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OCF Temporary Staffing Factoring
Services - Providing factoring financial services nationwide - Over 70 years of factoring company experience
- Up to 97% Advance Rates
What Sets Us Apart
Our factoring financial services program includes
the following features • 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% Staffing Factoring 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.
Invoice Factoring Fee Structures: Fees are determined based on your industry,
the credit worthiness of your customers,
how quickly your invoices turn, and
monthly invoice factoring volume.
OCF provides individualized customer service,
by tailoring our flexible invoice factoring
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 r
eceivables and get the money to
you within 12 to 24 hours.
Having one person look after your recourse factoring service
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
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More Temporary Staffing Factoring Information
Factoring
has an ironic distinction: It is the financial backbone of many of America's most
successful businesses. Why is this ironic? Because factoring is not taught in
business colleges, is seldom mentioned in business plans and is relatively
unknown to the majority of American business people. Yet it is a financial
process that frees up billions of dollars every year, enabling thousands of
businesses to grow and prosper.
Factoring
has been around for thousands of years. Factors are investors who pay cash for
the right to receive the future payments on your invoices.
An
unpaid receivable or invoice has value. It is a debt your customer has agreed
to pay in the near future.
Account Receivable Factoring
Principals
Although
staffing factoring deals exclusively with business-to-business transactions, a large
percentage of the retail business uses a factoring principal. MasterCard, Visa,
and American Express all use a form of factoring in their retail transactions.
Using the purest definition of the word, these large consumer finance companies
are really just large factors of consumer paper.
Think
about it: You make a purchase at Sears and charge it to your MasterCard. The
store gets paid almost immediately, even though you do not make payment until
you are ready. For this service, the credit card company charges Sears a fee
(typical fees range from two to four percent of the sale).
The
Benefits
Factoring
can offer many benefits to cash-hungry companies. Rather than wait 30, 60, 90
days or longer for payment on a product or service that has already been
delivered, a business can factor (sell) its receivables for cash at a small
discount off the amount of the invoice.
Payroll,
marketing efforts, and working capital are just a few of the business needs
that can be met with this instant cash.
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