OCF FACTORING COMPANY
- Providing factoring services nationwide
- Over 70
years of factoring company experience
- Up to 97% Advance Rates
Quick Continuous Cash Yes!
And You Also Get Our
Credit Risk Expertise
at No
Additional Fee
Accurately assessing credit risk is really the essential
part of our factoring business. Few, if any, business clients
can
perform this function as objectively as we will.
For no additional fee,
we act as your credit
department for new and existing customers.
This
provides you with a huge advantage over
in-house performance of these
functions.
Consider the scenario where a
salesperson has
a new account with a potential for large purchases.
The
salesperson wants the business-so much so that
he or she may overlook red
flags associated with credit
difficulties. The salesperson may even walk the
account through your own internal credit checking
procedures, in order
to side step established controls.
While this may get you the sale, it won't
get the money,
and with no money, there is no sale.
This will not happen with us.
We make credit decisions
with full knowledge of the new customer's credit
situation.
We will not buy the invoices of a poorly-rated customer
and
risk nonpayment. But don't look upon our participation
as a tightening of
credit to the extent that your business
will be affected in a way that is
beyond your control.
If you have a new customer with questionable
creditworthiness, the decision to do business
with that person is still
yours.
(However, we will reserve the right to say "I told you so!")
We may not buy those invoices, but
you are still free
to extend credit terms as you see
fit.
You remain in
control
Whatever decisions are made, you can be assured that,
because of the factor's participation,you will be making
decisions and
extending credit based on more complete,
objective and higher quality
information than you have in the past.
We will fully research new
clients and, equally important,
we will routinely check the credit ratings of
your existing customers.
This contrasts greatly with most businesses,
where routine credit updates are seldom run on the
established customer
base. This is potentially a huge mistake.
When a business does opt to do a
credit check,
it is usually too late and the problem is already out of hand.
On the other hand, we will inform you immediately
if there is a change in
the credit status of
one of your existing customers.
In addition to the specific
customer credit
information that we provide, you will have the
benefits
of comprehensive, detailed reports on your
accounts receivables as a whole.
As a part of the process
you will receive accounting, transactional details,
aging reports and financial management reports
that allow you to
incorporate this data into
your own sales tracking, account history and
in-depth analysis
WHAT SETS US 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% 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.
Fee Structures:
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:
Toll Free:
888-266-0197
Fax #: 425-702-1874
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