New Orleans Factoring Companies| Only Companies with imagination can take it| at yklfactoring.com
Time 2021-11-25 08:21:15Web Name: New Orleans Factoring Companies| Only Companies with imagination can take it| at yklfactoring.com
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keywords: description:New Orleans Factoring Companies- 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 offer dedicated account administrators to be your point of contact,who knows your business intimately, and can help you in ways others just can not.- New Orleans Factoring Companies at yklfactoring.com- Freight Invoice Factoring-serving companies in New Orleans , Louisiana --> Skip to Content
New Orleans Factoring Companies
All invoice factoring firms give you cash for your company's receivables. Although, they are not all created equal.
With around 300 invoice factoring firms to pick from making one claim after another, so how do you select the right for your business?
There are just a few invoice factoring firms that will actually offer your business more than just cash.
With some factoring firms, you'll also receive first class service and funding plans to help increase your company's bottom line.
Here's how to select the most beneficial invoice 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 easily. 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 1-866-593-2195For those who aren't familiar with Receivables Factoring, it is basically a quick 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.
All cry out that they have the best rate plans in the industry, no long-term contracts, same-day and next-day funding, no up-front fees, no monthly minimums or maximums etc..
We also provide these same benefits, however we also DELIVER JAW-DROPPING SERVICE AND PROGRAMS that other accounts receivable factoring companies simply don't and can't.
What's your proof? Here's the proof, over 40 percent of our new business growth comes from existing client referrals. As you know clients don't give referrals randomly. After all the client's reputation is at stake, no one wants to risk making 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 invoice factoring firm matches our level of superior service and products.
FINANCIALLY SECURE
We have been in the invoice factoring business since 1979, are privately owned, and have a proven track record of being FINANCIALLY SECURE. We have survived many of the economy's downturns and in having done so, can help you get through any challenging situations you might encounter. Our lights won't go out when the times get challenging, as a few invoice factoring companies regretfully have in the past.
ACCESS INTO A WIDE NETWORK
Each factoring company has a preference for size, industry, and risk. It's not practical for you to pick which invoice factoring firm is the right fit for you. By reaching out to us, we'll answer any burning questions you may have and help you locate the ideal match for your company - whether it's with us or another invoice factoring company.
We have an enormous A-list of invoice factoring industry counterparts, these cooperative relationships were earned over 20+ years in the business. So, after you take some time to explain what you need to us, you'll quickly see that we can help you find just what you need.
No Minimum
Almost all invoice factoring firms let you select and choose your customers to factor. Although a few of them usually require a minimum amount in order to work 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 invoice factoring agreement is a bit like having a credit card in your pocket. You carry it to use when you want it but don’t sign an agreement which will force you into invoice factoring when you don't want it.
NO HIDDEN FEES
Almost all invoice factoring firms fees are contorted. You'll need to rent some blood hounds to sniff out those fees. You can be rest assured, We are different. We are absolutely upfront about our fees. When you apply, you are given a transparent, no obligation rate proposal with the fee for your company. Good luck finding another factoring company, if any, that will be absolutely 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. 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 normal advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
Some accounts receivable factoring companies are funded by Wall Sreet bankers. We are a privately held company and don't take marching orders from investors and boards. Much like you, we are like-minded business people and we have experienced many of the road bumps that a business encounters. We take the time to hear your story, learn your concerns. Based on that information we will put together a tailored solution for you. Almost all accounts receivable factoring companies especially the Silicon Valley Fintech ones mostly rely on an algorithm to establish 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
Almost 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 operate differently, you are provided with a dedicated account administrator to be your point of contact – who understands your business intimately, and can support you in ways the others just can't or won't.
Safeguard Your
Client Relationships
Don't ignore the fact that the invoice factoring firm will be communicating 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 witnessed 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. We also follow each invoice and follow them 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 made.
Payment Trend Alerts
Our business credit monitoring systems allow us to jump on 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 issues so to correct them right away.
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 – you choose. Watch out for negative payment trends. This is essential to avoid preventable write-offs.
LEADING EDGE TECHNOLOGY
Our company uses the latest 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 better rates for you. Almost all other companies are not even in the same neighborhood.
FINANCIALLY SECUREWe have been in the invoice factoring business since 1979, are privately owned, and have a proven track record of being FINANCIALLY SECURE. We have survived many of the economy's downturns and in having done so, can help you get through any challenging situations you might encounter. Our lights won't go out when the times get challenging, as a few invoice factoring companies regretfully have in the past.
ACCESS INTO 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 MinimumAlmost all invoice factoring firms let you select and choose your customers to factor. Although a few of them usually require a minimum amount in order to work 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 invoice factoring agreement is a bit like having a credit card in your pocket. You carry it to use when you want it but don’t sign an agreement which will force you into invoice factoring when you don't want it.
No Hidden Fees
Almost all invoice factoring firms fees are contorted. You'll need to rent some blood hounds to sniff out those fees. You can be rest assured, We are different. We are absolutely upfront about our fees. When you apply, you are given a transparent, no obligation rate proposal with the fee for your company. Good luck finding another factoring company, if any, that will be absolutely 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. 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 normal advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsSome accounts receivable factoring companies are funded by Wall Sreet bankers. We are a privately held company and don't take marching orders from investors and boards. Much like you, we are like-minded business people and we have experienced many of the road bumps that a business encounters. We take the time to hear your story, learn your concerns. Based on that information we will put together a tailored solution for you. Almost all accounts receivable factoring companies especially the Silicon Valley Fintech ones mostly rely on an algorithm to establish your company's funding program. Do you want to rely on an algorithm as a cash flow partner to fund your business?
Dedicated Account AdministratorsAlmost 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 operate differently, you are provided with a dedicated account administrator to be your point of contact – who understands your business intimately, and can support you in ways the others just can't or won't.
Industry VeteransDon't ignore the fact that the invoice factoring firm will be communicating 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 witnessed 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. We also follow each invoice and follow them 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 made.
Payment Trend AlertsOur business credit monitoring systems allow us to jump on 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 issues so to correct 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. Watch out for negative payment trends. This is essential to avoid preventable write-offs.
the latest TECHNOLOGYOur company uses the latest 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 better rates for you. Almost all other companies are not even in the same neighborhood.
As you can see, we quite frankly have more to offer you.
Other factoring companies don't even come close.
And Not All Factoring Companies Can State 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 so they can 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