We hope you have a wonderful Christmas and a happy New Year.  While this has been a trying year for many, we should all feel fortunate that we live in a great country with boundless opportunities.  We hope you use this holiday season to count your blessings and spend quality time with those loved ones that mean the most to you.

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Seasons Greetings from Ozarks Capital Funding

The successful set-up of an international factoring relationship is not an easy task and is usually performed by f actoring companies that specialize in those types of transactions.   These kinds of deals require an enhanced set of underwriting guidelines, knowledge of the documentation involved, extensive follow up on transactions, and even an understanding of the how business is conducted in the country. In addition to these difficulties of this type of invoice factoring ,  a fairly large minimum monthly invoice amount must be factored.  Invoice companies who choose to participate in international deals typically require a minimum of $500k per month in factorable volume.  This large minimum is imposed because of the barriers referred to above

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International Factoring Transactions

We’re nearly at the end of another year.  They go by so fast!  Now it’s time for business planning in 2010.  As the eoconomy is starting to somewhat stabilize, many companies are anticipating growth once again. Where is the working capita l going to come from to propel your company to the next level?  The credit markets are still very tight, despite all the attempts to motivate banks to lend money.  Invoice factoring is a great alternative to traditional bank loans for a variety of reasons: Accounts receivable factoring provides capital that is limited only by your pool of receivables Your company or personal credit history is not a factor in determining qualification No personal guarantees required Factoring companies provide other services like credit screening and expert collections Factoring is not a loan, so it doesn’t adversely effect your balance sheet Many business owners have been demoralized the past year and half because of the economy.  It’s time to come alive and maximize the potential of your business.  Invoice factoring can play a major role in that development. Get a free, no-obligation quote by filing out our easy online application .

Excerpt from:
Gearing up for 2010

This is the final installment of this series. The purpose of these posts is to highlight what I feel is total corruption of our “lamestream” media. Just try to imagine the outrage from the press if the Bush administration had said or done any of the following: Spent thousands of taxpayer dollars taking Laura Bush to a play in New York City Taken over GM Made a joke at the expense of the Special Olympics Given the Queen of England an IPOD containing many of his speeches Had tax cheats in his inner circle or cabinet Had allowed a fighter jet to chase Air Force One over the skyline of Manhatten for the purpose of creating a picture for a postcard Had signed a $787 billion “stimulus” package, proclaimed it would cap the unemployment rate at 8%, then subsequently saw the actual rate top the 10% mark Had failed to provide adequate relief to the flood victims in the midwest who were made homeless by the disaster No matter what side of the aisle you’re on, the conduct of the national media (led by NBC and the New York Times) should cause outrage.

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What if President Bush Had Done That (Part 4)

There’s no question that invoice factoring can be expensive, especially when the customers take a long time to pay (60 to 90 days). But there are ways that the fees can be controlled or minimized: Waiting to submit the invoice to the factoring company a few weeks after the service has been performed or goods have been sold and billed to the customer. Taking advantages of early payment discounts from vendors.

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Cutting Down On Factoring Fees

Many businesses are going through a tough time because of the recession.  Others are growing despite the economic conditions we face.  In either case, amall companies need working capital to survive or to fuel their growth.  Traditional bank loans may be the answer if the owner qualifies (typically requiring profitability and personal credit score of at least 670).  But what if there have been credit issues or the business has gone through a rough time but is poised to come out of it?  What if the bank line of credit isn’t enough to accomodate future growth? Invoice factoring is an excellent alternative to conventional financing.  One of the main advantages is the availablity of immediate working capital.  Once an account is set up with a factoring company, the client can submit invoices for advances up to 85% of the total amount and have the funds wired into their bank account within 24 hours.   Instead of waiting up to 60 days to get paid, the cash flow is there when you need it to pay bills, payroll taxes, and other obligations. Accounts receivable factoring is also good for companies growing rapidly because this form of financing is only limited by the firm’s pool of accounts receivable.  As the company grows, the invoices available for factoring grows with it.  With a line of credit, the amount is typically fixed in nature.

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Cash When You Need It

Many dental professionals are still having a hard time getting working capital from a bank.  The biggest issue seems to be the high minimum credit scores that are required.  Most lenders expect a credit score of at least 670 to qualify.  But there is an alternative:  Establishing a dental merchant cash advance program is an easy way to accelerate cash flow, which can be used to expand or remodel, pay emergency expenses, or just pay bills in a timely manner. This form of financing is based upon the provider’s MasterCard and Visa receipts.  The financing source funds  the estimated future credit card sales of the provider at a discounted rate for immediate cash.  The amount of the advance is based upon estimated monthly receipts. Payback of the loan is through the credit card receipts in subsequent months. This is done electronically.  When a patient makes a payment, a predetermined percentage of the amount is sent to the lender

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Dentists Acquire Working Capital Through Cash Advances

When a commercial factoring company is deciding on whether or not to accept a new client, they perform due diligence.  This includes doing a UCC search to determine if the receivables have already had liens placed on them.  They also investigate the credit standing and payment history of the potential client’s customers.  Those are the two main components of due diligence relating to a factoring engagement with service companies, manufacturers, wholesalers, and distributors. With medical invoice factoring , the funding source must take due diligence to a much higher level.  With ordinary factoring, the amount to be received is normally pretty clear.  A sale of 100 widgets at $10 each equals $1,000 and that is the amount the customer will pay when the goods are accepted.  With medical accounts receivable factoring , the situation is complicated by the complexities of billing.  When a healthcare provider bills for a procedure, they probably won’t receive the amount that is invoiced

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Why Medical Factoring Companies Require Due Diligence Audits

On his way back home, President Obama stopped at Osan Air Base in South Korea, greeting roughly 1,500 Airmen, Soldiers, Sailors and Marines, many in camouflage, in an airport hanger. Before a crowd of troops holding cameras and cell phones, the president joked, “you guys make a pretty good photo op.” I’m sure it was an innocent remark.  In fact, he probably meant it as a compliment to our military that puts their lives on the line for our freedoms.  But how would the “lamestream” press have responded to a similar remark by Presdident Bush?  There would have been a media firestorm and accusations of abusing his power for political gain would have immediately surfaced.

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What if President Bush Had Done That – Part 2

As we’ve stated in previous posts, the credit history of the client’s customers is much more important to factoring companies than the financial condition or credit standing of the client.  With that being said, there is always a due diligence process before any funds are disbursed and part of this routine is a review of the company’s management, methods of billing, and general integrity. Factoring company professionals who have been in the business for a long time will want to know if the company will be easy to work with and will be honest and forthcoming if problems exist.  They will also want to know how strong the relationships are between the client and their customers.  Are there frequent disputes with billing or production?  Are the differences resolved in a timely and acceptable manner?   Are there any outstanding lawsuits involving breech of contract?

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Transparency is a Key Component to Factoring