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Can You Spot a Great Account Receivable Financing Company?
Unique 97% Advance Rates
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Account Receivable Factoring
Links
Why Account Receivable Financing is Necessary
Your Account Receivable Financing
Company Benefits
Comparison of
Account Receivable Financing to
Traditional
Funding
How Account Receivable Financing works
Account Receivable Financing History
Is Account Receivable Factoring
For
You Credit Risk Expertise
On-Line Factoring Request
Form
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OCF Account Receivable Financing
- Providing account receivable factoring services nationwide
- Over 70 years of factoring company experience
- Up to 97% Advance Rates
What Sets Us Apart
Our account receivable financing program includes
the following
features
- Same Day funding on approved
invoices
- We do not require a long term contract.
- 97% advance rates; tops in the industry
- Credit analysis on new
and existing customers
-Continuous collection management and
follow up on
factored invoices
-Invoice and statement mailing (postage included)
-Account status inquiries anytime;
24/7 online account access.
Our flexibility allows you to maintain control:
- You select accounts you prefer to
factor
on an invoice by invoice basis.
-You control total factoring costs by only
, factoring on an "as needed" basis.
Up
to 97% Advance Rates:
Advance rates are based on overall risk
associated with a particular industry as
well as experience and track record.
We
hold reserve accounts to accommodate
industries which typically experience
dilution
and that we would otherwise not be able
to service. Advance rates range
from
80% to 97% of the gross invoice amount.
Fee
Structures:
Fees are determined based on your
industry,
the credit worthiness of your customers,
how quickly your invoices
turn, and
monthly account receivable financing volume.
OCF provides individualized customer
service,
by tailoring our flexible invoice factoring
programs to fit the individual
needs of each
of our clients. We strive to
be responsive, handling receivables
with speed,
efficiency, and a personal touch.
As a client you are assigned one account
administrator who will personally handle
all of your account activity and
inquiries.
This gives us the ability to buy your r
eceivables and get the money
to
you within 12 to 24 hours.
Having one person look after your receivable factoring
account also
makes it easy for you to decide
which invoices you are going to sell and
when
you want to sell those invoices.
Our funding is
primarily done by
direct deposit or wire.
OCF has more than 70 years of
successful
cash flow and credit management experience,
experience we would love
to put to work for you.
To talk with a member of our sales team,
please contact one of our regional offices at:
Toll Free: 888-266-0197
Fax #: 425-702-1874
On-Line Factoring
Request Form
Email Us
Why Account Receivable Financing
is Necessary
"A sale is not a sale until you collect the money"
Are you a part -time banker for your customers?Take a look at
your accounts receivable aging schedule and count the number
of accounts over 30 days.Congratulations, you are extending
credit to those customers. You are not getting paid for delivering
your end of the deal in a timely manner and as a result
you are providing the use of your money to your customer for free.
Not exactly the business you thought you were getting into, is it?
Ask yourself this question: If those customers of yours went
to a bank, borrowed the same amount of time,
would they expect to pay a substantial
amount of interest for the privilege?
Of course they would!
And consider this: Not only are you receiving no interest on that money,
but most importantly,you are also losing the use of that
money while you are waiting for your customer to pay you.
What is the cost of not having this money available?
In essence, your customers are asking you to finance
their business by extending terms and allowing them
to pay in 30 days (and usually longer, right?).
But what is it costing you in "missed opportunities" when your
money is tied up in your accounts receivable?
What's a "missed opportunity"?
Here are some good examples:
-Materials offered to you by a supplier at below-market prices
-A chance to buy a piece of equipment at a bargain
-The opportunity to produce more during any given month
And the list could go on and on.
The cost of extending this credit to your customers has
to exhibit an effect somewhere. Someone has to pay the piper.
Either: A)you are absorbing the cost, resulting in lower profits,
or B) all of your other customers are paying higher prices
across the board. One way or another,
you are financing someone else's
business and perhaps losing money for the opportunity to do it.
Large companies are always looking for the most
inexpensive way to finance their operations and what
is more expensive than free?
They often use the "iron" fist in the velvet glove" approach.
With the glove they indicate that "we usually get 2/10, net 30 days" terms,
but the presence of the first suggests "we will go elsewhere,
unless you provide us with free use of your money for 30,60, or even 90 days."
The real irony here is that, in some cases, customers may
take the discount and still wait longer than 30 days to pay.
Large dollar "volume-buyers" have a lot of leverage over
small and mid-sized business and they will
usually get their "free money" terms somewhere!
With account receivable financing you can win the battle with slow-paying clients!
What is
Account Receivable Financing?
Cash flow is one of the
main reasons businesses fail. At one time or another, every business, even
successful ones, have experienced poor cash flow. Cash flow does not have to be
a problem any more. Do not be fooled -- banks are
not the only places you
can get funding. Other solutions are available and you do not have to borrow.
One solution is called invoice factoring. Account Receivable Financing is
the process of selling invoices to an
investor rather than waiting to
collect the
money from the customer.
Oh,
the Ironyâ?¦
Account Receivable Financing has an ironic
distinction: It is the
financial backbone of many of America's
most successful businesses.
Why is this ironic? Because acount receivable financing
is not
taught in business colleges, is seldom mentioned in business financing plans and
is relatively
unknown to the majority of American business people. Yet it is
a financing process that frees up billions of dollars every year,enabling
thousands of businesses to grow and prosper.
Invoice
Factoring has been around for thousands of years. Factors are investors who
pay
cash for the right to receive the future payments on your invoices.
An unpaid receivable or invoice has value. It is a debt your customer has
agreed to pay in the near future
Is Account Receivable
Financing For You?
The key to knowing if
factoring is for you is to not to look only at the bottom-line invoice factoring
fee, but also to consider how your company may increase
its profits through
factoring.
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Our
Account Receivable
Financing Programs Can Help You Double
Your Sales
Let Us Show You How
To talk with a member of
our sales team,
please contact one of our regional
offices at:
Toll
Free: 888-266-0197
On-Line Factoring
Request Form
Email Us
Hear What Our
Customers Say About Us
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account receivable financing Our
Account Receivable
Financing Programs Can Help You Double
Your Sales
Let Us Show You How
To talk with a member of our sales team,
please contact one of our regional offices at:
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Top 50 Cities for Account Receivable Factoring
- Los Angeles, California Invoice Discounting Factoring Company (pop 3,798,981)
- Chicago, Illinois Receivables Factoring Company (pop 2,886,251)
- Houston, Texas Factoring Account Receivable Company (pop 2,009,834)
- Philadelphia, Pennsylvania Receivables Factoring Company (pop 1,492,231)
- Phoenix, Arizona Invoice Discounting Company (pop 1,371,960)
- San Diego, California Invoice Financing Factoring Company (pop 1,259,532)
- Dallas, Texas Invoice Factoring Account Receivable Company (pop 1,211,467)
- San Antonio, Texas Invoice Discounting Factoring Company (pop 1,194,222)
- Detroit, Michigan Invoice Finance Company (pop 925,051)
- San Jose, California Factoring Account Receivable Company (pop 900,443)
- Indianapolis, Indiana Receivables Factoring Company (pop 783,612)
- San Francisco, California Factoring Company (pop 764,049)
- Columbus, Ohio Invoice Financing Company (pop 725,228)
- Austin, Texas Invoice Buyer Factoring Company (pop 671,873)
- Baltimore, Maryland Factoring Company (pop 638,614)
- Milwaukee, Wisconsin Factoring Company(pop 590,895)
- Boston, Massachusetts Invoice Buyer Factoring Company (pop 589,281)
- Washington, District of Columbia Receivables Factoring Company (pop 570,898)
- El Paso, Texas Factoring Company (pop 577,415)
- Seattle, Washington Receivables Factoring Company (pop 570,426)
- Denver, Colorado Invoice Discounting Company (pop 560,415)
- Charlotte, North Carolina Factoring Company (pop 580,597)
- Fort Worth, Texas Invoice Factoring Company (pop 567,516)
- Portland, Oregon Invoice Financing Factoring Company (pop 539,438)
- Oklahoma City, Oklahoma Invoice Finance Factoring Company (pop 519,034)
- Tucson, Arizona Factoring Account Receivable Company (pop 503,151)
- New Orleans, Louisiana Invoice Factoring Company (pop 473,681)
- Las Vegas, Nevada Invoice Funding Factoring Company (pop 508,604)
- Cleveland, Ohio Invoice Factoring Company (pop 467,851)
- Long Beach, California Invoice Discounting Factoring Company (pop 472,412)
- Albuquerque, New Mexico Invoice Finance Factoring Company (pop 463,874)
- Kansas City, Missouri Factoring Account Receivable Company (pop 443,471)
- Fresno, California Invoice Buyer Factoring Company (pop 445,227)
- Virginia Beach, Virginia Factoring Account Receivable Company (pop 433,934)
- Atlanta, Georgia Factoring Company (pop 424,868)
- Sacramento, California Invoice Financing Factoring Company (pop 435,245)
- Oakland, California Factoring Company (pop 402,777)
- Mesa, Arizona Invoice Discounting Factoring Company (pop 426,841)
- Tulsa, Oklahoma Invoice Funding Factoring Company (pop 391,908)
- Omaha, Nebraska Factoring Account Receivable Company (pop 399,357)
- Minneapolis, Minnesota Invoice Funding Factoring Company (pop 375,635)
- Honolulu, Hawaii Receivables Factoring Company (pop 378,155)
- Colorado Springs, Colorado Factoring Company(pop 371,182)
- St. Louis, Missouri Invoice Buyer Factoring Company (pop 338,353)
- Wichita, Kansas Factoring Company(pop 355,126)
- Santa Ana, California Receivables Factoring Company (pop 343,413)
- Pittsburgh, Pennsylvania Invoice Buyer Factoring Company (pop 327,898)
- Arlington, Texas Factoring Company (pop 349,944)
- Cincinnati, Ohio Factoring Company (pop 323,885)
- Anaheim, California Receivables Factoring Company (pop 332,642)
- Toledo, Ohio Factoring Company (pop 309,106)
- Buffalo, New York Factoring Company (pop 287,698)
- St. Paul, Minnesota Factoring Company (pop 284,037)
- Corpus Christi, Texas Receivables Factoring Company(pop 278,520)
- Aurora, Colorado Invoice Discounting Factoring Company (pop 286,028)
- Raleigh, North Carolina Invoice Finance Factoring Company (pop 306,944)
- Newark, New Jersey Factoring Company (pop 277,000)
- Lexington-Fayette, Kentucky Receivables Factoring Company (pop 263,618)
- Anchorage, Alaska Invoice Factoring Company (pop 268,983)
- Louisville, Kentucky Invoice Financing Factoring Company (pop 251,399)
- Riverside, California Invoice Discounting Company (pop 274,226)
- Bakersfield, California Factoring Company (pop 260,969)
- Stockton, California Factoring Company (pop 262,835)
- Birmingham, Alabama Factoring Account Receivable Company (pop 239,416)
- Jersey City, New Jersey Factoring Company (pop 240,100)
- Norfolk, Virginia Invoice Finance Factoring Company (pop 239,036)
- Baton Rouge, Louisiana Invoice Discounting Factoring Company (pop 225,702)
- Hialeah, Florida Factoring Company (pop 228,149)
- Lincoln, Nebraska Invoice Financing Factoring Company (pop 232,362)
- Greensboro, North Carolina Invoice Funding Factoring Company(pop 228,217)
- Plano, Texas Factoring Company (pop 238,091)
- Rochester, New York Factoring Company (pop 217,158)
- Glendale, Arizona Factoring Company (pop 230,564)
- Akron, Ohio Factoring Company (pop 214,349)
- Garland, Texas Factoring Company(pop 219,646)
- Madison, Wisconsin Invoice Factoring Company (pop 215,211)
- Fort Wayne, Indiana Factoring Company(pop 210,070)
- Fremont, California Factoring Company(pop 206,856)
- Scottsdale, Arizona Factoring Company (pop 215,779)
- Montgomery, Alabama Invoice Buyer Factoring Company (pop 201,425)
- Shreveport, Louisiana Invoice Factoring Company (pop 199,033)
- Lubbock, Texas Factoring Company (pop 203,715)
- Chesapeake, Virginia Factoring Company(pop 206,665)
- Mobile, Alabama Factoring Company (pop 194,862)
- Des Moines, Iowa Factoring Company (pop 198,076)
- Grand Rapids, Michigan Factoring Company (pop 196,595)
- Richmond, Virginia Factoring Company (pop 197,456)
- Yonkers, New York Factoring Company (pop 197,234)
- Spokane, Washington Factoring Company (pop 196,305)
- Augusta-Richmond County, Georgia Invoice Finance Factoring Company (pop 193,101)
- Glendale, California Factoring Company (pop 199,430)
- Tacoma, Washington Invoice Discounting Factoring Company (pop 197,553)
- Irving, Texas Invoice Financing Factoring Company (pop 196,119)
- Huntington Beach, California Account Receivable Factoring Company (pop 193,799)
- Arlington, Virginia Factoring Company (pop 189,927)
- Modesto, California Invoice Funding Factoring Companya (pop 203,555)
- Durham, North Carolina Invoice Discounting Factoring Company(pop 195,914)
- Boise, Idaho Factoring Account Receivable Company (pop 189,847)
- Winston-Salem, North Carolina Invoice Finance Company (pop 188,934) New York, New York (pop 8,084,316)
http://www.ocf.com/factoring_account_receivables.htm
http://www.ocf.com/factoring/creditmanager.htm
http://www.ocf.com/factoring/testimonials.htm
http://www.ocf.com/factoring/why-factoring-is-necessary.htm
http://www.ocf.com/factoring/factoring-service.htm
http://www.ocf.com/factoring_account_receivables.htm
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