FACTOR KING® gives you the ability to determine those customers you would like factored and which invoices you want funded. The option is always yours, your decision- your way.
When working with FACTOR KING®, you will have the cash to expand your business to the next level. FACTOR KING® remains on call 24/7 to provide you with the fastest possible form of funding.
Knowing you will receive funds from FACTOR KING® allows you to balance your financial obligations. Spend your time growing your business. Concentrate on building not juggling.
FACTOR KING® reduces the liability your business takes by lowering bad debt risks. Our world class credit department works along side you to help you establish client credit limits and terms.
With FACTOR KING'S automated online system you have the ability to manage accounts & submit invoices 24/7. Our online system has been built from the ground up to allow you continuous access.
All FACTOR KING® clients receive personal and professional support on analyzing customer accounts. By utilizing proprietary algorithms that have been developed in house FACTOR KING® gives you the solutions necessary to succeed in today's environment.
Unlike competitors, FACTOR KING® guarantees the no extra charge concept. What you see is what you get. Finally a factor that understands that your financial health is key to our success.
Working with FACTOR KING® gives you a partner who will share your accomplishments without the burden of meeting monthly factoring minimums and long term contracts.
FACTOR KING® specializes in purchasing invoice receivables. Concentrating our efforts enables us to be recognized as a top ranked industry leader. Partner with FACTOR KING® today, your first step to financial success.
FACTOR KING® gives you access to key financial reports 24/ 7 enabling you to concentrate on your business. Information is power and FACTOR KING® always delivers with our world class A/R reporting platform. Call a FACTOR KING® specialist today for a free demonstration.
Monday, October 19, 2009 What does your FICO score mean? FICO stands for Fair Isaac Corporation and is an evaluation of the risk that you will go late on a credit obligation. The scoring system is based on extensive research of payment habits and patterns. As with any system that evaluates potential risk, it is not 100 percent accurate nor is it 100 percent fair. However it is correct more often than not.
Monday, September 28, 2009 In January 2008 Inc. Magazine, "Short on Cash?" in the Finance: Cash Flow column, the point was made that a factoring discount was an equivalent annual interest rate of 12 times the factoring discount rate. This hypothetical 12 times interest rate is then compared to a bank loan at a competitive annual rate. For the article this meant that a monthly factoring discount of 2% is equivalent to a 24% annual interest rate. This is really a misleading comparison of apples and oranges. In reality a 2% factoring discount rate is equivalent to a 2% annual interest rate, but to understand it we need to go into some detail.
Monday, September 7, 2009 Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier’s accounts receivable and not the supplier’s overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims, because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, we find that creditor rights are not related to factoring. This paper also discusses “reverse factoring”, which is a technology that can mitigate the problem of borrowers’ informational opacity in business environments with weak information infrastructures if only receivables from highquality buyers are factored. We illustrate the case of the Nafin reverse factoring program in Mexico and highlight how the use of electronic channels and a supportive legal and regulatory environment can cut costs and provide greater SME services in emerging markets.
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