Factor Group

DOMESTIC RECEIVABLES FUNDING : The Key to Immediate Growth 

It’s no secret: the cash flow crunch happens to every business sooner or later. The smart ones are those who take advantage of factoring (accounts receivable funding) to access the money they’ve already invoiced when they need it most.

Plus, - Factor Group gives you the flexibility to choose which accounts receivable to sell and when. It’s an easy qualification process and our expert team will walk you through it step by step.

1. We buy your U.S. accounts receivables, giving you up to 80% of the value of your invoices, usually within 24 hours after the due diligence is completed and we are able to confirm and/or verify the invoice(s).
2. We follow up with your customers to receive payment on the invoices.
3. When the invoices are paid, we forward the balance to you, minus a small processing fee.

You get immediate results:

• Improve cash flow

• Meet payroll and operating expenses on time

• Increase your sales

• Offer more attractive payment terms to your customers.

• Minimize past due accounts receivable.

• Free up your lines of credit

• Get discounts from your suppliers for prompt payment

• Avoid creating liabilities on your balance sheet

• Concentrate on growing your business instead of tracking account receivables

• Get experts to manage your customers credit risk

So move forward with those opportunities you need to achieve your growth plans – you have a timely, dependable funding source supporting you.
 

INTERNATIONAL RECEIVABLES FUNDING : Expand Overseas

Unlike many factoring companies, we will buy international invoices. We serve many markets, from North America to Latin America, Europe and Asia from our offices in Florida and Colombia. We are a global commercial finance company with clients in several countries, providing middle market companies with working capital to meet their business needs.

Our in-depth understanding of international trade and its complexities brings our clients the expertise and the ideal financing resources needed to prosper on a global scale. You get all the benefits of traditional factoring, plus the confidence of knowing we’ll conduct the due diligence for you in the competitive import/export market.

The advantages of working with us:

• You’ll have access to a source of funding that grows in line with your export sales, so you can go ahead and do business with a new customer overseas - (we have to take this out because, there is risk, we are full recourse)
• We’ll service your accounts professionally and speak to your customer in their language.
• We’ll save you the time and headache of chasing invoices overseas.

We’ve helped many import/export companies buy and sell goods and services around the globe. Shouldn’t you be next?  

GOVERNMENT RECEIVABLES : Contracts without worry

Government receivables work the same way as traditional factoring, only a government agency is the debtor – local, state, federal or international.

Anyone who has a government contract knows working with them can be a complex maze of paperwork, regulations and a host of questions: How long will it take to get paid? Do I have the cash flow to fulfill the contract? Will my suppliers work with me and give me the terms I need until I can get paid? How will I meet payroll?

Here’s the answer to all of them: we provide customized accounts receivable financing programs to businesses that provide goods and services to governments and their agencies. Even if other funding sources have turned you away, relax – we have extensive expertise working with government bureaucracy in this highly specialized field. Depending on the contract, we can advance funds or guarantee payments to suppliers, so they are more willing to work with you. And we can purchase your invoice from the government when your product or service is delivered, providing you with the cash you need to meet the obligations incurred in satisfying the contract.

So go ahead and bid on that new government contract – your advantage is that you have a reliable government contractor funding source.
 

PURCHASE ORDER FINANCE: Funding Opportunities

Sometimes you need to bridge the gap between getting an order from a creditworthy customer and having the cash on hand to fill it, plus pay for labor and shipping. Factor Group can help with Purchase Order Financing. It’s similar to Accounts Receivable Financing, but we advance against your P.O. instead of purchasing your invoice. It’s easy:
 

We can advance up to 100% of the confirmed purchase order cost to your supplier.  You deliver the goods and invoice your customer. We collect the invoice payment from your customer and pay you the balance between the order value and the amount paid to your supplier, minus our fee once payment has been received.

P.O. financing, enables you to:

• Minimize capital constraints by letting us fund it for you
• Grow your business now and pave the way for more
• Improve your competitive edge among customers and suppliers

To qualify, you must have a product that you are re-selling or distributing. The finished product must be purchased from your manufacturer complete and then shipped to the end customer. P.O. Finance is not for services or products that require additional processing before they are delivered to the end customer.

Best of all, you can fulfill purchase orders that you may not have the capacity to complete otherwise. For a small percentage of the dollar amount of your transaction, you will be able to seamlessly complete the transaction without jeopardizing supplier or customer relationships.

So go ahead and sign that big deal – we have the funding you need. 

AEROSPACE : Helping business take flight

When the airlines need your parts or services, they need them pronto, no delays. But when it comes to paying your invoices, they’re not so fast. What would you say if we could provide you funding within 24 hours of issuing an invoice?

That’s what the Factor Group can do for you with accounts receivable funding. We know your industry and we’ll buy your invoices, giving you cash up front and then following up with your customers for payment with a professional collections team. You’ll have the funds you need to buy materials, fill orders, and meet payroll.

And that gives you the financial freedom that enables your growth chart to take off. 

MANUFACTURING & DISTRIBUTION : Making and keeping goods on the move

It’s probably never been harder to be a manufacturer than right now. Orders decline with the economy, costs are increasing and margins are deteriorating. Not to mention a battery of regulations to adhere to. You need working capital to meet payroll and pay your suppliers, but they’re not willing to wait for your customers to pay you.

Factor Group can bridge the gap for you with receivables financing that speeds up cash flow. We have experience working with manufacturers and distributors of all sizes. We’ll purchase your invoices and monetize most of its value within 24 hours. As a well-capitalized resource, we can grow along with your business so you’ll have a steady supply of cash linked to sales.

Soon you’ll have the financial freedom to forge a solid growth plan. 

FOOD AND BEVERAGE : Providing a fresh perspective

Food and beverage companies face a unique challenge due to the perishable nature of your product and the risk of spoilage. You have to work within short credit terms from suppliers and slow payments from customers, which results in a cash crunch. In some cases, food manufacturers may have to make payments to suppliers for three production cycles or longer while waiting for payment from customers.

We’ve been working the food and beverage companies for years, and have a special focus on produce companies, an industry many factors avoid due to a lack of experience and knowledge. Over the years, we’ve provided accounts receivable financing for seafood and agricultural companies in this industry. We can help relieve the cash squeeze of waiting for customers to pay while you need to invest in materials, equipment and payroll – any working capital need. And that gives you the financial freedom you need to capture a full menu of new business.

STAFFING : Keeping the workforce at work

A staffing company’s biggest asset is people, and payroll is your biggest expense. Unfortunately, your biggest challenge is getting customers to pay quickly enough so you can pay your employees and subcontractors. Waiting 60, 75 or sometimes 90 days just isn’t an option when you have to meet payroll every week.

Rely on - Factor Group and our factoring for staffing companies to close the divide. By selling us your accounts receivables for payroll funding, you get the cash you need to grow, make new hires and acquire new customers.

Now that’s the financial freedom that puts people to work.
 

PROFESSIONAL SERVICES : Funding the intangibles

Printing, marketing, advertising, IT, or any service business all have one thing in common. Your service is not a tangible product that a lender can hold, understand and sell if need be. Many lenders are unfamiliar with the payment structures and other terms of service called for in your contracts with customers. Often you need capital to invest in expensive equipment, highly skilled labor, and other upfront expenses that can strain your cash flow.

We understand the challenges you face. - Factor Group can help with dependable receivables financing to get you valuable working capital so you can invest in technology, hire people, and take advantage of opportunities.

Almost immediately, you’ll have the financial freedom you need to capture new business. 

EXPORT & IMPORT : Moving products around the globe

Overseas trading is big business: there’s $5 billion in trade just between the U.S. and Colombia, where we have offices.  Many traditional lenders lack the expertise and knowledge to finance international trade.

Whether you’re exporting or importing, the Factor Group’s specialists can help with a timely, steady stream of funding against the value of your outstanding invoices. Our export and import financing will help you buy products, ship, and trade. 

With Factor Group, you’ll have the financial freedom to make business happen around the world.
 

Export / Import – Getting products moving, around the globe.

Overseas trading is big business: there’s $5 billion in trade just between the U.S. and Colombia, where we have offices.  Many traditional lenders lack the expertise and knowledge to finance international trade.

Whether you’re exporting or importing, the Factor Group’s specialists can help with a timely, steady stream of funding against the value of your outstanding invoices. Our export and import financing will help you buy products, ship, and trade. -

With Factor Group, you’ll have the financial freedom to make deals happen around the world.
 

 

TEXTILES AND APPAREL : Tailoring solutions for growth

You’re busy dreaming up new designs to reach new demographics. But you have to worry about suppliers asking for cash up front, customers taking too long to pay, and banks not wanting to lend money to businesses in your industry.

With wide experience in the textile and apparel industry, Factor Group can help. We understand the pressure that comes from being in the middle of a supply chain, the lead times that make cash flow difficult, and the wide array of vendors and distributors you need to deal with. And we have hands-on experience working popular electronic systems such as EDI which is common with retailers. Rely on us for accounts receivable financing that gets you the working capital you need to keep creating and get your product to market.

Pretty soon you’ll have the financial freedom that suits your growth plans.