A Breakthrough Factoring Company
Offering Factoring Programs Tailored
to Make You More Money

Factoring History

Welcome to factoring. Whether you own a business,
look forward to building one or are looking for new financial
tools for your current employer, Factoring can help
you reach your financial goals.

Factoring has the ironic distinction of being the financial
backbone of many of America's most successful businesess.
Why ironic? Because factoring is not taught in business
colleges, 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 is the process of purchasing commercial
accounts receivable(invoices) from a business at a discount.
Business practices today dictate that in order to get business
you, as a provider of goods and services, must
extend terms to your customers.

These terms can squeeze the life(and cash is the
lifeblood of any business) out of a new or
struggling company.

Factoring has a long and rich tradition, dating back
4,000 years to the days of Hammurabi.
Hammurabi was the king of Mesopotamia,
which gets credit as the "cradle of civilization."
In addition to many other things, the Mesopotamians
first developed writing, put structure into business
code and government regulation, and came up with
the concept of factoring.

After a while, Hammurabi and the Mesopotamians went
the way of extinct civilizations, but factoring endured.
Almost every civilization that valued commerce
has practiced some form of factoring, including the
Romans who were the first to sell actual promissory
note at a discount.

The first widespread, documented use of factoring occurred
in the American colonies before the revolution.
During this time, cotton, furs and timber were
shipped from the colonies. Merchant bankers in London
and other parts of Europe advanced funds to the colonists
for these raw materials, before they reached the continent.
This enabled the colonists to continue to harvest their
new land, free from the burden of waiting to be paid by
their European customers.

Recognize that these were not banking relationships
as they exist today. If the colonists had been forced to
use modern banking services in eighteenth century England,
the process would have been much slower. The banks
would have waited to collect from the European buyers
of the raw materials before paying the seller of these goods, the colonists. (And at that point, who needed the bank?)
This was not practical for anyone involved.
So, just as today, the "factors" of colonial times
made advances against the accounts receivable of clients,
enabling the clients to continue with their operations,
long before they had been paid for what they were sold.

With the advent of the Industrial Revolution, factoring
became more focused on the issue of credit,
although the basic premise remained the same.
By assisting clients in determining the
creditworthiness of their customers and
setting credit limits, factors could actually
guarantee payment for approved customers.

This is known as factoring without
recourse(or non-recourse factoring)and is
quite common in business today.

Prior to the 1930's, factoring 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, factors saw
the potential to bring factoring to other forms
of invoice-based business and the expansion began.

Today, factors exist in all shapes and sizes:
as divisions of large financial institutions or,
inlarger numbers, as individually owned and
operated entreprenurial endeavors.

Many of these private factors sprung up in
record numbers as interest rates rose to
new heights in the 60's and 70's. This trend
intensified in the 80's, primarily due to the
increasing impact of interest rates and
changes in the banking industry. With banks
becoming too expensive and too inflexible due
to heavy regulation(remember the Savings and Loan crisis?),
the small businessperson was forced to find other
sources of financing for expansion and growth.
As more and more banks stop befriending the
small bussinesperson, factoring is becoming
an increasingy popular option.

This year alone thousands of businesses will sell
billions of dollars in accounts receivable, and they
are doing it for profit, growth, and in some cases , their very survival.



















































































































































































We Can Offer You What Others Can't

Unlike other factoring companies, our program includes the following features at no additional charge:

24 hour funding on approved invoices
Highest advance rates 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.

We allow you to electronically submit Invoices
Free credit checking on new customers at no additional cost

Personalized Service - you have one dedicated person and his or her assistant who handle your account.
You don't have to start over each time you call
with a new person
We are seasoned professionals with an average of 11 years industry experience per account executive
(Well above the factoring industry norm)

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.

Call our factoring specialists at