New York City Factoring Companies| For Companies Who Don't Have Time for| at governmentfactorin
Time 2021-11-08 10:07:56Web Name: New York City Factoring Companies| For Companies Who Don't Have Time for| at governmentfactorin
WebSite: http://massachusetts-accounts-receivable-loans-companies.governmentfactoring.org
ID:225392
Keywords:
Companies,For,Who,Factoring,New,York,City,at,Description:
keywords: description:New York City Factoring Companies- NO DEBT - JUST CASH Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with Trucking Factoring.- New York City Factoring Companies at governmentfactoring.org- Factoring Trucking Receivables-serving companies in New York City , New York --> Skip to Content
New York City Factoring Companies
All invoice factoring firms give you cash for your company's receivables. Although, they are not all created equal.
With around 400 invoice factoring firms to select from, so how do you pick the right for your business?
There are a handful of invoice factoring firms that will really offer you more than just cash.
With some factoring firms, your business also gets first class plans and service to further help increase your company's sales.
Here's what you need to know to pick the top 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 painlessly. And you'll 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 even come close!
Call Now at 1-866-593-2195For those who aren't familiar with Invoice Factoring, it is mostly a very 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 claim they have the lowest rate plans in the business, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums and so on so on.
We also deliver all of these benefits, except we also PROVIDE JAW-DROPPING SERVICE AND PLANS that other receivables factoring companies don't and can't.
How can you prove this? Here's our proof, over 40 percent of our new business growth comes from client referrals. It's pretty well understood that business clients don't give out referrals randomly. Especially since their reputation is on the line, nobody wants to risk giving a bad referral; it can make you look bad. They make referrals to help their business friends.
Put simply, it's no contest, no other factoring company comes even close to our standard of A-list services and products.
FINANCIALLY SECURE
We have been in the factoring business since 1979, are independently owned, and have a powerful track record of being FINANCIALLY SECURE. We have survived many of the economy's roller coaster rides and in doing so, can lend a helping hand to get you through any hard situations you might come under. Our lights won't go out when the times get hard, as some factoring companies sadly have before.
POSSESSES A VAST NETWORK
Each factoring company has criteria for size, industry, and risk. It's just about impossible for you to know which factoring company is the best fit for you. By contacting us, we can cut out a tremendous amount of time by helping you find the ideal fit for your business - it may be us or another factoring company.
We have a huge network of factoring industry colleagues, these mutual relationships were built over 20+ years in the business. So, when you take some time to explain your needs to us, we have all the confidence in the world that you will find just what you need..
No Minimum
Most factoring firms let you select and choose your customers that you want to factor. Although a few of them generally require a minimum amount before they'll do business with you. With us you have the freedom to pick and choose what to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is sort of like having a credit card in your pocket. You have it to use when you want it but don’t sign an agreement which will make you use factoring when you don't want it.
NO HIDDEN FEES
Most factoring firms will not be upfront about their fees. You need to be a detective to find those hidden fees. You can be sure, We do not not behave this way. We are unconditionally transparent about our fees. When you apply, you are provided a truthful, no obligation rate bid with the fee for your company. It is going to be tough finding another factoring company, if any, that will be unconditionally 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. Invoice 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 should expect to 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 companies are financed by Wall Sreet bankers. We are an independently owned company and don't take marching orders from investors and boards. Same as you, we are like-minded business people and we have cleared many of the hurdles that a business encounters. We take the time to hear your story, determine struggles. Based on that information we will put together a custom-made solution for you. Most receivables factoring companies notably the Silicon Valley Fintech ones usually depend on an algorithm to establish your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account Administrators
Most 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 really knows your business intimately, and can help you in ways the others just can't or won't.
Honoring Your
Client Relationships
Don't ignore the fact that the factoring company will be interacting 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 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 extraordinary service and real-world know-how, but so will your customers.
Our Business
is Your Business
Together, we establish a credit risk tolerance guideline to limit your customer write-offs. Further more we track each invoice and follow them just like 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 wanted until payment is made.
Payment Trend Alerts
Our business credit monitoring systems allow us to see developing negative trends so that we can protect you from risky transactions. You have quick 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 get them fixed right away.
UP-TO-DATE CUSTOMER CREDIT HISTORY
You get quick direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – your choice. Be on the lookout for negative payment trends. This is critical to prevent avoidable write-offs.
LEADING EDGE TECHNOLOGY
We employ state-of-the-art technology to accelerate 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. Most other companies are not even remotely close.
FINANCIALLY SECUREWe have been in the factoring business since 1979, are independently owned, and have a powerful track record of being FINANCIALLY SECURE. We have survived many of the economy's roller coaster rides and in doing so, can lend a helping hand to get you through any hard situations you might come under. Our lights won't go out when the times get hard, as some factoring companies sadly have before.
POSSESSES 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 MinimumMost factoring firms let you select and choose your customers that you want to factor. Although a few of them generally require a minimum amount before they'll do business with you. With us you have the freedom to pick and choose what to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is sort of like having a credit card in your pocket. You have it to use when you want it but don’t sign an agreement which will make you use factoring when you don't want it.
No Hidden Fees
Most factoring firms will not be upfront about their fees. You need to be a detective to find those hidden fees. You can be sure, We do not not behave this way. We are unconditionally transparent about our fees. When you apply, you are provided a truthful, no obligation rate bid with the fee for your company. It is going to be tough finding another factoring company, if any, that will be unconditionally 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. Invoice 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 should expect to 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 companies are financed by Wall Sreet bankers. We are an independently owned company and don't take marching orders from investors and boards. Same as you, we are like-minded business people and we have cleared many of the hurdles that a business encounters. We take the time to hear your story, determine struggles. Based on that information we will put together a custom-made solution for you. Most receivables factoring companies notably the Silicon Valley Fintech ones usually depend on an algorithm to establish your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account AdministratorsMost 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 really knows your business intimately, and can help you in ways the others just can't or won't.
Industry VeteransDon't ignore the fact that the factoring company will be interacting 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 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 extraordinary service and real-world know-how, but so will your customers.
Our Business is Your BusinessTogether, we establish a credit risk tolerance guideline to limit your customer write-offs. Further more we track each invoice and follow them just like 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 wanted until payment is made.
Payment Trend AlertsOur business credit monitoring systems allow us to see developing negative trends so that we can protect you from risky transactions. You have quick 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 get them fixed right away.
Customer
Credit History
You get quick direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – your choice. Be on the lookout for negative payment trends. This is critical to prevent avoidable write-offs.
state-of-the-art TECHNOLOGYWe employ state-of-the-art technology to accelerate 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. Most other companies are not even remotely close.
As you can see, we simply have more to offer you.
Other factoring companies are not even in the ballpark.
And Not All Factoring Companies Can State 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 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