Lowest Rates
Same-Day Funding
24/7 Online Account Access
&No Long Term-Contracts
Online Management Tools
Highest Advances
YOU GET
FLEXIBILITY
THAT NO ONE
ELSE OFFERS
We offer tailored
processing systems
You can choose to use the latest
in technology - based
processing
systems
or the old-fashioned paper - based ones
or a combination.
Unlike the others we don't force you
into a box
We will tailor our
financing programs to
help you make more
cash.
Unlike the others you get to choose
what works best for you.
We can
do this because
we
have the knowledge, experience,
systems, and
one-of-a-kind financing that is
unique
in the freight bill
industry
OCF.COM
New York Factoring Companies
- Providing factoring
services nationwide
- Over 70 years of factoring
company successful experience
- Up to 97% Advance
Rates
WHAT SETS US APART
- Same Day funding on
approved invoices
- We do not require a long
term contract.
- 97% advance rates; tops in the industry
- Credit analysis on new and
existing customers
- Continuous collection management and
follow up on factored invoices
- Invoice and statement mailing (postage
included)
- Account status inquiries anytime;
24/7 online account access.
Our flexibility allows you to maintain
control:
- You select accounts you prefer to factor
on an invoice by invoice basis.
- You control total freight bill
costs by only
factoring on an as needed basis.
Up to 97% Advance
Rates:
Advance rates are
based on overall risk
associated with a particular industry as
well as experience
and track record.
We hold reserve accounts to accommodate
industries which typically
experience dilution
and that we would otherwise not be able
to service. Advance rates
range from
80% to 97% of the gross invoice amount.
Fee Structures:
Fees are determined based on
your industry,
the credit worthiness of your customers,
how quickly your invoices turn, and
monthly freight bill volume.
Our company provides individualized
customer service,
by tailoring
our flexible
programs to fit the individual
needs of each of our clients.
We strive to
be responsive, handling receivables
with speed, efficiency, and
a personal touch.
As a client you are assigned one account
administrator who will personally handle
all of your account activity and
inquiries.
This gives us the ability
to buy your
receivables and get
the money to
you within 12-24 hours.
Having one person look after your account
also
makes it easy for you to decide
which invoices you are going to sell and
when you want to sell those invoices.
Our funding is primarily done by
direct deposit or wire.
Our company has more than 70 years of
successful cash flow and credit management experience,
experience we would love
to put to work for you.
To talk with a representative of our sales team,
please contact one of our regional offices at:
Toll Free: 888 - 266 - 0197
Fax #: 425 - 702 - 1874
On - Line Factoring
We are currently providing freight billservices nationwide
including the following states: Alabama, Alaska, Arizona, Arkansas,
California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland,
Massachusetts, Michigan,
Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire,
New Jersey, New Mexico, New York,
North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island,
South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,
Washington, West Virginia, Wisconsin, and Wyoming.
Say About Us
What It Takes To
Switch Factoring
Companies
OUR PROVEN FACTORING PROGRAMS
HELP BOOST YOUR CASH FLOW
Contact our freight bill specialists at:
Toll Free: 888 - 266 - 197
On - Line Factoring
Request Form
OCF.COM Provides Factor Funding Company Company Services to all states:
1-888-266-0197
Unlike other Companies, OCF.COM New York Factoring Companies makes Factor Funding Company easy to obtain with minimal paperwork.
Whether you are a machinist operating out of a garage or a staffing company placing hundreds of workers in the largest firms, you undoubtedly face cash flow dilemmas from time to time. The uncomfortable ritual of making incoming cash receipts stretch to cover short term obligations frustrates even the most seasoned business managers.
In recent years, an increasing number of businesses have discovered that New York Factoring Companies can combat the ups and downs of unpredictable cash flow cycles. More importantly, factors are providing the small business community with a viable source of working capital when conventional financing is not always an option.
Currently, $62 billion dollars in invoices are factored in the United States each year. In the last 10 years, the volume of invoices factored has increased by $10 billion dollars.
Most business bankers are a good referral source for reputable New York Factoring Companies companies. Bankers refer to factors because they realize that although the customer may not be bankable at the time of the referral, in a short time it could be a viable candidate for conventional financing. As a short term financing solution, New York Factoring Companies relationships generally run from 6 months to a couple of years.
Historically, the bulk of New York Factoring Companies was predominately in the textile, furniture and apparel industries. Today, New York Factoring Companies firms are working with all types of industries, including: manufacturers, service providers, transportation companies and high technology firms. Locally, as growing Puget Sound firms continue to prosper, suppliers and contractors are looking for additional sources of working capital to accommodate increased sales volume.
Depending on the agreement, businesses can pick and choose which invoices they wish to sell to the factor, who immediately advances eighty percent or more of the face value of the invoices. The balance of the funds, less the discount fee, is released once the invoice is collected.
The cost of doing business with a New York Factoring Companies company is the discount taken on the invoices submitted for funding. Fees range from 3 to 9 percent, depending on volume, credit - worthiness of the customers sold and overall risk. The discount taken is best compared to a merchant accepting a Visa or MasterCard transaction and receiving immediate payment, less a percentage or discount, before the actual cardholder has paid his or her monthly statement.
OCF.COM New York Factoring Companies
offering Factor Funding Company products to all businesses.
Company Services
Factors can help those firms that banks
often find difficult to approve such as start - up
companies whose growth outstrips cash. The primary focus
in a New York Factoring Companies relationship is the credit - worthiness of the customers
being invoiced and the client s ability to produce a quality product or service.
Simply put, if the business has an acceptable product or service that it provides to a creditworthy customer then the business is a candidate for New York Factoring Companies.
The fact is that most companies share a common dilemma during periods of rapid growth of incoming orders draining cash flow. New York Factoring Companies not only provides immediate cash but, efficient businesses also use it as a tool to increase profit margins:
Read Here For More
Factor Funding Company is typically used by trucking companies.
Businesses choosing to maintain momentum, despite a lack of conventional financing options, find that New York Factoring Companies not only offers cash but also a stable foundation on which to build. They look to a future of managed growth and profitable performance that will bridge the gap to qualifying for bank financing. For more account receivable collection process information
The overall increase in New York Factoring Companies volume is mainly attributed to the credit crunch in the late 80s. As the availability of bank commercial credit tightens, more businesses look towards alternative sources of financing to achieve growth.
Factoring Companies and need more cash Factor Funding Company services helping companies in their first years of business, as well as companies that are having tremendous growth and need more cash. Factor Funding Company at OCF.COM
Each factor operates slightly different. It is important to understand which programs provide the greatest benefits and at the least cost. Several criteria should be addressed when searching for a reputable factor. Are there setup fees, maintenance fees or penalty fees ? Is there a long term contract ? Are there monthly minimums ? Does the factor provide credit and collection services at no additional charge ? What accounting reports will the factor supply ? What value - added services does it provide ?
OCF.COM New York Factoring Companies Provides Factor Funding Company services to all industries:
1. Take Advantage of Early Payment Discounts - Having access to cash enables businesses to save on average 2% by taking advantage of early payment terms offered by suppliers. The points saved by reducing raw materials costs helps to offset the New York Factoring Companies fee.
2. Take Advantage of Volume Discounts - Having cash also enables businesses to buy raw materials in greater volume. This saves money and directly impacts the bottom line.
3. Reduce Late Payment Penalties and Interest Charges - Having immediate cash on hand to pay current obligations as they become due eliminates late charges from suppliers and other creditors.
4. Meet Obligations on Time - Paying vendors on time helps to establish a solid credit track record and allows for increased future credit limits from vendors as well as financial institutions.
companies that use Factor Funding Company
is typically used by consumer product companies. T
hat is, companies
that sellproducts that ultimately
end up in retail stores.
Industries in which is commonly used include:
is typically used by staffing companies.
5. Offer Credit Terms to Customers - Offering credit terms to customers is a common way to increase sales by making it " easier" for customers to buy. Having financial backing to carry accounts receivable is essential if a business wants to be able to follow through on its commitments. Reputable factors encourage " managed" growth by consulting with clients regarding exposures and other risks when taking on new credit accounts. For more account receivable collection process information
The difference between New York Factoring Companies and other sources of financing is that the factor actually purchases and tracks commercial invoices. In addition to providing immediate cash on invoices, the factor performs valuable credit analysis on new and existing customers and conducts professional, routine follow up on invoices as they become due.
Continue Reading about Factor Funding Company information
For the business manager who spends a good portion of the day collecting, bookkeeping and searching for capital, the entire New York Factoring Companies package offers peace of mind. The manager can actually focus on important aspects of the business that are often pushed aside, such as marketing and production
Professional Staffing Factoring Companies
For These companies:
Setting up a New York Factoring Companies relationship is quick and easy in comparison to other forms of financing. Applications simply call for basic company information and a customer list. Years of profitability are not required which makes New York Factoring Companies an option for startups generating receivables. It is possible that funding can occur in as little as a couple of days after the receipt of the application and invoices.
More Locations
Texas Factoring Companies
at OCF.COM New York Factoring Companies
OCF.COM is a
Factoring Company that Provides a
wide range of Factor Funding Company financial services