New to Factoring?

For those who aren't familiar with factoring, it is basically a fast way to get cash to run your business.

Factoring is Not a Loan

When you send your customers an invoice, they usually have 30 days to pay you back. Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.


Factoring Doesn't Require Debt

Sounds simple enough – fast cash for your business – no loans, no debt.

So how do you go about choosing the best factoring company?

Not all of them are created equal. Not all of them will give you the same level of service you need to help grow your business.

Everyone claims they have the simplest rate structure in the industry, no long-term contracts, same day funding, no up-front fees, no monthly minimums or maximums, etc., etc., etc.

We also offer these same benefits, but we GO THE EXTRA MILE FOR YOU that other factoring companies don’t.

Here’s Why We Are The Factoring Company You Need For Your Business

No other factoring company matches our level of superior service and offerings.


As you can see, we simply have more to offer you.

Other factoring companies don’t even compare.
Virginia Beach

And Not All Factoring Companies Can Say This:

More than half of our new business comes through client referrals.

So, Can Your Company Use Factoring?

Of Course! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring as a way to increase their cash flow. Factoring spans all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.

Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.

Unlike a bank loan, factoring has…

  • No principle or interest to pay over time
  • No debt to repay
  • Unlimited funding potential – no caps
  • Fast funding – no waiting months like at a bank
  • Approval is based on the strength of your clients, not your credit
  • Startups are welcome in using funding services

Some of the benefits you receive with factoring are:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information for the city of Virginia Beach

"

Virginia Beach is best known for its tourism but the military and agribusiness sectors contribute to the City's economy. The City's economy also contains a large retail component at places such as Lynnhaven Mall. Major companies headquartered in Virginia Beach Virginia Beach was ranked at number 45 on list of best places for business and careers.Tourism produces a large share of Virginia Beach's economy. With an estimated $857 million spent in tourism related industries, 14,900 jobs cater to 2.75 million visitors. City coffers benefit as visitors provide $73 million in revenue. Virginia Beach opened a Convention Center in 2005 which caters to large group meetings and events. Hotels not only line the Oceanfront but also cluster around Virginia Beach Town Center and other parts of the City. Restaurants and entertainment industries also directly benefit from Virginia Beach's tourism.Ecotourism has a large portion of the tourism market in Virginia Beach. There are many eco adventures companies which offer tours on the land and on the water.

 

Coyotes, foxes and bobcats can be seen inland of Virginia Beach in False Cape State Park. There are tours available to see dolphins in their natural habitat.The Virginia Aquarium & Marine Science Center conducts tours of the coast for bird sightings as well as whales if the season is right. They offer school field trips and overnight adventures into the various surrounding regions with a focus on education. Lessons for surfing, stand up paddling and kayaking are popular in the area. In the summer these programs may even offer dolphin sighting tours.Virginia Beach has a large agribusiness sector which produces $80 million for the city economy. One hundred seventy two farms exist in Virginia Beach, mostly below the greenline in the southern portion of the City. Farmers are able to sell their goods and products at the City's Farmer's Market. A VF 41 F 4J over NAS Oceana in the late 1960s Virginia Beach is home to several United States Military bases.

 

These include the United States Navy's NAS Oceana and Training Support Center Hampton Roads, and the Joint Expeditionary Base East located at Cape Henry. Additionally, NAB Little Creek is located mostly within the city of Virginia Beach but carries a Norfolk address.NAS Oceana is the largest employer in Virginia Beach; it was decreed by the 2005 BRAC Commission that NAS Oceana must close unless the city of Virginia Beach condemns houses in areas designated as ""Accident Potential Zones."" This action has never been the position of the United States Navy; indeed, the Navy had not recommended NAS Oceana to the BRAC Commission for potential closure. The issue of closure of NAS Oceana remains unresolved as of May, 2008 [dubious discuss]Both NAS Oceana and Training Support Center Hampton Roads are considered to be the largest of their respective kind in the world. Furthermore, located in nearby Norfolk is the central hub of the United States Navy's Atlantic Fleet, Norfolk Navy Base.[4

 

"

 

Information for the state of Virginia

"Virginia has an economy that is highly diversified. Agriculture, once its mainstay, now follows other sectors in employment and income generation. Tobacco, Virginia's traditional staple, is still the leading crop, and grains, corn, soybeans, peanuts, sweet potatoes, cotton, and apples (especially in the Shenandoah Valley) are all important. Wine production is also important; but the major sources of agricultural income are now poultry, dairy goods, and cattle, raised especially in the Valley of Virginia.

 

The coastal fisheries are large, bringing in especially shellfish, largely oysters and crabs. Coal is Virginia's chief mineral; stone, cement, sand, and gravel are also important. Roanoke is a center for the rail transport equipment industry, and a high proportion of the nation's shipyards are concentrated at Hampton Roads, especially in Newport News. Norfolk is a major U.S. naval base, and Portsmouth is a U.S. naval shipyard; Hampton is a center for aeronautical research. N Virginia has become the home of one of the largest concentrations of computer communications firms in the U.S. Other leading industries include tourism and the manufacture of chemicals, electrical equipment, and food, textile, and paper products. Tens of thousands of Virginians work in government, especially in the District of Columbia or in nearby ""Beltway"" suburbs like Reston and Langley."

 

Our quick and easy factoring service can increase your cash flow today!  

Because factoring provides instant access to cash, it offers you the flexibility to grow your business at a faster pace. -Factoring Companies Va

 

 

I WAS TIRED OF WAITING  

Factoring Companies Va Articles

Oil Well Cleaning Owner Interview

 

The oilfield services industry is certainly a booming one these days thanks to a renewed emphasis on searching and drilling for oil on private and state properties. One of the more profitable ventures in this field is not the drilling for oil, but the cleaning of oil and gas wells to keep them operating at full efficiency. Oil and gas drilling is a dirty business and wells will quickly become clogged even with regular maintenance.

 

Jeffrey Fielding is the owner of an oil well cleaning company who works with several drilling companies in providing cleaning and maintenance of oil wells. Over the past couple of years, Jeffrey has managed to grow his business considerably thanks in large part to his perseverance and determination. However, things were really tight when Jeffrey first started up his company and at one point he was faced with a dilemma that he didn’t know how to overcome.

 

The following interview with Jeffrey tells how he managed to expand his company at a crucial time thanks to oilfield services factoring. If it wasn’t for the presence of factoring companies that worked in his field, Jeffrey might be in a completely different business today.

 

“Hello, Jeffrey. It’s good to talk with you and I’m glad you were able to spare the time to share your story with us.”

 

Jeffrey Fielding: “Thanks, I’m glad to be here.”

 

“Jeffrey, tell us a little about how you got into the oil well cleaning business first as it’s something our listeners may not be fully aware of.”

 

JF: “No problem, I’ll start at the beginning. About ten years ago I joined an oil well crew as a roughneck, working my way up through the business. It was hard work and our crew was usually out in the middle of nowhere, but the money was good and the opportunities kept building for me. I quickly learned the job and was hired by a number of drillers to work their rigs over the next few years during the boom in the oil industry.”

 

“Right from the beginning, I took notice the oil well cleaning crews that would work each rig and started talking to the guys who were a part of that business. After a few years it became clear to me that oil well cleaning was really where it was at ‘cause the work was really steady and the money was just as good, if not better than what I was making. So, with the money I had saved up along with a couple of partners I opened up an oil well cleaning company of my own.”

 

“It certainly sounds like you struck gold so to speak. So tell us how your business started.”

 

JF: “It was pretty straightforward as we got our business loan, purchased the equipment and hired a couple of experienced people to help us clean oil wells. We had some pretty good connections and the orders started to pile in, but then we ran into a problem that none of us could even dream of happening. We became victims of our own success.”

 

“I don’t think I quite understand, could you explain just how that happened?”

 

JF: “Sure, about six months in we suddenly got new drillers who wanted to use our services, but we didn’t have the money to expand. We get paid by invoice which can take up to 60 days to see the cash which meant that we trying to pay down our loan, the payroll and the equipment, fuel and other costs and didn’t have enough cash on hand to expand. We knew that if we didn’t hire new people and buy new equipment that we would miss out on a golden opportunity. However, one of my friends told me about oilfield services factoring companies that could help us out.”

 

“What are factoring companies?”

 

JF: “Basically, a factoring company will buy the invoice and get us the cash immediately. We had good credit and our invoices were certainly good as well. By using their services, we were able to get the cash in our hands quickly and pay for new equipment to then expand our business efforts.”

 

“It certainly sounds like the factoring companies saved the day for you, but just how do they work?”

 

JF: “Well, it was a pretty simple process. We just filled out a few forms with the information that they requested and then we sold the invoices we had already collected, but had not collected to the factoring company. We got the cash we needed immediately and they collected the invoice.”

 

“It certainly sounds pretty straightforward, but why didn’t you just get another loan?”

 

JF: “My partners and I went over that and another loan would just be too big a burden. We were already paying off our old loan which was considerable and didn’t want to have more debt hanging over our company. By going with the oilfield factoring companies, we didn’t owe anyone, anything. We just collected the money that we were owed a lot more quickly.”

 

“So, how is business now?”

 

JF: “It’s better than ever. By using a factoring company I was able to buy new tubing, cleaning fluids, a new vehicle and other equipment that let us take on the new orders. We were able to expand the business quite a bit and our reputation is such that we work with several drilling companies.”

 

“It sounds like a dream come true.”

 

JF: “It really does, but I don’t know what we would have done if factoring companies didn’t exist. We still use them when we need cash for new equipment or products to do our job. It’s quick, safe and brings us the money we need to continue our business.”Jeffrey’s company really benefitted from using oilfield factoring companies that served his industry. There are factoring companies for other types of businesses as well that can take invoices and turn them into quick cash for businesses that need to expand. For Jeffrey and many other small business owners, factoring companies can make the difference in the success of your efforts.

 

 

 

OCF.com

 

Truckingfactors.org

 

 

 

 

You Can Find More Information at  http://accountsreceivablepurchasing.com
and at factorinvoices.org

Call Us Today at: 1-888-266-0197

 

Watch our Factoring Company Video below to see how we work for you.

 

 


 

Get CASH NOW for your outstanding invoices.

 

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