Toledo Factoring Companies| Take This One Minute Test| at factoringaccounts.net
Time 2021-11-09 23:05:05Web Name: Toledo Factoring Companies| Take This One Minute Test| at factoringaccounts.net
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keywords: description:Toledo 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.- Toledo Factoring Companies at factoringaccounts.net- Factoring Truck Loads-serving companies in Toledo , Ohio --> Skip to Content
Toledo Factoring Companies
All receivables factoring firms give you cash for your company's accounts receivable. Although, they are not all the same.
With around 300 receivables factoring firms to choose from making one claim after another, so how do you choose the most beneficial for your company?
There are a few receivables factoring firms that will actually deliver your company more than just cash.
With some factoring firms, your business also gets first rate service and financing plans to further help improve your company's sales.
Here's what you need to know to pick the most beneficial receivables factoring business for your business.
You're probably thinking, "I'm too busy for this!"
We'll give you a hand to help you make this decision a snap. And find out why over 45% of our new business is from Client Referrals. By far the highest 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 Receivables Factoring, it is mostly a fast way to get cash from your invoices.
Receivables Factoring is Not a LoanWhen you send 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.
All of them declare they have the most competitive rates 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, except we also PROVIDE JAW-DROPPING SERVICE AND PROGRAMS that other factoring firms simply don't and can't.
How can you prove this? Here's the proof, about half of our new business growth comes from client referrals. As we all know clients don't give out referrals randomly. After all their reputation is at stake, no one wants to risk handing out a bad referral; it can make you look bad. They make referrals to help their business friends.
Not even close,no other invoice factoring firm matches our level of A-list services and offerings.
FINANCIALLY SOLID AS A ROCK
We have been in the invoice factoring business since 1979, are independently owned, and have a proven 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 support you through any tough times you might encounter. We won't fold when the times get tough, like a handful of invoice factoring companies sadly have before.
HAS A KING-SIZE NETWORK
Each factoring company has criteria for size, industry, and risk. It's pretty tough for you to pick which invoice factoring firm is a second to none fit for you. By reaching out to us, we'll cut to the core of your situation very quickly and help you find the best fit for your business - it could be us or another invoice factoring company.
We have a king-size network of invoice factoring industry colleagues, these cooperative connections were built over 20+ years in the business. So, after you take the time to explain what you need to us, we have no doubt that you will find precisely what you need..
No Minimum
Practically all invoice factoring firms let you select and choose your customers to factor. Although a few of them generally require a minimum dollar amount prior to doing business 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 invoice factoring agreement is a lot like carrying a credit card in your pocket. You carry it to use when you require it but don’t sign an agreement which will force you into invoice factoring when you don't require it.
NO HIDDEN FEES
Practically all invoice factoring firms will not be upfront about their fees. It dosen't have to be this way. You can be sure, We do not not behave this way. We are flat out transparent about our fees. When you apply, you are given a transparent, no obligation rate proposal with the fee for your business. Good luck finding another factoring company, if any, 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 receive upfront. Receivables 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 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
A few factoring firms are funded by Wall Sreet venture capitalists. We are a privately held company and don't take commands from investors and boards. Much 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 custom-built solution for you. Practically all factoring firms notably the Silicon Valley Fintech ones mainly put their faith 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
Practically all invoice 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. We're different, you are set up with a dedicated account administrator to be your point of contact – who knows your business intimately, and can assist you in ways the others just can't or won't.
Honoring Your
Client Relationships
Don't ignore the fact that the invoice factoring firm will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is unmatched. 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 keep an eye on each invoice and follow them much the same as your own credit and collections department would. Once they hit the due 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 immediate access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection issues so to correct them right away.
MOST RECENT 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. Stay tuned to negative payment trends. This is critical to run your business efficiently.
LEADING EDGE TECHNOLOGY
Our company adopts 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 means much lower rates for you. Practically all other companies are not even remotely close.
FINANCIALLY SOLID AS A ROCKWe have been in the invoice factoring business since 1979, are independently owned, and have a proven 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 support you through any tough times you might encounter. We won't fold when the times get tough, like a handful of invoice factoring companies sadly have before.
HAS 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 MinimumPractically all invoice factoring firms let you select and choose your customers to factor. Although a few of them generally require a minimum dollar amount prior to doing business 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 invoice factoring agreement is a lot like carrying a credit card in your pocket. You carry it to use when you require it but don’t sign an agreement which will force you into invoice factoring when you don't require it.
No Hidden Fees
Practically all invoice factoring firms will not be upfront about their fees. It dosen't have to be this way. You can be sure, We do not not behave this way. We are flat out transparent about our fees. When you apply, you are given a transparent, no obligation rate proposal with the fee for your business. Good luck finding another factoring company, if any, 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 receive upfront. Receivables 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 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 SolutionsA few factoring firms are funded by Wall Sreet venture capitalists. We are a privately held company and don't take commands from investors and boards. Much 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 custom-built solution for you. Practically all factoring firms notably the Silicon Valley Fintech ones mainly put their faith 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 AdministratorsPractically all invoice 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. We're different, you are set up with a dedicated account administrator to be your point of contact – who knows your business intimately, and can assist you in ways the others just can't or won't.
Industry VeteransDon't ignore the fact that the invoice factoring firm will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is unmatched. 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 keep an eye on each invoice and follow them much the same as your own credit and collections department would. Once they hit the due 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 immediate access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection issues so 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. Stay tuned to negative payment trends. This is critical to run your business efficiently.
state-of-the-art TECHNOLOGYOur company adopts 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 means much lower rates for you. Practically all other companies are not even remotely close.
As you can see, we matter-of-factly have more to offer you.
Other factoring companies don't even compare.
And Not All 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