to prevent avoidable write-offs.
advanced TECHNOLOGYWe employ advanced technology to to expedite 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 means lower rates for you. A lot of other companies are not even in the same neighborhood.
As you can see, we quite frankly have more to offer you.
Other factoring companies are not even in the ballpark.
And Not Every Factoring Companies Can Say This:
About half of our new business comes through client referrals.
Definitely ! 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 spans 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