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OUR PROVEN
FACTORING PROGRAMS
HELP BOOST YOUR CASH PROFITS
Contact our factoring specialists at:
Toll Free:
888-266-0197
On-Line Factoring
Request Form
Email Us
Hear What
Our Customers
Say About
Us
What It Takes To Switch Factoring
Companies
More Staffing factoring Information
The
Benefits
Factoring
can offer many benefits to cash-hungry staffing and other companies. Rather than wait 30, 60, 90
days or longer for payment on a product or service that has already been
delivered, a business can factor (sell) its receivables for cash at a small
discount off the amount of the invoice.
Payroll,
marketing efforts, and working capital are just a few of the business needs
that can be met with this instant cash.
Staffing Factoring
account receivables provides the means for a manufacturer to replenish inventory and make more
products to sell: There is no longer a need to wait for earlier sales to be
paid. Factoring is not just a cash management tool for manufacturers: Almost
any type of business can benefit from factoring.
Generally,
a business that extends credit will have 10 to 20 percent of its annual sales
tied up in accounts receivable at any given time. Think for a moment about how
much money is tied up in 60 days’ worth of invoices: You cannot pay the power
bill or this week's payroll with a customer's invoice, but you can sell that
invoice for the cash to meet those obligations.
Factoring
for staffing companies is a fast and easy process. The factor buys the invoice at a discount, usually
a few percentage points less than the face value of the invoice.
Whether
you are a machinist operating out of a garage or a staffing company placing
hundreds of workers in the largest firms, you undoubtedly face cash
flow dilemmas from time to time. The
uncomfortable ritual of making incoming cash receipts stretch to cover short
term obligations frustrates even the most seasoned business managers.
In recent years, an increasing number of
businesses have discovered that factoring accounts receivable can combat the
ups and downs of unpredictable cash flow cycles. More importantly, factors are providing the
small business community with a viable source of working capital when
conventional financing is not always an option
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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% Staffing 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 accounts receivable 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
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