Business Invoice Factoring

 


















 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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More About Invoice Factoring
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Historically, the bulk of factoring was predominately in the textile, furniture and apparel industries.
  Today, factoring firms are working with all types of industries, including: manufacturers, service providers, transportation companies and high technology firms.  Locally, as growingPuget Sound firms continue to prosper, suppliers and contractors are looking for additional sources of working capital to accommodate increased sales volume. 

 

The overall increase in invoice factoring volume is mainly attributed to the credit crunch in the late 80s.  As the availability of bank commercial credit tightens, more businesses look towards alternative sources of financing to achieve growth. 

 

The difference between account receivable factoring and other sources of financing is that the factor actually purchases and tracks commercial invoices.  In addition to providing immediate cash on invoices, the factor performs valuable credit analysis on new and existing customers and conducts professional, routine follow up on invoices as they become due.  

 

For the business manager who spends a good portion of the day collecting, bookkeeping and searching for capital, the entire factoring package offers peace of mind.  The manager can actually focus on important aspects of the business that are often pushed aside, such as marketing and production.

 

Depending on the agreement, businesses can pick and choose which invoices they wish to sell to the factor, who immediately advances eighty percent or more of the face value of the invoices.  The balance of the funds, less the discount fee, is released once the invoice is collected.  

 

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%  Business Invoice Factoring 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

 

 

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