New to Factoring?

For those who aren't familiar with factoring, it is basically a fast way to get cash to run your business.

Factoring is Not a Loan

When you send your customers an invoice, they usually have 30 days to pay you back. 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.


Factoring Doesn't Require Debt

Sounds simple enough – fast cash for your business – no loans, no debt.

So how do you go about choosing the best factoring company?

Not all of them are created equal. Not all of them will give you the same level of service you need to help grow your business.

Everyone claims they have the simplest rate structure in the industry, no long-term contracts, same day funding, no up-front fees, no monthly minimums or maximums, etc., etc., etc.

We also offer these same benefits, but we GO THE EXTRA MILE FOR YOU that other factoring companies don’t.

Here’s Why We Are The Factoring Company You Need For Your Business

No other factoring company matches our level of superior service and offerings.


As you can see, we simply have more to offer you.

Other factoring companies don’t even compare.
Hartford

And Not All Factoring Companies Can Say This:

More than half of our new business comes through client referrals.

So, Can Your Company Use Factoring?

Of Course! 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 spans 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 time
  • No debt to repay
  • Unlimited funding potential – no caps
  • Fast funding – no waiting months like at a bank
  • Approval is based on the strength of your clients, not your credit
  • Startups are welcome in using funding services

Some of the benefits you receive with factoring are:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information for the city of Hartford

"

Hartford is the capital of the U.S. state of Connecticut and the historic seat of Hartford County until Connecticut disbanded county government in 1960. As of the 2010 Census, Hartford's population was 124,775, making it Connecticut's fourth largest city after the coastal cities of Bridgeport, New Haven, and Stamford, and the largest city in Connecticut that is not on the coastline.Nicknamed the ""Insurance Capital of the World"", Hartford houses many insurance company headquarters, and insurance remains the region's major industry. Almost 400 years old, Hartford is among the oldest cities in the United States. Following the American Civil War, Hartford was the wealthiest city in the United States for several decades. In 1868, resident Mark Twain wrote, ""Of all the beautiful towns it has been my fortune to see this is the chief.""

 

Today, Hartford is one of the poorest cities in the nation with 3 out of every 10 families living below the poverty line. In 2004, the Hartford metropolitan area ranked second nationally in per capita economic activity, behind only San Francisco. Hartford is ranked 32nd of 318 metropolitan areas in total economic production and 9th out of 280 metropolitan statistical areas in per capita income. Hartford is home to the nation's oldest public art museum, the Wadsworth Atheneum; the oldest public park, Bushnell Park; the oldest continuously published newspaper, The Hartford Courant; the second oldest secondary school, Hartford Public; Trinity College, an elite, private liberal arts college, and the Mark Twain House where the author wrote his most famous works and raised his family, among other historically significant attractions.Hartford is the historic international center of the insurance industry, with companies such as Boiler based in the city, and companies such as Travelers and Lincoln National Corporation having major operations in the city. The city is also home to the corporate headquarters of Technologies.

 

"

 

Information for the state of Connecticut

The total gross state product for 2010 was $237�billion. The per capita income for 2007 was $64,833, ranking fourth, behind the District of Columbia, Delaware, and Alaska. There is, however, a great disparity in incomes throughout the state; although New Canaan has one of the highest per capita incomes in America, Hartford is one of the ten cities with the lowest per capita incomes in America.

 

As with Bridgeport, New Haven and other cities in the state, Hartford is surrounded by wealthier suburbs. New Canaan is the wealthiest town in Connecticut, with a per capita income of $85,459. Darien, Greenwich, Weston, Westport and Wilton also have per capita incomes over $65,000. Hartford is the poorest municipality in Connecticut, with a per capita income of $13,428 in 2000. There are other lower-income and blue-collar towns, mostly parts of towns, in the eastern part of the State.

 

If you need capital right now or are looking to expand then Invoice Factoring is the way to go.  

Invoice Factoring companies will, in exchange for your invoices, provide you with the cash today so that you don not need to worry about the waiting period that could make paying the bills and getting materials more difficult. -Invoice Factoring Companies Ct

 

 

GIVE US ONE DAY AND WE'LL GIVE YOU THE CASH YOU NEED  

Invoice Factoring Companies Ct Articles

Important Points to Remember When Choosing Your Invoice Factoring Company

 

Now that you’ve decided that Invoice Factoring would be a solid business decision for your company, the next step is to find the perfect Invoice Factoring company for you. Once you start looking you’ll discover that there are many Invoice Factoring companies (or ‘factors’) in the marketplace, and this is the perfect situation for you as a potential Invoice Factoring client.

 

But it can also be confusing, because now you have to find the right Invoice Factoring company to suit your business’s needs. To assist you in making the right decision we’ve listed below the main issues that should be considered when choosing a Invoice Factoring company.

 

Invoice Factoring Fees and Terms

 

Before making your final decision and entering into a Invoice Factoring agreement, check out the fees applicable and the terms of the contract. Both of these can vary a lot, depending on the Invoice Factoring company and the industry it's serving. When you start your research you’ll discover that some Invoice Factoring companies charge a flat fee: this fee is, in effect, a certain percentage of the total value of the customer invoices you sell to them; whilst others have additional charges to cover the general costs of doing business – such as, money transfers, shipping, collateral, and so on.

 

Ensure that the Invoice Factoring company you’re considering working with is transparent and upfront with you about its fee structure. In addition, you may want to consider a long term contract with your Invoice Factoring company if it includes flexible rates or a price break. If you’re receiving competitive offers from other Invoice Factoring companies or you have increased Invoice Factoring volume, you’ll discover that many Invoice Factoring companies will be prepared to adjust their rates. A one year contract is the industry standard for most Invoice Factoring agreements. Generally, unless you give your factor a 60 or 90 day notice, your Invoice Factoring contract will automatically renew.

 

What’s the Difference between Recourse and Non Recourse Invoice Factoring?

 

It’s important that you understand the difference between recourse and non recourse Invoice Factoring prior to choosing your Invoice Factoring company, because you need to know what the best fit would be for your company and your customers. So, with non recourse Invoice Factoring, all of the credit risks for the collection of the invoice belong to the Invoice Factoring company; while recourse Invoice Factoring means that, with you being the client, you’ll ultimately be responsible if the Invoice Factoring company is unable to collect payment on your customers’ invoices.

 

There are benefits to recourse Invoice Factoring, and perhaps the main benefit is that it’s less expensive than non recourse Invoice Factoring. If you have a recourse agreement and the customer defaults on payment, it doesn’t automatically mean that you’ll be asked to settle the debt out of pocket. Generally, what happens is that the factor will hold back a portion of either future cash advances or payments being held in reserve, with the money being placed in an escrow account awaiting settlement of the debt.

 

Our suggestion is that you find a Invoice Factoring company that offers both recourse and non recourse Invoice Factoring, because not all of your customers will be good candidates for recourse Invoice Factoring. An experienced Invoice Factoring company working with a strong credit team can also behelpful in ensuring you’re working with good customers: this will relieve some of the pressure of being stuck with bad debt.

 

Experience and Capital: The Two PreRequisites

 

Your company should be looking for a Invoice Factoring company with experience in your industry, including the capital structure to fund your business as it continues to grow. Once you start researching Invoice Factoring companies you’ll discover that there are a lot to choose from; however, many of these are recent start ups with limited experience. Prior to signing any Invoice Factoring agreement, do your research and look into the history and background of the Invoice Factoring company concerned, especially its ability to provide financial services in your area of expertise.

 

The idea with Invoice Factoring is that, as your company grows, the funding of your customer invoices will grow with you.Research the Invoice Factoring company’s client base and their capital structure. What’s a typical account size? What’s the Invoice Factoring volume of their largest client? Is the Invoice Factoring company limited to how many debtors it can handle? In general, Invoice Factoring companies that have been serving your industry for many years will usually be able to offer your business the best deal.

 

Additional Invoice Factoring Services

 

There are many more benefits to Invoice Factoring than simply increasing your company’s cash flow. Because the Invoice Factoring company will be handling the collection of your customer’s invoices, your company will be saving time and resources. A good Invoice Factoring company will also be able to evaluate companies in your industry and provide credit information. In short, your factor will ensure that you experience excellent customer service. You’ll be matched with your own representative who’ll be able to address any questions or concerns you may have about your Invoice Factoring account.

 

So, when researching Invoice Factoring companies, look for a factor who not only offers additional products but provides a high level of customer service that will help your business grow by assisting you in making smart business decisions.

 

 

 

JKLFunding.com

 

Factorcompanies.org

 

 

 

 

You Can Find More Information at  http://invoicefactoringservices.org
and at Invoice Factoring Companies-truckfreightshipping.org

Call Us Today at: 1-888-266-0197

 

Watch our Factoring Company Video below to see how we work for you.

 

 


 

Get CASH NOW for your outstanding receivables.

 

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Ohio

 

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