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.
Cheyenne

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 Cheyenne

Cheyenne is the capital and most populous city of the US state of Wyoming and the county seat of Laramie County.It is the principal city of the Cheyenne, Wyoming, Metropolitan Statistical Area which encompasses all of Laramie County. The population was 59,466 at the 2010 census. Cheyenne is the northern terminus of the extensive and fast-growing Front Range Urban Corridor that stretches from Cheyenne to Pueblo, Colorado, and has a population of 4,333,742 according to the 2010 United States Census. Cheyenne is situated on Crow Creek and Dry Creek. The Cheyenne, Wyoming Metropolitan Area had a 2010 population of 91,738, making it the 354th most populous metropolitan area in the United States.Government is the largest sector of Cheyenne's economy. The state of Wyoming operates a multitude of offices in downtown Cheyenne. Many area residents are employed by or are dependent on the U.S. Air Force, through F.E. Warren Air Force Base to the west of the city, or by the Wyoming National Guard. Railroads remain a major economic force for the city, with both the Burlington Northern Santa Fe and Union Pacific employing many residents.

 

 

Information for the state of Wyoming

The U.S. acquired the land comprising Wyoming from France as part of the Louisiana Purchase in 1803. John Colter, a fur-trapper, is the first white man known to have entered the region. In 1807 he explored the Yellowstone area and brought back news of its geysers and hot springs.

 

Robert Stuart pioneered the Oregon Trail across Wyoming in 1812–1813 and, in 1834, Fort Laramie, the first permanent trading post in Wyoming, was built. Western Wyoming was obtained by the U.S. in the 1846 Oregon Treaty with Great Britain and as a result of the treaty ending the Mexican War in 1848.

 

When the Wyoming Territory was organized in 1869, Wyoming women became the first in the nation to obtain the right to vote. In 1925 Mrs. Nellie Tayloe Ross became the first woman governor in the United States.

 

Wyoming's towering mountains and vast plains provide spectacular scenery, grazing lands for sheep and cattle, and rich mineral deposits.

 

Wyoming is the leading coal-producing state and a leader in the production of petroleum and natural gas. Wyoming has the world's largest sodium carbonate (natrona) deposits and has the nation's second largest uranium deposits.

 

A leading producer of sheep and wool, Wyoming is also a major producer of beef cattle and hogs. Principal crops include wheat, oats, sugar beets, corn, barley, and alfalfa.

 

Second in mean elevation to Colorado, Wyoming has many attractions for the tourist trade, notably Yellowstone National Park . Hikers, campers and skiers are attracted to Grand Teton National Park and Jackson Hole National Monument in the Teton Range of the Rockies. Cheyenne is famous for its annual 'Frontier Days” celebration. Flaming Gorge, the Fort Laramie National Historic Site, and Devils Tower and Fossil Butte National Monuments are other points of interest.

 

Wyoming was selected as an official state of the Free State Project, a political migration. The plan was to have all Libertarians relocate to one state so they could live free. The project was started in 2001. Members voted on select states for the migration. Wyoming received 498 votes, coming in second behind New Hampshire.

 

 

CAN'T GET A LOAN  

The main benefit of Invoice Factoring is that a business is not required to wait one or two months (sometimes more) for payment by a customer, the business will receive cash in hand to operate and grow their business. -Wyoming Invoice Factoring Company

 

 

IS YOUR COMPANY CASH POOR  

Wyoming Invoice Factoring Company Articles

Invoice Factoring: An Overview

 

What Is Invoice Factoring?

 

‘Invoice Factoring’ is when a third party commercial finance company purchases the Invoices or Accounts Receivable from a business. The finance company concerned is called a ‘Factor’ and the transaction is known as ‘Invoice Factoring’. Invoice Factoring is also known as ‘Accounts Receivable Financing’ because Invoice Factoring occurs when a business needs to access cash quickly, quicker than if it had to wait the 30 to 60 days (or longer) to receive payment from a customer.

 

The majority of Invoice Factoring companies purchase invoices and advance cash within 24 hours, although the terms and nature of Invoice Factoring can differ between industries and different financial service providers. Depending on the industry, the customers’ credit histories, and various other criteria, the advance rate can range from between 80% and 95%. The business also receives back office support from the factor. Once the factor has collected from the business’s customers, the business will be paid the reserve balance of the invoices, less a nominated fee for assuming the collection risk.

 

The main benefit of Invoice Factoring is that a business is not required to wait one or two months (sometimes more) for payment by a customer – the business will receive cash in hand to operate and grow their business. It’s important to note that Invoice Factoring is not a loan: there’s no debt with Invoice Factoring. Funding is unrestricted, which means that a business has more flexibility than borrowing from a bank.

 

The Five Simple Steps of Invoice Factoring

 

1. As a business, you provide a service to your customer;
2. The invoice for this service is sent to a Invoice Factoring company;
3. On this invoice, you’ll receive a cash advance from the Invoice Factoring company;
4. It’s now up to the Invoice Factoring company to collect full payment from your customer;
5. Once payment has been received, you’ll receive the balance of your invoice account from the Invoice Factoring company – minus their fee.
The Advantages of Invoice Factoring

 

There are many reasons why Invoice Factoring has become a popular and valuable financial tool for businesses today. The key benefit of Invoice Factoring is that a business receives a quick boost to its cash flow: in fact, many Invoice Factoring companies offer cash on their Accounts Receivable within 24 hours! The Invoice Factoring company takes responsibility for collecting customer payments, and may also evaluate the payment and credit histories of a business’s customers.

 

Other Benefits Include:

 

• When a business needs access to cash, Invoice Factoring can be customized and managed in order to provide the necessary capital;
• The business balance sheet will not show this financing as a debt;
• Invoice Factoring is not based on the company’s credit or business history: it’s based on the quality of its customers’ credit;
• Invoice Factoring is not determined by the company’s net worth: it provides a Line of Credit based on sales;
• There’s no limit to the amount of financing through Invoice Factoring, unlike a conventional loan;
• Invoice Factoring is an ideal solution for start up businesses that often require immediate cash flow.

 

Is the Concept of Invoice Factoring New?

 

No, it’s not! In fact, the origin of Invoice Factoring comes from overseas trade among nations and dates back several centuries to the 1400s when it became part of doing business in England. In the year 1620 it arrived in America with the Pilgrims. Like other financial tools, Invoice Factoring has improved and evolved over the years. It became an effective way of creating cash flow in the United States at a timewhen companies faced strict limitations when trying to secure loans in the country’s damaged banking system.

 

Who Uses Invoice Factoring?

 

Invoice Factoring is available for companies of all sizes, ranging from a one person business to Fortune 500 companies. Every business can use Invoice Factoring as an effective way of increasing their cash flow. In addition, Invoice Factoring spans all types of industries, from transportation, trucking, textiles, manufacturing and distribution, staffing agencies, and oil and gas.

 

The cash generated from Invoice Factoring is used by companies to purchase new equipment, pay for inventory, expand operations, add employees, and basically cover any expenses related to the running of their business. The beauty of Invoice Factoring is that it allows companies to make quick decisions and to expand at a faster pace.

 

How Does Invoice Factoring Work?

 

For the purpose of this post, we’ll describe a fictional example as a way of illustrating a common Invoice Factoring situation.

 

XYZ Transport is a trucking company: their intention is to double their fleet size over the next two years in order to service more clients in the West. The company has just successfully won a new customer on the West Coast who requires freight to be shipped from Oklahoma to Los Angeles. This new customer is more than happy to pay for the service within 30 days; however, that won’t cover all the immediate costs involved, like payroll, fuel, and maintenance costs of running the route.

 

This is a familiar situation for the owners of XYZ Transport: the lack of available cash flow in the past has prevented the company from accepting new business. So now XYZ Transport has turned to a Invoice Factoring company: they have agreed to sell the West Coast customer’s invoice to the Invoice Factoring company in exchange for a 90% advance on the total amount – within 24 hours! This much needed influx of cash will replenish the trucking company’s reserves and allow it to continue running the Oklahoma – Los Angeles route. In addition, XYZ Transport now has the added flexibility of taking on new customers.

 

How Much Do Companies Factor?

 

Each company has its own unique business needs, so somecompanies only factor invoices for customers that are slow in paying, whilst other companies factor all of their invoices. Companies can factor receivables ranging from a few thousand dollars right through to millions of dollars each month.

 

What’s the Difference between Invoice Factoring and a Traditional Bank Loan?

 

Invoice Factoring, also known as Accounts Receivable Financing, is a quick, flexible and effective way for businesses to create a steady cash flow stream. See below for how Invoice Factoring is different to a Line of Credit at a bank or a traditional business loan

 

 

 

FactorMoney.com

 

Factoringbank.org

 

 

 

 

You Can Find More Information at  http://invoicefactoringservices.org
and at receivablesfinancing.org

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

 

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

 

 


 

Get MONEY NOW for your outstanding invoices.

 

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Alabama

 

Alaska

 

Arizona

 

Arkansas

 

California

 

Colorado

 

Connecticut

 

Delaware

 

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