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.
Minneapolis

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 Minneapolis

"

Minneapolis, the largest city in Minnesota and the seat of Hennepin County, is located in the southeast central part of the state on the Mississippi River. It is adjacent to its twin city of St. Paul.In 1680, Father Louis Hennepin visited the future site of Minneapolis and gave the Falls of St. Anthony their name. Lt. Zebulon Pike made a treaty with the Sioux Indians in 1805 1806, by which they ceded to the whites much land, including the Falls of St. Anthony and the site of Minneapolis. Fort Snelling was built in 1819 1820, and in 1823 the government built a lumber and flour mill. Flour milling became the major industry of early Minneapolis and made the city the milling capital of the world. The town of St. Anthony was established on the east bank of the Mississippi in 1848, and the town of Minneapolis grew up on the opposite bank of the river. The name Minneapolis is a combination of the Dakota Sioux word minna, for water, and the Greek word polis, for city. Minneapolis was incorporated as a city in 1867, and in 1872 the city of St. Anthony (chartered in 1860) was annexed to it.

 

After the spread of the railroads in the 1870s, Minneapolis became the gateway to the Northern Great Plains.Minneapolis is a center of industry and commerce serving a large agricultural region. During the 20th century, manufacturing, food processing, milling, computers, health services, and graphic arts developed as Minneapolis's major industries. Fifteen Fortune 500 companies are headquartered in the Minneapolis St. Paul metropolitan area. The city is the headquarters of the Ninth Federal Reserve Bank.The Twin Cities are known for their wide array of cultural attractions, and Minneapolis is home to many fine museums, including the Minneapolis Institute of Arts, the Walker Center, and the Frederick R. Weisman Art Museum at the University of Minnesota's Minneapolis campus.The Twin Cities, Minneapolis and St. Paul, hosted the 2008 Republican National ConventionThe Minneapolis St. Paul area is the second largest economic center in the Midwest, behind Chicago.

 

The economy of Minneapolis today is based in commerce, finance, rail and trucking services, health care, and industry. Smaller components are in publishing, milling, food processing, graphic arts, insurance, education, and high technology. Industry produces metal and automotive products, chemical and agricultural products, electronics, computers, precision medical instruments and devices, plastics, and machinery. The city at one time produced farm implements..Availability of Wi Fi, transportation solutions, medical trials, university research and development expenditures, advanced degrees held by the work force, and energy conservation are so far above the national average that in 2005, Popular Science named Minneapolis the ""Top Tech City"" in the U.S.

 

The Twin Cities ranked the country's second best city in a 2006 Kiplinger's poll of Smart Places to Live and Minneapolis was one of the Seven Cool Cities for young professionals.The Twin Cities contribute 63.8% of the gross state product of Minnesota. The area's $199.6 billion gross metropolitan product and its per capita personal income rank thirteenth in the U.S. Recovering from the nation's recession in 2000, personal income grew 3.8% in 2005, though it was behind the national average of 5%. The city returned to peak employment during the fourth quarter of that year.The Federal Reserve Bank of Minneapolis, serves Minnesota, Montana, North and South Dakota, and parts of Wisconsin and Michigan. The smallest of the 12 regional banks in the Federal Reserve System, it operates a nationwide payments system, oversees member banks and bank holding companies, and serves as a banker for the U.S. Treasury. The Minneapolis Grain Exchange founded in 1881 is still located near the riverfront and is the only exchange for hard red spring wheat futures and options

 

"

 

Information for the state of Minnesota

Once primarily a producer of raw materials, Minnesota's economy has transformed to emphasize finished products and services. Perhaps the most significant characteristic of the economy is its diversity; the relative outputs of its business sectors closely match the United States as a whole.

 

We will buy your invoices and give you the cash immediately.  

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 is serving. -Invoice Factoring Companies Mn

 

 

WHAT MAKES A Invoice Factoring COMPANY GREAT  

Invoice Factoring Companies Mn Articles

Questions You Need to Ask Your Invoice Factoring Company

 

In today’s marketplace we’re seeing more and more Invoice Factoring companies, and Invoice Factoring fees, rates and agreement terms have become very competitive. This means that, as a potential Invoice Factoring customer, this competitiveness should work to your advantage. However, there are some issues you must consider when choosing a Invoice Factoring company to suit your specific requirements.

 

Before entering into any Invoice Factoring agreement, here are some important questions you should ask –

 

What Are Your Terms?

 

As a Invoice Factoring customer, you’ll be looking for as much flexibility in your Invoice Factoring agreement as possible. It may be that you choose a long term contract with your Invoice Factoring company if it includes flexible rates or a price break. In today’s competitive market, many Invoice Factoring companies are agreeing to adjust their rates based on competitive offers from other factors or increased Invoice Factoring volume.

 

The majority of Invoice Factoring agreements are a one year contract, which appears to be industry standard, and this contract will renew automatically unless you provide the Invoice Factoring company either 60 or 90 days notice.

 

What’s Your Fee Structure?

 

The fee structure may vary depending on both the Invoice Factoring company involved and your industry. Some Invoice Factoring companies charge a flat fee, which is calculated as a percentage of the total value of the invoice. On the other hand, other Invoice Factoring companies charge additional fees to cover costs associated with doing business, such as money transfers, software, and so on. Ensure that the Invoice Factoring company you’re considering working with is completely upfront and transparent with you about its terms and fees.

 

Are You Able to Offer Both Recourse and Non Recourse Invoice Factoring?

 

Recourse Invoice Factoring:

 

Recourse Invoice Factoring is less expensive than non recourse Invoice Factoring. With recourse Invoice Factoring, you (being the client) are ultimately responsible if the Invoice Factoring company is unable to collect on your customers’ invoices. However, you’re not necessarily required to pay the debt out of pocket if you have a recourse agreement and the customer defaults on payment. It may be that the Invoice Factoring company will withhold a portion of future cash payments or payments held in reserve, with the money being placed in an escrow account until such time as the debt has been paid.

 

Non recourse Invoice Factoring:

 

When you have a non recourse Invoice Factoring agreement, the credit risk for the collection of customers’ invoices lies with the Invoice Factoring company.Therefore, we believe it’s to your advantage to use a Invoice Factoring company that offers both recourse and non recourse Invoice Factoring, simply because you may find that some of your customers are more suitable for recourse Invoice Factoring than others. In addition, you need a Invoice Factoring company with a strong credit team because they can work with you to ensure you’re dealing with good customers: to a certain degree this will relieve some of the pressure of being responsible for bad debt.

 

How Long Has the Invoice Factoring Company Been in Business?

 

With the marketplace becoming increasingly competitive, today we’re seeing the creation of more and more Invoice Factoring companies. However, many of these companies are recent start ups, with limited industry experience. Make sure you research the Invoice Factoring company’s history prior to entering into any Invoice Factoring agreement: also research its background into providing financial services in your specific industry.

 

Do You Have the Capital to Grow with Me?

 

The fact that there’s no limit to the level of financing is the major advantage Invoice Factoring has over traditional bank lending. As your company continues to grow, so too should the funding of invoices grow with you. Do your research and learn as much as possible about your potential Invoice Factoring company’s client base and their capital structure.

 

Does this Invoice Factoring company have a limit to the number of debtors it takes on? What’s a typical account size? What’s the Invoice Factoring volume of their largest client? You’ll probably find that Invoice Factoring companies who have been serving your industry for many years will have greater capacity to finance your company as it continues to grow.

 

Is There Anything Else You Can Do for Me?

 

Obviously, Invoice Factoring is more expensive than a conventional bank loan, and this is partly due to the back office services that your Invoice Factoring company is able to provide. Besides collections and financing, many Invoice Factoring companies will evaluate companies in your industry and provide credit information. Therefore, when looking for a Invoice Factoring company for your business, make sure the one you choose offers additional services and products that can assist you in making good business decisions.

 

How Do We Start Invoice Factoring?

 

Fortunately, Invoice Factoring companies are not unduly concerned about your balance sheet before they decide to work with you, unlike banks. However, they do have a process to follow when selecting new clients, so be sure you understand what the Invoice Factoring company is looking for when it’s considering you as a client. Are they looking at your credit ratings and/or your customers’ payment histories?

 

Are they looking at your personal credit score?

 

In many cases a company will start Invoice Factoring because it’s looking for a quick injection of cash, so you need to know how many days the Invoice Factoring company will take to review and process your application.

 

 

 

CraigWinters.com

 

Account-receivable.org

 

 

 

 

You Can Find More Information at  http://invoicefactoringservices.org
and at Receivables Factoring at knowledgefacts.com

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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West Virginia

 

Wisconsin

 

Wyoming

 

Alabama

 

Alaska

 

Arizona

 

Arkansas

 

California

 

Colorado

 

Connecticut

 

Delaware

 

Florida

 

Georgia

 

Hawaii

 

Idaho

 

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

 

Wyoming

 

Alabama

 

Alaska

 

Arizona

 

Arkansas

 

California

 

Colorado

 

Connecticut

 

Delaware

 

Florida

 

Georgia

 

Hawaii

 

Idaho

 

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

 

Wyoming