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Did You Know?
Your in good company.  Factoring is one of the most commonly used and popular forms of commercial finance worldwide with purchase volumes of nearly $1.4 trillion annually.

International
Factoring...

is now commonly used to finance cross-border trade without the need for letters of credit.

The Associated Cost of Factoring...
has dropped dramatically over the years with today's costs of financing your invoices payable in 30 days or less being about the same as accepting a credit card.

Small Business
Factoring Arrangements...

can usually be put in place in less than 7 days and will automatically grow with your company avoiding the necessity to constantly refinance.
 

 

 

Copyright 2008 Datamax Marketing Systems.  All rights reserved.

Flexibility and Ease of Access Makes Factoring the Most Powerful Form of Small Business Finance

   

Invoice Factoring and Your Business
     Factoring is easily the most accessible form of commercial finance for literally millions of business owners and is used throughout the world to provide immediate financing for accounts receivable when customers demand 30, 45, even 60 day terms of payment or longer.  By employing a factoring arrangement, you will receive immediate advance payment for services or goods as they are performed or delivered, eliminating working capital shortages for payroll and payments to suppliers.

Is Your Company Qualified?
    
One of the strongest characteristics of factoring is its availability to even the newest startup companies.  Once found exclusively in the garment and textile industry, factoring arrangements are now common to companies in all sectors of the economy.  Generally to qualify for factoring, your company must simply have....

  • Bonafide Invoices with services being performed and completed or goods being verifiably delivered.

  • Clear UCC with your accounts receivable not being pledged for any current loan from a previous lender.

  • Continuity with at least $10,000 per month of volume being available for sale to your factor.

  • A Profit Margin of 15% or higher on sales.

  • Sales to a majority of creditworthy customers.

What About My Company's Credit?
       Unlike banks and traditional lenders, most factors are not overly concerned with your company's credit history or lack thereof.  They will be more focused on the credit of those you sell or provide to services to...your customers.  This makes factoring the perfect method of financing for startups, disadvantaged business enterprises, and those in the first stages of business life.

How Do I Find Out If My Company Qualifies?
      
To find out if your company qualifies for factoring and to receive a confidential assessment of fees, simply complete our confidential Company Profile and return it via fax to our offices at (239) 274-7994.  A DMS Wholesale underwriter will be in contact with you within 24 hours to discuss fees, account setup, and to answer any questions you may have regarding your new factoring facility.

How Can I Find Out More?
    
Factoring service arrangements have so gained in popularity nationwide, DMS now makes available its free publication, "When Banks Say NO!...The Small Business Guide to Factoring" to assist small and mid-size business entrepreneurs in learning more about the substantial benefits offered by this most powerful form of commercial finance.  To order your complimentary copy, simply complete the booklet request form in our application area.