MLO NMLS #1086161 California and Minnesota - Approved-Inactive
Invoice Factoring is a form of Accounts Receivable (AR) Management. Every Fortune 1000 company in the world utilizes it as a tool. Research shows that HP factored $2 billion in AR 1st quarter 2014, or pays the invoice factoring company of their vendors, suppliers and service providers.
A Factoring company in our network currently manages the AR credit protection, collections and cash advances for clients receiving payment to it on their behalf from Wal-Mart, Comcast, Neiman-Marcus, Textron, Time-Warner, AT&T, the US military and many state/local/city governments, just to name a few.
Remember, you outsource the management of your AR to the Factoring Company. It will deal with you and your clients in a courteous and professional manner. Its job is to verify the invoices are in your client's AP system with the proper documentation so they are paid in a timely manner. Most clients find in addition to the main benefits of increased cash flow and credit protection, their customers tend to pay faster because billing and entry errors are reduced.
In addition, Factoring Companies are not a collection agency hounding companies for bad debt. They only manage, protect and advance against solid invoices from reputable and credit-worthy companies. If they do not make your customers happy, they do not get to manage your AR. You will have one and only one college educated relationship manager assigned to your account with 10+ years of experience.
What is needed to get started? A Simple One-Page Application!
Motor Vehicle Sales, Retail Sales & Rentals, Collection & Recovery, Accounts & Appraisals, Finance Companies, Short Term Lending, Government & Non-Profit, Property Management, Merchant Services, Wholesale and Distributors
Cable & Telecom Contractors, Construction Services, Distributors & Wholesalers, Fleet Vehicles Suppliers, Government Contractors, Importers & Exporters, IT Staffing Services, Legal Service Providers, Manufacturing, Medical Services, Oil and Gas Construction Services, Professional Services, Security Service Providers, Shipping Service Providers, Temporary Staffing, Traveling Services, Trucking & Transportation
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