Cleveland Factoring Companies| It Works While You Sleep| at accountreceivablesfunding.org
Time 2021-11-01 18:10:38Web Name: Cleveland Factoring Companies| It Works While You Sleep| at accountreceivablesfunding.org
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Cleveland Factoring Companies
All factoring businesses give you cash for your company's accounts receivable. However, they are not all the same.
With around 400 factoring businesses to pick from, so how do you make your choice for the most helpful for your company?
There are just a few factoring businesses that will actually go above and beyond than just cash.
With some factoring firms, you'll also get top rate services to help improve your company's profits.
Here's what you should know to pick the best 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 you'll understand why about 49% of our new business is from Client Referrals. Easily the highest referral rate in the factoring industry.
All the others don't even come close!
Call Now at 1-888-266-0197If you haven't heard of Invoice Factoring, it is basically a fast way to get cash from your invoices.
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 cry out that they have the lowest rate plans in the business, 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 offer these same benefits, however we also DELIVER EYE-OPENING SERVICE AND PROGRAMS that other invoice factoring firms don't and simply can't.
How can you prove this? The proof is, about half of our new business comes from client referrals. As we all know clients don't hand out referrals randomly. Especially since 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.
Put simply, no other invoice factoring firm comes even close to our standard of superior service and offerings.
FINANCIALLY SOLID AS A ROCK
We have been in the invoice 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 having done so, can support you through any troublesome circumstances you might come under. We won't go out of business when the times get troublesome, as some invoice factoring companies regretfully have before.
KEEPS A VAST NETWORK
All factoring companies have guidelines for size, industry, and risk. It's pretty hard for you to know which invoice factoring firm 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 right match for your business - it might be us or another invoice factoring company.
We have a huge network of invoice factoring industry counterparts, these close relationships were built 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 exactly what you need.
No Minimum
Nearly all invoice factoring businesses let you select and choose your customers that you would like to factor. However a handful of them generally have a minimum dollar amount in order to do business with you. With us you can pick and choose what to factor on an invoice by invoice basis with no minimum.
Our invoice factoring agreement is pretty much like carrying a credit card in your pocket. You carry it to use when you require it but don’t sign an agreement that will make you use invoice factoring when you don't require it.
NO HIDDEN FEES
Nearly all invoice factoring businesses are deliberately confusing. You need to be a detective to find those hidden fees. We do not behave this way. We are totally upfront about our fees. When you apply, you are presented with a straightforward, no obligation rate proposal with the fee for your business. Good luck 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. Accounts Receivable Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. As an example, if your customer owes you $1,000, you be given an advance payment of $700 to $900 to your account. Our usual advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
Some invoice factoring firms 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 and we have experienced many of the road bumps that a business encounters. We take the time to hear your story, understand your concerns. Based on that information we will put together a custom-made solution for you. Nearly all invoice factoring firms especially the Silicon Valley Fintech ones first and foremost lay their money on an algorithm to determine your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account Administrators
Nearly all invoice 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 get your own 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 don't want to be disturbed.
Safeguard Your
Client Relationships
Don't neglect the fact that the invoice factoring firm will be touching base 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 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 track 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 needed 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 24/7 access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection problems so there are no surprises.
CURRENT CUSTOMER CREDIT HISTORY
You get 24/7 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 the lookout for negative payment trends. This is crucial to run your business efficiently.
LEADING EDGE TECHNOLOGY
We make sure to incorporate state-of-the-art technology to smoothly 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 lower rates for you. Nearly all other companies don’t even come close.
FINANCIALLY SOLID AS A ROCKWe have been in the invoice 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 having done so, can support you through any troublesome circumstances you might come under. We won't go out of business when the times get troublesome, as some invoice factoring companies regretfully 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 MinimumNearly all invoice factoring businesses let you select and choose your customers that you would like to factor. However a handful of them generally have a minimum dollar amount in order to do business with you. With us you can pick and choose what to factor on an invoice by invoice basis with no minimum.
Our invoice factoring agreement is pretty much like carrying a credit card in your pocket. You carry it to use when you require it but don’t sign an agreement that will make you use invoice factoring when you don't require it.
Transparent Fees
Nearly all invoice factoring businesses are deliberately confusing. You need to be a detective to find those hidden fees. We do not behave this way. We are totally upfront about our fees. When you apply, you are presented with a straightforward, no obligation rate proposal with the fee for your business. Good luck 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. Accounts Receivable Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. As an example, if your customer owes you $1,000, you be given an advance payment of $700 to $900 to your account. Our usual advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsSome invoice factoring firms 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 and we have experienced many of the road bumps that a business encounters. We take the time to hear your story, understand your concerns. Based on that information we will put together a custom-made solution for you. Nearly all invoice factoring firms especially the Silicon Valley Fintech ones first and foremost lay their money on an algorithm to determine your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account AdministratorsNearly all invoice 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 get your own 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 don't want to be disturbed.
Industry VeteransDon't neglect the fact that the invoice factoring firm will be touching base 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 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 track 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 needed 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 24/7 access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection problems so there are no surprises.
Customer
Credit History
You get 24/7 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 the lookout for negative payment trends. This is crucial to run your business efficiently.
state-of-the-art TECHNOLOGYWe make sure to incorporate state-of-the-art technology to smoothly 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 lower rates for you. Nearly all other companies don’t even come close.
As you can see, we just simply have more to offer you.
Other factoring companies don't even compare.
And Not All Factoring Companies Can Say 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 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