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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....
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Bonafide Invoices with
services being performed and completed or goods being
verifiably delivered.
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Clear UCC with your
accounts receivable not being pledged for any current loan
from a previous lender.
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Continuity with at least
$10,000 per month of volume being available for sale to your
factor.
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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. |