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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% Factoring Company 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
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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We offer tailored processing systems
You can
choose to use the latest in technology- based processing systems or the
old-fashioned paper-based ones or a combination.
Unlike the others
we don't force you into a box
We will tailor
our financing programs to help you make more
cash.
Unlike the others you get to choose what works best
for you.
We can do this because we have the
knowledge,experience, systems, and one-of-a-kind financing that is unique
in the factoring industry.
Factoring
vs. Bank Loans
So,
why not simply go over to the friendly banker for a loan to alleviate cash flow
problems? A loan can be difficult if not impossible to receive, especially for
a young, high-growth operation, because bankers are not expected to decrease
lending restrictions soon. The relationships between businesses and their
bankers are not as strong or as dependable as they used to be.
The
impact of a loan is much different than that of the factoring process on a
business. A loan places a debt on your business balance sheet, which costs you
interest. By contrast, factoring puts money in the bank without the creation of
any obligation. Frequently, the factoring discount will be less than the
current loan interest rate.
Loans
are largely dependent on the borrower's financial soundness, whereas factoring
is more interested in the soundness of the client's customers and not the client's
business itself. This is a real plus for new businesses without established
track records.
There
are many situations where factoring can help a business meet its cash flow
needs. It provides a continuing source of operating capital without incurring
debt, which can result in growth opportunities that dramatically increase the
bottom line. Virtually any business can benefit from factoring as part of its
overall operating philosophy.
Every
good businessperson must understand the concept and benefits of account receivable factoring in
order to operate as profitably as possible. The following chart can help you
understand the differences between factoring and other sources of funding.
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