Need cash quickly? Factoring with us can help. If your business generates eligible invoices between $10,000 and $2 million per month, our funding program may be just what you need.

In addition to financing, Goodman Factors offers a superior credit and collection service.

• Our fees are competitively priced

• We can often activate a new agreement in as little as 24 hours or less

• Existing clients receive same-day funding on documentation presented before 10:00 a.m.

Understanding the Factoring Process. Goodman Factors' factoring process is really quite simple. First we investigate and determine the credit worthiness of your customers. Once a customer credit approval has been granted, and shipping services have been completed, Goodman Factors purchases your company's invoices and takes over the bookkeeping and collection process.

Factored clients are contractually paid for their invoices as payment is received from their customers. However, if a credit-approved customer does not pay because of financial problems, Goodman Factors will assume the bad debt in most cases.

You may want a cash advance from us before the actual collection date. Cash advances will allow you to pay your bills quickly, take advantage of cash discounts or meet payroll. Advances can also help you stay current on payables. That's another big advantage of factoring with Goodman Factors.

Information Reporting. Each factoring client receives a monthly statement detailing transactions and funds available. In-depth analysis of revenues by geographic region, commissions, customer credit lines and other relevant information can also be provided.

Accounts Receivable as Collateral. In contrast to other asset-based lenders, when you factor with Goodman Factors, we consider accounts receivable as the sole source of collateral. A definite advantage for any company: because your company's basic assets are not pledged as collateral, they are free for other uses if needed.

How Does Factoring Work? Let's take an example using a business with monthly sales of $150,000 that, on average, collects its receivables in 30 days. Once the receivables are assigned, we can advance funds to your company based on a mutually agreed upon formula. If your company were to receive an 85% advance, it could immediately obtain $127,500, less commission. This extra cash would allow your company to finance additional monthly revenues. This financing process can be repeated over and over as long as your company has the capacity and demand to increases its revenues. The company has the potential to increase its revenues through the assignment of the additional invoices generated each month and its profits should increase as fixed operating costs are spread over a larger sales base.

The Benefit of Factoring. Goodman Factors' services reduce expenses and allow you to obtain immediate cash. Goodman's expertise can more readily identify poor credit risks, thus decreasing potential bad debt losses. Goodman Factors guarantees the collection of the credit approved receivables it purchases, thus eliminating credit losses.

Our collection expertise can significantly increase your turn on accounts receivables. Because receivables are the sole collateral, you won't tie up your assets or interfere with your other commercial lending arrangements.

Our experience gives us confidence. This translates into more liberal rates of advance to you. We can advance up to 90% of your receivables, other factors generally limit advances to 80 to 85%.

Contact us today for your no cost evaluation! Click here.