Factoring, Invoice Factoring, Receivable Factoring, Factoring Companies, business line of credit, loan

Factoring Factoring is the purchase of accounts receivables at a discountAdvantages  Not a loan  Do not have interest  Faster to fund than traditional loans  All business will be qualified, including new businesses  No collateral required  Strengthens your balance sheet  It is not a debtConventional Factoring (other than construction or medical receivables)  Any U.S. entity selling to other businesses or government agencies  Selling terms of 90 days or less  Advance rate is generally 80% of invoice  Funds advanced to client within 24 hours of receiving invoiceConstruction Factoring  Applies to subcontractors billing to general contractor  Progress billing is permissible  Contracts cannot prohibit against assigning to 3rd party.  Advance rate is generally 70%Medical Receivables Factoring  Healthcare providers including physicians, chiropractors, dentists, home healthcare agencies, etc.  Receivables are from insurance companies, Medicare or Medicaid  Advance rates run between 70% - 85%  Medical supplies / instrument companies selling to hospitals or other providers are likely to be classified as conventional factoringWeb: www.BusinessAndFunding.com Twitter: www.twitter.com/BizAndFundingEmail: Info@BusinessAndFunding.com Youtube: www.youtube.com/user/bljunkWork: 626-606-1129 Blog: businesslineofcreditlosangeles.wordpress.comFax: 888-370-2926 Appt: businessandfunding.acuityscheduling.com/schedule.php

Factoring, Invoice Factoring, Receivable Factoring, Factoring Companies, business line of credit, loan

by bljunk on Oct 11, 2011

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Factoring, Invoice Factoring, Receivable Factoring, Factoring Companies, business line of credit, loan — Document Transcript