The Best Factoring Companies Often Do Things A Bit Differently

When a business needs cash, several options are usually available. Companies that elect to factor their outstanding invoices for that cash must first determine which are the best factoring companies to choose from. Simple proposition? Not really.

Out of the sea of factoring companies out there, at first glance, it might be difficult to determine which is the best. When creating the proverbial checklist, we can start by asking the question every business does: "How soon will we get our cash?" The best factoring companies provide approval within 24 hours and funding the same day. Here's a list of what a business should expect from its factoring company:

1- Low discount rates.
2- High advance rates.
3- Approval within 24 hours after a simple, one-step approval process.
4- Same day funding.
5- Your money NOT held in escrow. Weaker factoring companies hold a portion of the client's money in an escrow account.
6- NO fees except for a simple discount fee. No funding fees, processing fees, underwriting fees or any other hidden fees.
7- Hybrid factoring that allows client complete control.
8- Approval that is NOT based on your personal or business credit scores.
9- 24/7 customer service from experts. Clients are never forwarded to a call center.
10- Instantaneous 24/7 account reporting in real time.

If your factoring company doesn't provide all of this, and more, you would be wise to search out another company.

FACTOR KING^® is proud to be one of only a handful of factoring companies that offer all of the above. And more.

Our relationship with all our clients is very strong, and we are considered to be one of the premier factoring companies in the industry. We continue to provide our clients with much needed cash, helping them when they need help most.

Learn more about factoring your invoices for immediate cash.
Apply now!

About Us

FACTOR KING^® is a direct financial service provider that specializes in the Factoring of invoice receivables for companies that maintain commercial accounts receivables. Simply put the only criteria is that your receivables be from other businesses. >> READ MORE

The Top 5 Reasons to Factor

Just the other day the question came up again- Why factor invoice receivables? Well the answer is easy. In fact there are 5 easy answers that I can think of off the top of my head. So here goes:

Reason number 1 is that factoring is the fastest and easiest process compared to all other forms of obtaining capital. In fact cash is normally received within 24 Hours or less. That is if your factor is on the ball.

Reason number 2 is that factoring enables you to add capital to your business in a non-loan format. In other words "Debt-Free"

Reason number 3 is that factoring reduces the stress caused by not having enough cash to meet business and other obligations. This one is reason enough to factor your invoice receivables.

Reason number 4 is that factoring is based on the financial strength of your customers, and not your personal FICO score and/or business credit score.

Reason number 5 is that factoring enables you to concentrate on important parts of your business instead of collecting money from your customers.

Of course the list goes on and on. Such as: Factoring provides consistent weekly cash flow to allow for better panning and growth. Factoring reduces administrative costs associated with collection activities. Factoring enables you to take advantage of vendor discounts. etc.. 

So there you have it. If you are not factoring your invoices you could be selling yourself short!

A New Way to Think about Sales

Maybe it's time to take a different approach. Maybe we need to seriously analyze our sales thinking so we can identify why we're not making more sales. Take a look at the table below and thinkabout your current selling mindset. How would your selling behaviors change if you changed your sales thinking?

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