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-- -- Skip to Content Toggle navigation New York City Factoring Companies Contact About Factoring Factoring Company Benefits How a Factoring Company works Is A Factoring Company For You Why A Factoring Company Factoring Company History Credit Risk Switching Factoring Companies About Us About Us Testimonials FAQs Trucking New York City Factoring Companies There Is A Big Difference in factoring Businesses All factoring firms give you cash for your company's accounts receivable. But , they are not all the same. With over 400 factoring firms to pick from, so how do you make your choice for the most helpful for your business? There are a few factoring firms that will really deliver you more than just cash. With some factoring firms, your business also gets stellar service and plans to further help improve your company's bottom line. Here's how to pick the most beneficial factoring company for your company. You're probably thinking, "I'm too busy for this!" We'll help you make this decision effortlessly. And you'll understand why over 45% of our new business comes from Client Referrals . Easily the top referral rate in the factoring industry. All the others don't come close! Call Now at 1-800-986-1859 Haven't heard of Factoring? For those who aren't familiar with Factoring, it is essentially a very fast way to get cash from your receivables. Factoring is Not a Loan When you give 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 make your choice for the most helpful factoring company FOR YOUR New York City company? All say they have the lowest rate plans in the business, no long-term contracts, fast- same day/same hour funding, no up-front fees, no monthly minimums or maximums and so on so on. We also deliver these same benefits, except we also PROVIDE EYE-OPENING SERVICE AND PLANS that other accounts receivable factoring businesses don't and can't. How can you prove this? The proof is, about half of our new business growth comes from client referrals. It's pretty well known that business clients don't give out referrals carelessly. After all the client's reputation is on the line, nobody wants to risk giving a bad referral; it can make you look bad. They make referrals to help their business friends. SEE WHY OUR CLIENTS HAPPILY RECOMMEND US. Let's cut to the chase,no other receivables factoring firm matches our level of A-list services and offerings. FINANCIALLY SOLID AS A ROCK We have been in the receivables factoring business since 1979, are privately owned, and have a formidable track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's booms and busts and having had these experiences, can lend a helping hand to get you through any hard times you might run into. We won't go out of business when the times get hard, like a handful of receivables factoring companies regretfully have in the past. PART OF AN ENORMOUS NETWORK All factoring companies have criteria for size, industry, and risk. It's pretty tough for you to know which receivables factoring firm is a suitable fit for you. By reaching out to us, we'll get to know your situation very quickly and help you find the best match for your company - it might be us or another receivables factoring company. We have a king-size network of receivables factoring industry colleagues, these trusted connections were built over 20+ years in the business. So, after you take the time to lay out your needs to us, you'll quickly see that we can help you find exactly what you need. No Minimum Most receivables factoring firms let you pick and choose your customers that you want to factor. But a few of them normally have a minimum amount prior to working with you. With us you can pick and choose which customers you want to factor on an invoice by invoice basis with no minimum. Our receivables factoring agreement is sort of like having a credit card in your pocket. You have it to use when you require it but don’t sign an agreement which will force you into receivables factoring when you don't require it. NO HIDDEN FEES Most receivables factoring firms fees are contorted. You'll need to rent some blood hounds to sniff out those fees. You can be sure, We are different . We are totally transparent about our fees. When you apply, you are provided a straightforward, no obligation rate proposal with the fee for your company. See which other factoring company, If any, will be that will be totally transparent with their fees before they try and get your business. HIGHER ADVANCE RATES An "advance" rate is the percent of the invoice face value that you’ll receive upfront. Accounts Receivable Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. For instance, if your customer owes you $1,000, you will receive an advance payment of $700 to $900 to your account. Our typical advance rates are higher than average - at 85-97% depending on industry and your customer payment track record. PERSONALIZED Some accounts receivable factoring businesses are funded by Wall Sreet investors. We are an independently owned company and don't take orders from investors and boards. Like you, we are like-minded business people and we have cleared many of the hurdles that a business encounters. We take the time to hear your story, determine struggles. Based on that information we will put together a custom-built solution for you. Most accounts receivable factoring businesses especially the Silicon Valley Fintech ones mostly depend on an algorithm to establish your company's funding program. Do you want to rely on an algorithm as a cash flow partner to fund your business? Dedicated Account Administrators Most receivables factoring firms have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. We operate differently, you get your own dedicated account administrator to be your point of contact – who knows your business inside out, and can assist you in ways the others just can't or don't want to be troubled. Honoring Your Client Relationships Don't forget the fact that the receivables factoring firm will be touching base with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is beyond compare. We have been in business since 1979 and have veteran staff who who have seen it all. Choose us not only for your sake but for the sake of your relationship with your customer too. Not only will you benefit from our superb service and real-world know-how, but so will your customers. Our Business is Your Business Together,we put in place a credit risk tolerance guideline to limit your customer write-offs. Further more we keep an eye on each invoice and follow them as your own credit and collections department would. Once they hit the due date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if required until payment is received. Payment Trend Alerts Our business credit monitoring systems allow us to jump on recent negative trends so that we can protect you from risky transactions. You have 24/7 access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection issues so to work on them right away. MOST RECENT CUSTOMER CREDIT HISTORY You get 24/7 direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – whatever works best for you. Kee...