OCF FACTORING COMPANY
- Providing factoring services nationwide
- Over 70 years of factoring company experience
- Up to 97% Advance Rates
WHAT SETS US APART
• 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 factoring volume.
OCF provides individualized customer service,
by tailoring our flexible 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
receivables and get the money to
you within 12 to 24 hours.
Having one person look after your 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
Factoring Home Page
Why Factoring is Necessary
Factoring Benefits
Factoring History
Factoring Comparison
Credit Risk Management
Is Factoring For You
How Factoring Works
More Account Receivable Factor Information
Accounts Receivable Factoring Is Available Quickly, days not weeks.
Companies consider the accounts receivable factoring discount the same way they treat a sales price: It is simply the cost of generating cash flow, much like discounting merchandise is the cost of generating sales.
Factoring account receivables is a cash flow tool used by a variety of businesses, not just those who are small or struggling. Many companies factor to reduce the overhead of their own
accounting department. Others use accounts receivable factoring
to generate cash, which can be used to expand marketing efforts and increase production and finance growth.
Why Receivable Factoring
Appeals to the Start-Ups
Invoice Factoring is especially appealing to young and rapidly growing companies. Since the account receivable factoring process shortens their business cash flow cycle, these small businesses can grow faster. The ability to make more products to sell while waiting for invoices to be paid is largely eliminated. Such small businesses usually net much more profit with receivables factoring than without, even when the financing discount is considered.
The Buyout Process
The lender with the oldest dated UCC filing is said to be in “First Position” on the pledged collateral. For example, an account receivable factoring company has first rights to collect payments on your invoices and all the related surrounding instruments.
Factoring companies do not take a second position because the lender in first position could legally take the check right out of the hands of the second position factor
Accounts Receivable Factoring
Setting up an accounts receivable factoring relationship is quick and easy in comparison to other forms of financing. Applications simply call for basic company credit information and a customer list. Years of profitability are not required which makes factoring an option for startups generating receivables. It is possible that funding can occur in as little as a couple of days after the receipt of the credit application and invoices.
What is Accounts Receivable Factoring?
People consider the accounts receivable factoring
discount a small cost of doing business. A two-three-percent factoring accounts receivables discount for a 30-day invoice is common. Compared with the problem of not having cash when you need it to operate, the receivable credit line financing discount is negligible. Look at the factoring company collecting the accounts receivables discount as though your business had offered the customer a discount for paying cash. It works out the same.
Receivable Factoring Company vs. Bank Loans
Factoring financing has been around for thousands of years. Factoring companies pay cash for the right to receive the future payments on your receivables and invoices. An unpaid accounts receivable or invoice has credit value. It is a debt your customer has agreed to pay in the near future.
So, why not simply go over to the friendly banker for an account receivable loan to alleviate cash flow problems? A small business loan can be difficult if not impossible to receive, especially for a young, high-growth operation, because small business money bankers are not expected to decrease lending restrictions soon. The relationships between businesses and their small business bankers are not as strong or as dependable as they used to be.
Every staffing company has a unique situation.However, meeting payroll presents a constant and significant challenge to staffing agencies. Meeting payroll is the highest priority for staffing agency and temporary staffing company owners, as they all know that a paid employee is a productive employee.
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Most
business bankers are a good referral source for reputable factoring
companies. Bankers refer to an account receivable factor
because they realize that although the customer may not be bankable at the time
of the referral, in a short time it could be a viable candidate for
conventional financing. As a short term financing solution, an account receivable factor
relationship generally run from 6 months to a couple of years.
OUR PROVEN
FACTORING PROGRAMS
HELP BOOST YOUR CASH PROFITS
Contact our
factoring specialists at:
Toll Free:
888-266-0197
On-Line Factoring
Request Form
Accounts Receivable Factor Benefits
Our Account Receivable Factor programs can help those firms that banks often find difficult
to approve such as start-up companies whose growth outstrips cash. The primary focus in a factor relationship
is the credit-worthiness of the customers being invoiced and the client’s
ability to produce a quality product or service. Simply put, if the business has an
acceptable product or service that it provides to a creditworthy customer then
the business is a candidate for Account Receivable Factor programs
More about Account Receivable Factor Loans
While traditional small business bank loan sources provide the least expensive rate on money lent, their requirements and repayment terms can become overwhelming should a business have any unforeseen changes in revenue. Many small business owners consider interest charges only a small part of the “true cost” of a small business bank loan.
freight factoring
account receivable factoring
invoice factoring