WHAT SETS Our RECEIVABLE FINANCING APART
• Same Day funding on approved invoices
• We do not require a long term contract.
• 97% advance rates; tops in the industry
• Credit analysis on new and existing customers
• Continuous collection management and
follow up on factored invoices
• Invoice and statement mailing (postage included)
• Account status inquiries anytime;
24/7 online account access.
Our flexibility allows you to maintain control:
• You select accounts you prefer to factor
on an invoice by invoice basis.
• You control total factoring costs by only
factoring on an "as needed" basis.
Up to 97% Receivable Financing Advance Rates:
Advance rates are based on overall risk
associated with a particular industry as
well as experience and track record.
We hold reserve accounts to accommodate
industries which typically experience dilution
and that we would otherwise not be able
to service. Advance rates range from
80% to 97% of the gross invoice amount.
Fees are determined based on your industry,
the credit worthiness of your customers,
how quickly your invoices turn, and
monthly factoring volume.
OCF provides individualized customer service,
by tailoring our flexible programs to fit the individual
needs of each of our clients. We strive to
be responsive, handling receivables
with speed, efficiency, and a personal touch.
As a client you are assigned one account
administrator who will personally handle
all of your account activity and inquiries.
This gives us the ability to buy your
receivables and get the money to
you within 12 to 24 hours.
Having one person look after your account
also makes it easy for you to decide
which invoices you are going to sell and
when you want to sell those invoices.
Our funding is primarily done by
direct deposit or wire.
OCF has more than 70 years of successful
cash flow and credit management experience,
experience we would love to put to work for you.
To talk with a member of our sales team,
please contact one of our regional offices at:
Fax #: 425-702-1874
More Receivables Financing Information
Receivables financing in this country occurred primarily in the textile and garment industries,
as the industries were direct descendants of the colonial economy that used factoring so
specifically. after the war years, Receivables financing companies saw the potential to
bring account receivable factoring to other forms of invoice-based business and the expansion began.
read more at fredcoutts.com
and account receivable factoring
and accounts receivable financing
If you are able to submit brand new invoices to the new Receivables financing company
which they can use to payoff the outstanding invoices at your old factor then there would
be no additional cost to you to make the change. Then, as the payments come in on the
old invoices outstanding from the old factor, as part of the buyout agreement,
those payments are forwarded to the new factor who would turn around and forward those to you as non-factored at no cost.