Factoring of receivables

Affordably Factoring of Receivables

If your company provides products or services to customers with no upfront payments and counts on an invoicing system to get paid, you’re essentially loaning your money out to your customers. Factoring of Receivables allows you to receive advances on those debts that you would otherwise have to wait for weeks to collect, providing you with essential operating capital and allowing you to avoid additional loans. But another particularly significant advantage that this system has over traditional loans is the availability of lower rates and fees. We offer huge discounts in the accounts receivable factoring, often at rates as low as 1%. Compared to bank loans, this approach can help your company save extraordinary sums while preventing its assets from being tied up.

Immediate Factoring of Receivables

The whole idea behind small business factoring is that it allows your company to collect on its debts sooner rather than later. We’ve taken this element of factoring of accounts receivable to the extreme by providing funds within 24 hours of your invoices being sent. This is a particularly essential advantage to companies that experience both a high sales volume and high operating costs. We’re proud to say that no other company can offer account receivable financing as quickly as we can. If your company could benefit from a funding solution that is this responsive, please call our experts today at 866-654-8314 and let them begin customizing a plan that fits your needs perfectly.

Customized Factoring of Receivables Solutions

The factoring business is saturated with companies that have dedicated themselves to serving only small, industry-specific portions of the marketplace. But because we offer the lowest rates, the greatest expertise and the most comprehensive range of services, we want to be able to provide account receivable financing to every company in any industry. We do this by customizing every factor plan on a case-by-case basis and by relying on the knowledge and insight of experienced insiders in multiple industries. Our factoring accounts receivable staff includes experts in the trucking, staffing, construction and manufacturing industries, as well as many others that routinely rely on factoring as an ongoing cash flow solution. These experts allow us to provide specialized service without excluding anyone.

Top 10

Check out the top 10 reasons more trucking and
freight companies choose us:

1. More cash flow.

Compared to other financial institutions, First Financial Factoring has unique experience in trucking that enables us to get better terms and pass them on to you.  Bottom line, we charge you the lowest rates and deliver the best advance rates in the business.

2. Greater loyalty.

Drivers and owner-operators who get paid on time deliver better and more consistent service to your customers. Your financial reliability to them means having a team that will watch your back.

3. More time.

When you can forget about chasing down invoices, juggling payments and generally sweating the financials, you can concentrate on how to take your freight business to the next level.

4. Fewer bad debt expenses

Our careful screening and approval of your customer’s credit means you never pick up a load until you know payment will be there.

5. Getter credit.

With factoring, your company incurs no debt. Your balance sheet looks good to other financiers and that improved credit rating leads you to develop your trucking operation however you see fit.

6. Increased sales.

The flexibility that our reliable cash flow provides you the power to expand your business a little or a lot and bring in more revenue.

7. Less hassle.

No more collection agencies. No more tough-to-make client calls. One of our professionals will be dedicated to managing all your open invoices.

8. More loads and better routes

When you can afford to work with bigger organizations who tend to require 30 to 45 day payment schedules, those high paying brokers and shippers give you more business and better terms.

9. Less wasted money.

A predictable cash flow that covers your daily expenses like diesel, repairs, and permits, helps avoid costly fines, penalties and bank overdrafts.

10. More know-how.

50 years on the job with every conceivable kind of trucking company gives First Financial Factoring the background to make things go faster and smoother, keep your customers happier, and bring you greater value every day.