Our Factoring Company Locations

Factoring Companies by City

New York City
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City

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Minneapolis
Cleveland
Wichita
Arlington

 

New Orleans
Bakersfield
Tampa
Honolulu
Anaheim
Aurora
Santa Ana
St. Louis
Riverside
Corpus Christi
Pittsburgh
Lexington Fayette
Anchorage
Stockton
Cincinnati
St. Paul
Toledo
Newark
Greensboro
Plano
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Lincoln
Buffalo
Fort Wayne
Jersey
Chula Vista
Orlando
St. Petersburg
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Chandler
Laredo
Madison
Durham
Lubbock
Winston Salem
Garland
Glendale
Hialeah
Reno
Baton Rouge
Irvine
Chesapeake
Irving
Scottsdale
North Las Vegas
Fremont
Gilbert town
San Bernardino
Boise
Birmingham
Rochester
Richmond
Spokane
Des Moines

 

Factoring Companies by City

 

Modesto
Fayetteville
Tacoma
Oxnard
Fontana
Columbus
Montgomery
Moreno Valley
Shreveport
Aurora
Yonkers
Akron
Huntington Beach
Little Rock
Augusta
Amarillo
Glendale
Mobile
Grand Rapids
Salt Lake City
Tallahassee
Huntsville
Grand Prairie
Knoxville
Worcester
Newport News
Brownsville
Overland Park
Santa Clarita
Providence
Garden Grove
Chattanooga
Oceanside
Jackson
Fort Lauderdale
Santa Rosa
Rancho Cucamonga
Port St. Lucie
Tempe
Ontario
Vancouver
Cape Coral
Sioux Falls
Springfield
Peoria
Pembroke Pines
Elk Grove
Salem
Lancaster
Corona

 

 

 

Eugene
Palmdale
Salinas
Springfield
Pasadena
Fort Collins
Hayward
Pomona
Cary
Rockford
Alexandria
Escondido
McKinney
Kansas City
Joliet
Sunnyvale
Torrance
Bridgeport
Lakewood
Hollywood
Paterson
Naperville
Syracuse
Mesquite
Dayton
Savannah
Clarksville
Orange
Pasadena
Fullerton
Killeen
Frisco
Hampton
McAllen
Warren
Bellevue
West Valley City
Columbia
Olathe
Sterling Heights
New Haven
Miramar
Waco
Thousand Oaks
Cedar Rapids
Charleston
Visalia
Topeka
Elizabeth
Gainesville

 

 

 

Thornton
Roseville
Carrollton
Coral Springs
Stamford
Simi Valley
Concord
Hartford
Kent
Lafayette
Midland
Surprise
Denton
Victorville
Evansville
Santa Clara
Abilene
Athens
Vallejo
Allentown
Norman
Beaumont
Independence
Murfreesboro
Ann Arbor
Springfield
Berkeley
Peoria
Provo
El Monte
Columbia
Lansing
Fargo
Downey
Costa Mesa
Wilmington
Arvada
Inglewood
Miami Gardens
Carlsbad
Westminster
Rochester
Odessa
Manchester
Elgin
West Jordan
Round Rock
Clearwater
Waterbury
Gresham

 

 

 

Fairfield
Billings
Lowell
Ventura
Pueblo
High Point
West Covina
Richmond
Murrieta
Cambridge
Antioch
Temecula
Norwalk
Centennial
Everett
Palm Bay
Wichita Falls
Green Bay
Daly City
Burbank
Richardson
Pompano Beach
North Charleston
Broken Arrow
Boulder
West Palm Beach
Santa Maria
El Cajon
Davenport
Rialto
Columbia
Lansing
Fargo
Downey
Costa Mesa
Wilmington
Arvada
Inglewood
Miami Gardens
Carlsbad
Edison
Las Cruces
San Mateo
Lewisville
South Bend
Lakeland
Erie
Woodbridge
Tyler
Pearland
College Station

 

 

 

 

 

 

 

Albany
Allegheny
Brooklyn
Camden
Canton
Dearborn
Duluth
Fall River
Flint
Gary
Hammond
Kenosha
Livonia
Lynn
Macon
New Bedford
Niagara Falls
Parma
Portsmouth
Reading
Roanoke
Scranton
Somerville
St. Joseph
Trenton
Utica
Wilmington
Youngstown
   

 

 

 

 

 

 

 

 

 

Small Business Financing Companies

 

 

Small Business Investment Companies (SBICs)

Over forty years ago an entrepreneur looking for the capital to launch a small business had very few sources to turn to. There was no institutional resource to back up promising but untried ideas. Again and again, businesses with great potential for innovation failed – or never got off the ground.


To help solve this problem, in 1958 Congress created The Small Business Investment Company (SBIC) program. SBICs, licensed by the Small Business Administration, are privately owned and managed investment firms. They are participants in a vital partnership between government and the private sector economy.


With their own capital and with funds borrowed at favorable rates through the Federal Government, SBICs provide venture capital to small independent businesses, both new and already established.


 

National Small Business Week Kicks Off Amid Rancor and Criticism (INC)

National Small Business Week unfolds against the backdrop of a suddenly unfriendly Washington D.C.
Small businesses are critical to the U.S. Economy, creating half of all private sector jobs and half of our gross domestic product.
In celebration of their significance, the agency charged with encouraging the growth of U.S. Small businesses is kicking off National Small Business Week on Monday. But the festivities come amid a vocal bipartisan pushback against the Small Business Administration and its programs, where both sides of the aisle have voiced concern about allegedly unauthorized spending in recent years, particularly on fast-growth companies that appear to need no assistance.
The fear that the agency is not fulfilling its pledge to assist truly small businesses in the federal contracting process has also been raised, and Congress has threatened to trim $50 million from SBA’s already curtailed budget of $710 million for the current fiscal year.
"Similar to previous years, the SBA continues to support initiatives that lack a specific statutory authorization," Ranking Member Nydia Velazquez (D., N.Y.) told the House Small Business Committee in March. Velazquez more recently lambasted the SBA for offering mini-MBA programs online to companies with $400,000 in annual revenues, noting …

Square Now Offering Cash Advances to Small Businesses – Fox Business

Fast CompanySquare Now Offering Cash Advances to Small BusinessesFox BusinessSince the financial crisis, the small business credit crunch has attracted a growing number of companies. Last September, PayPal started offering small business customers cash advances equal to up to 8% of their annual PayPal sales, with between 10 …Square Capital: Small Business Financing That You Pay Back With SwipesFast CompanySquare Begins Lending to Small BusinessesPaymentsSourceSquare’s New Business Strategy: Lend Money to Small
BusinessesMashableFinancial Times -BestTechieall 64 news articles »

FreshBooks and Fundbox Take Outstanding Invoices and Put Money in the Bank

FreshBooks, the #1 cloud accounting solution designed exclusively for small business owners, and Fundbox, the data-driven risk engine built to accelerate cash flow, today announced that the companies have partnered to deliver a seamless financing experience for small business owners.

Questions and Answers

 

You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration Http://www.sba.gov/financing than a government grant. Read the SBA Financing page to learn about criteria needed for borrowingIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for starting a for-profit business.

One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs Http://www.sba.gov/aboutsba/sbaprograms/… , which fund the research and development of technological innovation that meets specific government needs.

Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups — minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include

 

"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See Http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) Http://www.cfda.gov and Grants.gov Http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

Here is a listing of federal grants for small

businesses. See if there is any available for individuals for starting a business — THERE’S NONE.

Http://12.46.245.173/pls/portal30/CATALO…

Most of the federal grants are given to specific target groups with specific requirements (e.g. Minority business owners involved in transportation related contracts emanating from DOT – Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women’s Business Ownership Assistance that are given to those who will create women’s business center that will train women entrepreneurs

For private grants, you may want to check the Foundation Center’s Foundation Grants for Individuals Online Http://gtionline.fdncenter.org . It’s a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don’t have listings of private foundations who give grants to would-be entrepreneurs.

Small business financing strategy,

 

You can apply for a SBA loan,

 

The SBA has various types of small business loans. The Basic Loan Guaranty program is designed for those small businesses who will not get the loans from the lenders. These loans are disbursed by the commercial lenders with SBA acting as a guarantor. The Certified Development Company (CDC) Loan Program is ideal if you want to buy a property or machinery to expand or modernize your existing operations. This is a long-term loan with a fixed-rate of interest. You need to contribute
10% of the amount as equity. The micro loan program is a short-term loan with limit not more than $35,000. You can use it as a source of funding for working capital and inventory or non-profit childcare centers. However, you cannot use it to clear your existing dues. The loan prequalification program allows you to get your application reviewed and approved by the SBA before going to lenders. The limit for this program is $250,000.

 

Small Business Startup?I am looking to open a small business and need some information on small business loans and/ or grants available. Can anyone direct me to a good resouce for this information. I am a minority female and have been told that there a many grants out there available to me but I don’t know where to begin. Any help is appreciated.

http://factoringfinancing.org/accounts-r…

 

 

 

Account Receivable Loans

 


What exactly are accounts receivable loans?



 

accounts receivable loans

 


Answered

Basically, a business will use it’s receivables as collateral on a line of credit. Many times banks will give better rates on this type of loan because it is secured.

 



This type of loan helps companies free up capital that is stuck in accounts receivables. Accounts receivable loans transfer the default risk associated with the accounts receivables to the financing company; this transfer of risk can help the company using the financing to shift focus from trying to collect receivables to current business activities.

What is the accounting entry for booking cash received as a loan

Debit Cash; Credit Loan Payable


Accounts Receivable Loans



Small businesses can use their accounts receivable as collateral for loans. This is known as pledging or factoring accounts receivable.

 

 

SBA Accounts Receivable Financing

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What is Accounts Receivable Financing?

Accounts receivable are the funds owed to a business but not in-hand just yet. If you have outstanding invoices to customers or clients, you may be able to sell the accounts receivable at a rate lower than what is owed to the business to get cash in hand now. By selling these invoices owed to the business, the business gets working capital now, and the lender is able to collect at the full balance owed. The lender profits from this.

7(a) SBA Loan Program

The 7A loan program offers financial help to borrowers where a traditional bank loan is not available. The loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business.

504 SBA Loan Program

The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing at below market rates. The 504 Loan Program is designed to provide financing for the purchase of fixed assets; typcially real estate, buildings and machinery.

Before you start thinking that an SBA loan is perfect for your small business, let’s examine the loan requirements a little more thoroughly. First, when banks act alone, they are free to underwrite their loans in any way it make sense to them, provided they don’t run afoul of the regulators. Generally, if a bank wants to lend a borrower 80% of the value of a new truck, the bank will usually secure the loan only with the vehicle’s title. No additional collateral is necessary. But a bank that is relying on an SBA guaranty for additional security has to play by SBA rules. The loan, while easier to qualify for, may be much more restrictive when it comes to its terms.

To generate the most working capital, consider factoring accounts receivable rather than borrowing against them. Not only is factoring fast, flexible, and more affordable than you’d expect, but as you experience growth in your accounts receivable, there is no nasty confrontation with a banker when you need additional funds. As your eligible receivables grow, so does the amount of cash available to your company. In factoring, there are no loan committees, regulators, government bureaucrats or auditors determining your fate. Access to cash is fast and premised only on the quality of your customer’s credit—not yours.

 

Many times, the need for working capital is necessary in a small business. Obtaining new sources of income is not always the need. Rather, cashing in on funds owed to the business may be a better option. Accounts receivable financing allows a business to manage cash flow limitations. However, before making this investment, a small business owner needs to understand what the implications of doing so really are.

How Much Financing Will This Give You?

The amount given to the business from the financing company depends on many factors. One of the most important factors is the age of the invoice. Invoices that are current, as in less than 30 days, will net the highest amount. Invoices that are more than 90 days due are commonly not financed by most lenders. This is due to the risk involved in these invoices.

 

 

 

What is Accounts Receivable Financing?

A type of asset-financing arrangement in which a company uses its receivables – which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. The age of the receivables have a large effect on the amount a company will receive. The older the receivables, the less the company can expect. Also referred to as “factoring”.

 

 

 

http://factoringfinancing.org/accounts-r…

Accounts Receivable Lending

What is Accounts Receivable?

Answer

Accounts receivable is a list of clients or customers and how much they owe your company. If you sell books and a client orders 10 books on credit with your company, then the amount they owe you would be added to your accounts receivable list.

A business’ accounts receivable is the money that is owed to them for goods or services provided. Many businesses will provide their goods or services and extend credit to their customers, it is this outstanding money that is accounts receivable.

Questions and Answers

What exactly are accounts receivable loans?

Answered First
Basically, a business will use it’s receivables as collateral on a line of credit. Many times banks will give better rates on this type of loan because it is secured.

What is Pledging Accounts Receivable Pledging, or assigning, accounts receivable means that you essentially use your accounts receivable as collateral to obtain cash. The lender has the receivables as security, but you, as the business owner, are still responsible for the collection of the debts from your credit customers. A lender looks at the aging schedule of a business firm’s accounts receivables in determining which ones to accept as collateral. Usually, the lender only accepts those receivables that are not overdue. Overdue accounts don’t make good collateral. Also, if a customer has credit terms extended to them that the lender thinks are too long, the lender may not accept those particular receivables either. After examining a company’s receivables for overdue accounts and terms the lender doesn’t like, the lender then determines what amount of the company’s receivables they will accept. After that, the lender will typically adjust that amount for returns and allowances. At that point, they will decide what percentage of the value of the acceptable receivables they will loan and make the loan to the small business. The percentage they will loan is usually around 75-85%. Here’s an example of how a lender evaluates a small business firm’s accounts receivables to determine how much of a loan they will make. If the small business defaults on the loan, the lender then takes over the company’s accounts receivables and collects on the debts themselves.

What is loans receivable?

Business & Finance Supervisor
The expected payment of a loan, it is an asset account. When you loan money you debit loans receivable and credit cash (both assets) When you receive the payment for the loan you debit cash and credit loans receivable.

http://factoringfinancing.org/accounts-r…

Accounts Receivables Financing

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Form of secured lending giving businesses short-term financing by selling their trade receivables or pledging receivables as collateral for a loan. Direct sale of accounts receivable is a nonrecourse type of financing called Factoring. An accounts receivable loan from a bank is a Discount: the borrower draws against a line of credit that is less than the full dollar value of his trade credits. Accounts receivable financing is a rather flexible way of obtaining credit, since borrowers’ financing costs are directly related to their business cycle. Receivables financing is often priced at spreads above the bank Prime Rate and is relatively expensive compared to other forms of credit.

A type of asset-financing arrangement in which a company uses its receivables – which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. The age of the receivables have a large effect on the amount a company will receive. The older the receivables, the less the company can expect. Also referred to as “factoring”.

Risk Information Analyst Job

. We offer a full range of Accounts Receivable management capabilities, including financing and servicing solutions through our world class people, processes and technologies With over 55B receivables purchased annuall.

What is accounts receivable financing?

Answered Last
It is a method used by businesses to convert sales on credit terms for immediate cash flow. Financing accounts receivable has become the preferred financial tool in obtaining flexible working capital for businesses of all sizes. The receivable credit line is determined by the financial strength of the customer.

What are the benefits of account receivable financing?

Answered First
One benefit of account receivable financing is that you can have a quicker cash flow. Another benefit is that it allows you to focus on your business.
Is cash proceeds from sale of accounts receivables Operating, Investing or Financing Cash Flow? Thank you.?

Accounts receivable (A/R) is one of a series of accounting transactions dealing with the billing of customers who owe money to a person, company or organization for goods and services that have been provided to the customer. In most business entities this is typically done by generating an invoice and mailing or electronically delivering it to the customer, who in turn must pay it within an established timeframe called credit or payment terms.

An example of a common payment term is Net 30, meaning payment is due in the amount of the invoice 30 days from the date of invoice. Other common payment terms include Net 45 and Net 60 but could in reality be for any time period agreed upon by the vendor and client.

While booking a receivable is accomplished by a simple accounting transaction, the process of maintaining and collecting payments on the accounts receivable subsidiary account balances can be a full time proposition. Depending on the industry in practice, accounts receivable payments can be received up to 10 – 15 days after the due date has been reached. These types of payment practices are sometimes developed by industry standards, corporate policy, or because of the financial condition of the client.

On a company’s balance sheet, accounts receivable is the amount that customers owe to that company. Sometimes called trade receivables, they are classified as current assets. To record a journal entry for a sale on account, one must debit a receivable and credit a revenue account. When the customer pays off their accounts, one debits cash and credits the receivable in the journal entry. The ending balance on the trial balance sheet for accounts receivable is always debit.

Business organizations which have become too large to perform such tasks by hand (or small ones that could but prefer not to do them by hand) will generally use accounting software on a computer to perform this task.

Associated accounting issues include recognizing accounts receivable, valuing accounts receivable, and disposing of accounts receivable.

http://factoringfinancing.org/accounts-r…

Accounts Receivable Loans

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What exactly are accounts receivable loans?

What Is the Difference Between an Accounts Receivable Loan & a Working Capital Loan?Two parts make up a company’s capital structure: debt and equity. However, there are other ways to obtain capital. One of those ways is selling non-critical asset, such as an accounts receivable loan. A form of debt capital is a working capital loan.

Accounts Receivable Loan

  • An accounts receivable is created when a company sells a service or good on account, and no payment is received. The seller agrees that the buyer will provide payment within a certain time frame. An accounts receivable loan is selling the processing of the accounts receivable and receiving upfront cash for it, which provides capital for a company if it is need of it. The only downside is that there are fees associated with selling accounts receivables, and those could cut into the profitability of a company

Using your accounts receivable, or your customers’ credit accounts, to obtain financing for your small business, is another method of raising money for working capital needs. Both accounts receivable financing and inventory financing are usually used for quick, short-term loans when it is not possible to obtain a short-term loan from a bank or other financial institution. Both are used to raise working capital or the money you use for your daily operations.

Accounts receivable financing or factoring can also be used as an alternative to bank financing.

Answered First
Basically, a business will use it’s receivables as collateral on a line of credit. Many times banks will give better rates on this type of loan because it is secured.

http://factoringfinancing.org/accounts-r…

Invoice Financing Companies

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So what is Invoice Finance?

Invoice Finance is like a cash advance on your unpaid sales invoices.

You get an advance as soon as you raise an invoice, even if it takes your customer much longer to actually pay.

Once they pay you get the rest of the money, minus the fee for the advance.

It’s not the same as a loan – you’re simply getting access to the cash you’ll be paid early on.

Pros

Pros

  • Flexible – generally grows with the business in line with turnover
  • Good for growing companies
  • Releases cash tied up in the asset of the business
  • Factoring can help if you struggle or don’t have time to collect outstanding monies
  • Overpayments can be requested at relatively short notice to assist with unforeseen cash flow problems.

When a business enters into an invoice discounting arrangement, the finance company will allow the business to draw down a percentage of the outstanding sales invoices – usually in the region of 80%. It is possible to achieve a full 100% advance rate but this is typically only seen within the recruitment industry. As customers pay their invoices, and new sales invoices are raised, the amount available to be advanced will change so that the maximum drawdown remains at the agreed percentage of the sales ledger.

The finance company will charge a monthly fee for the service, and interest on the amount borrowed against sales invoices. In addition, the finance company may refuse to lend against some invoices, for example if it believes the customer is a credit risk, sales to overseas companies, sales with very long credit terms, or very small value invoices. The lender will require a fixed charge over the book debts (trade debtors) of the business as security for the funds it lends to the business under the invoice discounting arrangement.

Responsibility for raising sales invoices and for credit control stays with the business, and the finance company will often require regular reports on the sales ledger and the credit control process.

Soldsie fetches $4 mln Series A (pehub)

Soldsie**, a San Francisco-based social selling service, said Thursday that it has secured $4 million in Series A funding. **First Round Capital** led the round with participation from **SoftTechVC, Lerer Ventures, Correlation Ventures, Great Oaks Ventures, e.Ventures, 500 Startups** and various angels.

Small Business of the Week: Chris Fry Consulting – Liverpool Echo

Liverpool EchoSmall Business of the Week: Chris Fry ConsultingLiverpool EchoHe got the idea for his business several years ago, recognising that most small firms aren’t able to afford a full-time finance director. Originally from … Most people have a few months of costs before they can invoice clients and some fail before …

First Capital Announces $100 Million Of New Credit Lines Originated In 2014

NEW YORK, May 22, 2014 /PRNewswire/ – First Capital, a commercial finance company with a national presence, announced it has originated 14 deals with $100 million of new credit lines in 2014.  Working capital lines of credit were extended to small and medium-sized businesses in distribution, food & beverage, professional services and oil & gas industries. Deals were originated by market offices …

Questions and Answers
What is invoice discounting? And how does it works?

Posted by Exp
Invoice discounting is a form of financing wherein you sell your claim to companies willing to purchase it in advance lower than the face value. For example you have a claim of 500 pounds to the UK government, claimable on December 2006 but you are in dire need of cash as of the moment. Invoice discounting works in a way that you sell your claim to a company who would like to purchase it lower than 500 pounds.
Invoice discounting works best to companies who have claims to the government or well established companies.

 

http://factoringfinancing.org/accounts-r…

Receivables Financing Factoring

 

 

 

Factoring accounts receivable

occurs when a  company takes amounts people owe the company and gives them to another company in exchange for cash. Factoring is either with recourse or without recourse. Factoring with recourse treats the accounts receivable as either collateral or a sale. If it is a sale, then the uncollected receivables must be estimated, the company gives up control of the receivables, and the company cannot reacquire the receivable. Factoring with recourse
as sales and factoring without recourse are accounted for the same way. If the accounts receivable is used as collateral, the only disclosure is a note.

 

factoring accounts receivable

 

Accounting for factoring receivables is not complicated once you establish the appropriate accounts and understand how factoring works. Factoring is when a company sells the right to collect on its invoices in exchange for an up-front payment. This is useful if you are in need of cash to fund operations and cannot wait to collect on trade credit

 

 

What Can I Expect to Be Paid? How Long Does It Take to Get My Money?
Factoring companies pay based on (1) the length of time the receivables have been outstanding, (2), the number of receivables, and (3) the credit ratings of your customers. The factor will review your receivables and give you an initial amount, probably no more than 80 percent on the total, within a few days. Then they
will charge a fee for the actual collections of 2% to 6%, depending on how difficult the receivables are to collect