RECEIVABLE FACTORING FOR Memphis COMPANIES

What Makes Our Receivable Factoring Company Unique

We have over 40 reliable years factoring receivables for companies nationwide.

Only a handful of receivable factoring companies can say that. Even fewer can say a majority of their new receivable factoring business comes from client referrals. Our clients are happy! We give you much more than just funding. We also give you back your time.

Need Cash Today For Your Memphis Company

We know that more and more these days your customers are stretching payments, some because they can, others because they are struggling. But you also have bills to pay. So instead of focusing on other crucial aspects of your Memphis company. You're stuck chasing down your customers. We know that’s very unpleasant. Not only for you, but also for your customers.

Memphis Receivable Factoring Companies receivable factoring companies

We Are Your Solution

Our receivable factoring company programs and services for Memphis companies will get you the cash you need and provide relief to your customers too. You don’t have to be the banker for your customers.

We also help you identify good risk from bad. No more buying expensive credit reports or trying to figure out how to read them. Our credit and collections managers are seasoned experts.

Receivable factoring companies especially live and die by their credit and collections decisions. Our factoring veterans know what exactly to look for in helping you make the right credit decision for your Memphis company.

We can lift that heavy burden of credit control off your back for invoices you decide to factor, saving you big time and money.

Memphis Receivable Factoring Companies companies factoring companies customers
No more collection calls

You will no longer need to make those uncomfortable and awkward collection calls. Would you rather spend your time calling your customers getting to know them better? Our team is very experienced and professional when it comes to placing follow up collection calls in your behalf. We bring any important matters to your attention. This allows you to focus on what you do best.

You can be confident about accepting terms with your customers because you won’t need to wait for payment from them. We will handle the aspects of credit control, including checking your customers’ credit, collecting outstanding amounts, and providing you with detailed online reports for your factored invoices.

It can cost you a lot of expense and time to handle these things yourself, and when you work with us, these back-office services are included in your factoring fee.

Boost Sales For Your Memphis Company

Have you ever turned down or avoided a new sales opportunity because of a customer’s payment terms? If your answer is yes then our receivable factoring programs definitely can help you land that customer.

Using our receivable factoring company services, as soon as your goods are delivered or services performed, you can count on funding for those larger companies with slow payment terms.

With our receivable factoring company services, you can now confidently ask your customers for more business. Knowing you have a source of reliable cash flow, you may never have to turn away a good new sale.

Why Orange Commercial Credit is the Right Choice for Your Memphis Company

Before you decide if we are the right receivable factoring company for you, let us tell you a little about us and how we stand above the other factoring companies.

Receivable Factoring Companies factoring Over 40 Years in the Receivable Factoring Business

We have been in the invoice factoring business for over 40 years, are independently held, and have a proven track record of being FINANCIALLY SOLID. We have survived many of the economy's roller coaster rides and in having done so, can lend you a helping hand in hard times. Rest assured we will be here for you when times get tough.

Happy Receivable Factoring Clients

More than half of our new receivable factoring business comes from current customer referrals. We have a long list of happy receivable factoring clients, our average client has been with us over 4 years, which is unique in the receivable factoring industry. Compared with the other receivable factoring companies, we have the highest factoring advance rates. Also we have no factoring minimums and transparent factoring fees.

Memphis Receivable Factoring Companies We Care About Your Memphis Company

We have your company's best interests and success in mind. Other receivable factoring companies may not be in it for the long haul and every step of your company's journey. For example, some receivable factoring companies will continue to purchase your invoices because they don’t have the ability to see trouble ahead. You could end up buying back invoices from customers who could have been avoided in the first place.

We operate differently than the others. Our purpose is to build a strong relationship with you and protect your company against risky customers, keeping your Memphis business profitable.

Protect Your Memphis Company From Taking Losses

We have credit experts and current payment data to spot early payment trends to help protect your company from taking losses on customers who may be heading into bankruptcy. Other receivable factoring companies may not monitor these situations as carefully to protect you.

receivable-factoring-companies

“Genuine
and Honest”

“We've been with OCC since 2003. From the initial contact and interaction with Bob in Sales, our experience with OCC has been genuine and honest. Bob was true to his word. What he sold is what came to fruition. It was like nothing we had ever experienced before. OCC provides us with peace of mind in knowing that we have daily cash flow for our business.

We submit invoices daily using the scanning program, which we find to be very quick and easy to use, and know with confidence when we submit invoices that OCC will provide the funding that same day. Maria, Isabel, Leslie, Tiffany and everyone in Operations has been fantastic to work with. I know when I call, they are going to answer and address my needs immediately. They customized their process to fit our needs, and that's so valuable to us.

OCC is truly a godsend to our business. I am tickled to be able to brag about OCC and highly recommend them to anyone looking for an honest factoring partner they can rely on.”

—Paula W., Customer Since 2003
Transportation Company, Arkansas

How Receivable Factoring Works

So how does our receivable factoring company program work? Unlike a bank we focus on the strength of your customer's credit and their ability to pay their bills, not yours. We charge a small fee for our receivable factoring service, but there’s no debt and no interest. The factoring process is online and designed to be as easy as possible so that your business can thrive.

Once you are setup for factoring you get funded in 3 easy steps. First, you deliver your order/service to your customer. Next, you send us your invoice and supporting paperwork. Upon verification your invoice proceeds are sent to you, typically within 24 hours for returning customers. We’ll send your invoice to your customer as well as collect the payment from your customer.

We also provide you with free back-office support and manage your collections on invoices that you factored for your Memphis company. Your company gets online access to lookup your customer's payments. You know the status of every invoice at the click of a mouse. That’s it!

Memphis Receivable Factoring Companies Additional Features of our Receivable Factoring Program Include:
  • Full advance and no reserve account programs
  • No set-up fees
  • No-cost, no-obligation application for written proposal
  • No minimum monthly factoring requirements
  • Funds applied same day as receipt (no float time)
  • Flexible program lets you factor any number of accounts
  • No long-term contract (90 days is typical)
  • One experienced and dedicated account representative to manage your account
  • Free 24/7 online access to your account activity and performance
  • Free credit checking of new and existing customers
  • 24/7 online invoice submission
  • Free collection follow-up on factored invoices

SO, CAN YOUR MEMPHIS COMPANY BENEFIT FROM RECEIVABLE FACTORING WITH US?

Receivable factoring for Memphis Receivable Factoring Companies

Of Course! From small privately-owned companies to large corporations, businesses of all sizes rely on Orange Commercial Credit receivable factoring programs to boost their bottom lines by increasing cash flow and streamlining accounts receivable processes. OCC works with companies in most industries, including those in trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing and more.

Unlike a bank loan, receivable factoring has…

  • No principle or interest to pay over time
  • No restrictive ratios such as debt to worth that limit growth
  • No debt to repay
  • Funding that keeps up with your growth
  • Fast funding – unlike conventional bank financing
  • Approval focused on the strength of your customers’ credit
  • Startups are welcome

So there you have it

Call Us or fill out the form today and let us help you get the cash you need to operate your Memphis business even better.

All About Factoring for Memphis Companies

City of Memphis

Memphis, often referred to as the "Home of the Blues" and the "Birthplace of Rock 'n' Roll," is a city steeped in rich cultural heritage and history. Founded in 1819, Memphis has grown into a major cultural and economic hub along the Mississippi River. The city is known for its vibrant music scene, historic landmarks like Beale Street, and its significant contributions to the civil rights movement. Memphis's neighborhoods, such as Downtown, Midtown, and East Memphis, each offer a unique blend of historical charm and modern amenities, creating a dynamic and diverse urban landscape.

The economy of Memphis is diverse, driven by key industries such as transportation and logistics, healthcare, and manufacturing. The city is home to FedEx's global hub, making it one of the largest logistics centers in the world. The healthcare sector is also prominent, with major institutions like St. Jude Children's Research Hospital. Additionally, Memphis has a strong manufacturing base, including industries like food processing and automotive parts. Other notable sectors include tourism, education, and retail, all contributing to the city's robust economic profile.

Trucking companies in Memphis face unique challenges, from navigating the city's extensive transportation networks to managing the logistics of cross-country deliveries. Hot shot trucking companies, which specialize in urgent and time-sensitive deliveries, encounter even more specific difficulties. The high demand for rapid delivery, coupled with the need for specialized equipment and the pressures of tight delivery windows, makes hot shot trucking a particularly demanding sector. Despite these challenges, Memphis's strategic location and thriving industrial base make it a crucial hub for logistics and transportation.

Factoring companies play a vital role in supporting businesses in Memphis, including those in the trucking and hot shot trucking industries. By providing immediate cash advances on outstanding invoices, factoring helps businesses maintain cash flow and meet their financial obligations. One business owner shared, "Factoring gave us the financial flexibility we needed to grow our operations and take on larger contracts without worrying about cash flow." Memphis's area codes (901) and zip code range (37501-38197) are all serviced by factoring companies, ensuring comprehensive coverage.

City of Nashville

Nashville, approximately 210 miles northeast of Memphis, is known as the "Music City" and the capital of Tennessee. With area codes 615 and 629, and a zip code range of 37201-37250, Nashville's economy is driven by music, healthcare, and education sectors. The city is home to the Country Music Hall of Fame and major healthcare institutions like Vanderbilt University Medical Center.

Nashville's proximity to Memphis enhances economic opportunities, fostering strong trade and collaboration between the two cities. The city's vibrant music scene and high quality of life make it an attractive destination for businesses and residents alike.

City of Knoxville

Knoxville, located about 380 miles east of Memphis, is known for its rich history and vibrant cultural scene. With area codes 865 and a zip code range of 37901-37998, Knoxville's economy is driven by education, healthcare, and manufacturing sectors. The city is home to the University of Tennessee and has a growing tech industry.

Knoxville's proximity to Memphis fosters economic ties and collaboration between the two cities. The diverse economic landscape and cultural attractions make Knoxville a vital part of Tennessee's overall economy and appeal.

City of Chattanooga

Chattanooga, approximately 340 miles east of Memphis, is a thriving city known for its scenic beauty and outdoor activities. With area codes 423 and a zip code range of 37401-37450, Chattanooga's economy is driven by manufacturing, tourism, and logistics sectors. The city is known for its revitalized riverfront and the Tennessee Aquarium.

Chattanooga's proximity to Memphis enhances economic opportunities, fostering strong trade and collaboration between the two cities. The city's robust infrastructure and vibrant community make it an attractive destination for businesses and residents alike.

City of Clarksville

Clarksville, located about 210 miles northeast of Memphis, is known for its strong military presence and growing economy. With area codes 931 and a zip code range of 37040-37044, Clarksville's economy is driven by the military, education, and manufacturing sectors. The city's proximity to Fort Campbell significantly influences its economic landscape.

Clarksville's economy benefits from its strategic military location and strong community ties. The city's diverse cultural landscape and high quality of life contribute to its unique character and economic vitality.

City of Murfreesboro

Murfreesboro, approximately 220 miles northeast of Memphis, is known for its rich history and vibrant economy. With area codes 615 and a zip code range of 37127-37132, Murfreesboro's economy is driven by education, healthcare, and retail sectors. The city is home to Middle Tennessee State University, which plays a significant role in its economic development.

Murfreesboro's proximity to Nashville enhances its economic opportunities, providing access to a large and diverse market. The city's strong infrastructure and business-friendly environment make it an attractive destination for companies and professionals.

City of Franklin

Franklin, located about 200 miles northeast of Memphis, is known for its historic charm and thriving economy. With area codes 615 and a zip code range of 37064-37069, Franklin's economy is driven by healthcare, retail, and education sectors. The city's picturesque downtown and strong community spirit make it a popular destination.

Franklin's proximity to Nashville enhances its economic opportunities, fostering strong trade and collaboration between the two cities. The city's diverse industries and high quality of life make it an attractive destination for businesses and residents alike.

City of Johnson City

Johnson City, approximately 500 miles northeast of Memphis, is known for its rich history and vibrant arts scene. With area codes 423 and a zip code range of 37601-37615, Johnson City's economy is driven by healthcare, education, and manufacturing sectors. The city is home to East Tennessee State University and has a growing healthcare industry.

Johnson City's proximity to the Tri-Cities region enhances its economic opportunities, providing access to a large and diverse market. The city's strong infrastructure and business-friendly environment make it an attractive destination for companies and professionals.

City of Jackson

Jackson, located about 85 miles northeast of Memphis, is known for its cultural heritage and growing economy. With area codes 731 and a zip code range of 38301-38305, Jackson's economy is driven by manufacturing, healthcare, and education sectors. The city's vibrant community and strategic location make it an important hub in West Tennessee.

Jackson's proximity to Memphis enhances its economic opportunities, fostering strong trade and collaboration between the two cities. The city's diverse industries and high quality of life make it an attractive destination for businesses and residents alike.

City of Hendersonville

Hendersonville, approximately 210 miles northeast of Memphis, is known for its scenic beauty and thriving economy. With area codes 615 and a zip code range of 37075-37077, Hendersonville's economy is driven by healthcare, retail, and education sectors. The city's picturesque setting along Old Hickory Lake attracts residents and visitors alike.

Hendersonville's proximity to Nashville enhances its economic opportunities, providing access to a large and diverse market. The city's strong infrastructure and business-friendly environment make it an attractive destination for companies and professionals.

State of Tennessee

The State of Tennessee, often referred to as the "Volunteer State," is known for its diverse landscapes, rich history, and vibrant economy. From the bustling cities of Nashville and Memphis to the scenic beauty of the Great Smoky Mountains and the Mississippi River, Tennessee offers something for everyone. The state's rich history, dating back to its days as a frontier territory, has shaped its identity and cultural heritage.

Tennessee's economy is diverse and robust, driven by industries such as healthcare, manufacturing, education, and tourism. The state's strategic location, extensive infrastructure, and skilled workforce make it an attractive destination for businesses and investors. Major cities like Nashville, Memphis, and Knoxville contribute significantly to the state's economic output, each bringing unique strengths to the overall economy.

The state's diverse economy also includes significant contributions from agriculture, logistics, and entertainment. Tennessee is home to world-renowned universities, leading research centers, and popular tourist destinations like Graceland and Dollywood. The state's agricultural sector produces a wide range of products, from soybeans and cotton to livestock and dairy, supporting both domestic and international markets.

Tennessee's educational institutions are among the best in the country, with renowned universities and research centers driving innovation and attracting talent from around the globe. The state's healthcare system is robust, providing high-quality care and contributing to medical research and advancements. The combination of education and healthcare sectors supports a dynamic and skilled workforce, essential for the state's continued growth and development.

Despite its many strengths, Tennessee faces challenges such as population growth, infrastructure demands, and economic disparities. Addressing these issues requires strategic planning and investment in sustainable development. Factoring companies play a crucial role in supporting businesses across the state, including those in the trucking and hot shot trucking industries. By providing immediate cash flow solutions, factoring helps businesses manage financial challenges and sustain growth. One business owner shared, "Factoring transformed our cash flow situation. We no longer worry about meeting payroll or handling unexpected expenses."

Memphis

Including the following Tennessee cities

 

Including the following Tennessee cities

 

Memphis Nashville Knoxville
Chattanooga Clarksville Murfreesboro

 

Keeping Connections Strong: Factoring as a Solution for Underground Cable and Fiber Optic Contractors

Underground cable and fiber optic contractors are the backbone of our hyper-connected world, but behind the scenes, they face immense challenges in keeping their businesses financially healthy. These challenges are even more pronounced for contractors in metropolitan areas like Memphis, where the competition and infrastructure costs are fierce. This article will explore the financial hurdles that underground cable and fiber optic contractors encounter, the relief that factoring can provide, and a case study of a Memphis-based company that effectively used factoring to enhance its operations.

Tangling with Financial Challenges

  • Hefty Labor and Infrastructure Costs: Building and maintaining the necessary equipment and workforce requires significant upfront investment.
  • Rapid Technological Change: The need to continually upgrade equipment to keep up with technological advancements can strain cash flow.
  • Regulatory Hurdles: Navigating the complex web of industry regulations requires resources smaller providers may need help to allocate.
  • Customer Payment Delays: Extended payment terms and late payments from customers can create significant cash flow gaps.

Factoring: Untangling the Financial Knots

  • Fast Cash Flow: Factoring companies purchase unpaid invoices, providing immediate capital that underground cable and fiber optic contractors can use to sustain and grow their operations.
  • Credit Management: With factoring, the burden of conducting credit checks on new customers can shift to the factoring company, reducing the risk of non-payment.
  • Flexible Financing: Factoring lines can grow with the company's sales, offering more scalability than traditional loans.
  • Administrative Ease: By outsourcing the receivables management to the factoring company, underground cable, and fiber optic contractors can focus on their core business rather than chasing down payments.

A Memphis Provider's Call for Factoring

A Memphis-based underground cable and fiber optic contractor was grappling with the delay between service delivery and payment receipt, hampering its ability to invest in essential network upgrades and expansion. With the city's demand for high-speed connectivity growing rapidly, the company needed a solution—and found it in factoring.

The partnership with the factoring company unfolded as follows: The factoring company advanced a substantial portion of the outstanding invoice value, enabling the contractor to reinvest in employees and equipment immediately. This injection of funds allowed the company to maintain a competitive edge by having the working capital to deploy crews quickly.

With the factor handling customer credit checks and collections, the provider reduced its administrative overhead, which allowed for a reallocation of resources to customer service and expansion. The factoring arrangement also meant the provider could offer customers more flexible payment options without compromising their cash flow.

The results were transformative. Within a year, the cable contractor had expanded its service area, tapping into new neighborhoods and commercial districts in Memphis. The company could then fulfill large contracts that previously would have been out of reach due to cash flow constraints, leading to a significant increase in market share and customer satisfaction.

Conclusion

For underground cable and fiber optic contractors, maintaining a steady stream of capital is crucial for staying afloat in an industry that demands constant innovation and rapid response to customer needs. Factoring provides a viable financial solution, turning receivables into working capital that can be used to keep pace with the fast-moving telecom and fiber optic sectors. The Memphis company's success story is a testament to the power of factoring in overcoming the financial obstacles faced by service providers, ensuring that they can continue to connect and communicate with the world around them.

Overcoming Financial Hurdles: How Factoring Benefits Memphis Trucking Fleet Owners

The trucking industry is the backbone of the American economy, and carriers face unique challenges that can impact their cash flow and operational efficiency. In Memphis, where the transportation sector is a significant economic driver, these challenges are especially pronounced due to the city's bustling commerce and harsh winters. However, freight bill factoring emerges as a viable solution, providing immediate relief and sustained financial support. This article explores the common hurdles trucking fleet owners encounter and illustrates the role of freight bill factoring through the success story of a Memphis-based trucking company.

The Roadblocks in Trucking

  • Fuel Costs: As the lifeblood of any trucking operation, fluctuating fuel prices can be challenging to manage. For fleet owners, the ability to predict and budget for fuel costs is often a guessing game that can significantly affect profitability.
  • Maintenance and Repairs: Routine maintenance and unexpected repairs are costly but necessary to keep trucks running safely and efficiently. These costs can escalate quickly in a city like Memphis, with its notorious potholes and winter wear.
  • Regulatory Compliance: Adhering to many regulations, including environmental and safety standards, adds another layer of complexity and expense to fleet operations.
  • Customer Payment Delays: Long payment terms and delayed customer payments can create cash flow gaps, making it challenging to cover immediate expenses like payroll and new equipment purchases.

Factoring: A Financial Lifeline

  • Immediate Cash Flow: Factoring companies provide cash advances on outstanding invoices, alleviating the cash flow squeeze and enabling fleet owners to invest in growth or cover expenses without delay.
  • Credit Management: Factoring companies often handle credit checks and collection services, reducing the burden on the trucking company's internal resources.
  • Flexible Financing: Unlike traditional loans, factoring does not incur debt. The financing scales with the company's sales volume, making it a flexible option that aligns with the ebb and flow of business.
  • Fuel Advance Programs: Some factors offer fuel advance programs directly or through partners, providing funds to cover fuel costs upon pickup of a load, which can be a game-changer for managing operational costs.

A Memphis Success Story

A mid-sized trucking company in the heart of Memphis's bustling intermodal district once faced the all-too-common scenario of cash flow disruption due to slow-paying customers. With a fleet of 10 trucks, the operational costs were high, and the 30- to 60-day payment terms were straining the company's finances. They turned to a freight bill factoring company specializing in transportation to alleviate their cash crunch.

The factoring firm provided an advance rate of 97% on the company's outstanding freight bills, injecting much-needed capital into the business almost immediately. This swift cash flow revitalization allowed the company to:

  • Stay on top of fuel costs, even when prices spiked unexpectedly.
  • Keep up with regular maintenance and deal with repairs promptly, reducing downtime.
  • Invest in compliance measures to meet the latest regulations without financial strain.
  • Offer competitive pay to their drivers, ensuring a satisfied and loyal workforce.

The factoring company also took over the management of receivables, which included performing credit checks on potential clients and handling collections. The additional back office support improved the efficiency of their operations and gave the company the confidence to expand its client base without the risk of bad debt.

Within a year of partnering with the factoring company, the Memphis trucking firm reported a 25% increase in its fleet size and a significant boost in profitability. The factoring solution turned out to be more than just a stop-gap measure; it became an integral component of their financial strategy, enabling them to navigate the trucking industry's challenges with confidence.

Conclusion

For trucking fleet owners in Memphis and beyond, invoice factoring offers a strategic advantage in a competitive and challenging industry. By providing immediate funds and credit checking services, factoring can help carriers maintain a steady cash flow, invest in their operations, and steer their way to success, just as it did for this Memphis trucking company. The road ahead may be fraught with challenges, but with factoring, trucking companies can find the support they need to thrive.

Types of Memphis Trucking
General Trucking

This involves the transportation of a wide variety of goods, often on pallets or in boxes. Typical customers include retailers, manufacturers, and businesses needing to move goods that don't require special handling.

Over-the-Road (OTR) Trucking

This service involves the hauling of freight over long distances, often across state lines and even national borders.

Intermodal Trucking

This service specializes in transporting shipping containers or trailers using multiple modes of transportation (e.g., rail, truck, drayage). Customers often include importers/exporters and companies involved in international trade.

Flatbed/Step-deck Trucks

These trucks are designed for carrying large, heavy, or oversized goods that don't fit within standard enclosed trailers. They serve industries like construction, heavy equipment manufacturers, and large machinery suppliers.

Refrigerated Trucking

Known as "reefer trucking," these services transport perishable goods that require temperature control. Customers include food producers, pharmaceutical companies, and any businesses needing to transport items sensitive to temperature.

Water Hauling

This service transports large quantities of water, typically for industrial or agricultural purposes. Customers can include oilfield fracking sites, farms, or communities needing water supply support.

Sand Hauling

Specializing in the transport of sand, often used in construction or fracking operations, customers are usually construction companies or oil and gas operations that use sand in drilling processes.

Oil & Gas

This trucking service focuses on the needs of the oil and gas industry, transporting materials like drilling equipment, pipes, and chemicals. The typical customers are energy companies and oilfield service providers.

Large Equipment

Transporting oversized machinery or equipment, this service is typically used by industries like construction, mining, and agriculture.

Auto and Car Hauling

These companies specialize in moving vehicles, including cars, motorcycles, and boats. Customers include automobile manufacturers, dealerships, and individuals relocating or buying vehicles online.

Tanker

Tanker trucking transports liquids or gases in large tanker trailers. Typical customers are chemical manufacturers, petroleum companies, and agricultural businesses needing liquid fertilizer.

Hot Shot

This service offers quick, often last-minute deliveries, usually of smaller loads. Customers often include businesses that need urgent delivery, such as equipment parts for oil fields or construction sites.

Expedited

Similar to hot shot trucking, expedited services offer fast delivery to meet tight deadlines. Customers can be in various industries, from manufacturing to retail, needing rapid shipment.

Oversize

Specializing in loads that exceed standard size limits for weight, height, or width. Customers are often involved in industries like construction, aerospace, or heavy machinery.

Dump Trucks

These trucks transport loose material such as dirt, gravel, or demolition waste. Customers include construction sites, landscaping companies, and municipal public works departments.

Less Than Truckload (LTL) and Truckload (TL)

LTL carriers handle shipments that do not require a full trailer, and TL carriers use an entire trailer. Customers can range from small businesses to large corporations with varying freight needs.

Dry Bulk

Transporting dry, bulk materials like grains, coal, or minerals, typical customers include farms, construction sites, and manufacturing plants requiring raw bulk materials.

Liquids
This service focuses on the transport of liquid goods that aren't necessarily hazardous, such as milk or water. Customers include food and beverage companies, as well as industrial manufacturers.

Hazmat
Specializing in transporting hazardous materials, and these trucking services must comply with strict regulations. Customers include chemical manufacturers, waste management companies, and any entity needing to transport dangerous goods.

Door-to-Door Delivery
Specializing in end-to-end transport of goods directly from the sender to the recipient. Customers are usually individuals or businesses looking for convenient delivery solutions for various types of goods.

Courier Delivery Service

A company providing a premium, all-inclusive delivery service that transports parcels or consignments from one place to another in the shortest time possible. Couriers typically use vehicles to make deliveries.

Final Mile Delivery

Specializing in the last part of moving the parcel or product from the transportation hub to the customer's home or business address.

Streamlining Success: Factoring as the Financial Engine for Manufacturing Firms

Owners of manufacturing companies operate complex businesses that are the backbone of the economy but often face significant financial headwinds. These businesses, particularly in large manufacturing hubs like Memphis, grapple with the cost of raw materials, machinery maintenance, and labor, all while waiting for customer payments that can take months to materialize. This article examines the fiscal challenges faced by manufacturers, how invoice factoring can bolster their financial operations, and a case study of a Memphis-based manufacturing company that effectively used factoring to accelerate its growth.

The Manufacturing Financial Bottleneck

  • High Overhead Costs: The expenses associated with running a manufacturing plant, such as energy, maintenance, and staffing, are substantial and constant.
  • Equipment Investment: Up-to-date machinery is essential for competitiveness but requires significant capital expenditure.
  • Supply Chain Delays: Manufacturers must manage inventory efficiently, but supply chain disruptions can tie up capital and affect production.
  • Extended Payment Terms: Customers often negotiate net-30, net-60, or even longer payment terms, which can severely strain cash flow.

Factoring: Fueling the Manufacturing Process

  • Immediate Working Capital: Factoring converts accounts receivable into quick cash, giving manufacturers the liquidity they need to operate smoothly.
  • Enhanced Cash Flow Management: With reliable cash flow from factoring, manufacturers can plan more effectively for routine expenses and unexpected costs.
  • Credit Risk Mitigation: Factoring companies typically manage credit checks and collections, reducing the risk of bad debt.
  • No Debt Accumulation: Unlike loans, factoring provides cash without adding debt to the company's balance sheet, preserving financial health and credit ratings.

A Memphis Manufacturer's Factoring Success

A mid-sized manufacturing firm in Memphis specializing in precision tools faced the classic cash flow crunch. With a robust order book but slow-paying clients, the company needed help to purchase raw materials and meet its payroll obligations on time.

Turning to a factoring company, the manufacturer found a way to keep its gears turning:

  • The factoring company purchased the outstanding invoices at a percentage of their value, injecting immediate cash into the business.
  • This influx of capital enabled the manufacturer to take advantage of early payment discounts from suppliers and negotiate better terms.
  • Freed from the burden of collections, the company redirected its focus to process improvements and quality assurance.
  • The factoring arrangement also offered insights into customer creditworthiness, allowing the manufacturer to avoid high-risk deals.

The results were transformative. Within months, the manufacturer not only stabilized but was also able to invest in advanced manufacturing technology, leading to increased efficiency and a higher-quality product offering. As a direct result of improved cash flow, the company expanded its market reach, ultimately increasing its sales volume by 30%.

Conclusion

For manufacturing companies, maintaining a robust and fluid financial pipeline is as crucial as the manufacturing process itself. Factoring provides a vital cash flow solution, allowing manufacturers to turn the potential energy of outstanding invoices into the kinetic energy of immediate working capital. The success story of the Memphis-based precision tool manufacturer demonstrates the power of factoring to drive growth and stability in the manufacturing sector, enabling companies to continue innovating and producing without financial interruption.

Fueling Financial Stability: The Impact of Factoring on Oilfield Services Companies

In the high-stakes world of oilfield services, managing cash flow is as challenging as drilling through bedrock. Owners of these companies navigate a maze of logistical hurdles, volatile economies, politics, and hefty operational costs. These challenges are amplified for oilfield services companies operating in and around the Illinois Basin, where the energy sector is a significant economic contributor. This article will drill down into the challenges these owners face, the role of factoring in mitigating financial risks, and the success story of an Illinois-based oilfield services company that struck black gold with factoring.

Drilling into the Challenges

  • Capital Intensity: Oilfield services require substantial upfront investments in specialized equipment and labor.
  • Price Fluctuations: The volatile nature of the energy market can lead to unpredictable revenue streams.
  • Long Payment Terms: Customers in this sector often operate on extended payment terms, which can create a cash flow crunch for their service providers.
  • Regulatory Compliance: Staying compliant with environmental and safety regulations can be costly and time-consuming.

Factoring: The Financial Wellhead

  • Quick Cash Injection: Factoring companies purchase outstanding invoices, providing immediate funds that oilfield service companies can use to maintain and expand operations.
  • Steady Cash Flow: This consistent source of working capital helps smooth out the financial ebbs and flows caused by market volatility and slow-paying customers.
  • Focus on Core Operations: With factoring companies handling receivables, oilfield service owners can concentrate on operational efficiencies and exploring new business opportunities.

An Illinois Success Story: Energizing Growth Through Factoring

An Illinois-based oilfield services company specializing in providing drilling and extraction equipment was facing the familiar problem of delayed payments from their customers. These delays were threatening to stall their operations and hinder their ability to pay their employees on time.

The turning point came when the company entered into a partnership with a factoring firm. This strategic move yielded several benefits:

  • Immediate funding on invoiced work enabled the company to meet its financial obligations without having to cut back on labor or operations.
  • The factoring company's expertise in handling the collections process meant the oilfield services company could dedicate more time to securing new contracts and maintaining equipment.
  • As the factoring company also performed credit assessments on potential clients, the oilfield services company was better positioned to engage with customers who had reliable payment histories.
  • The additional cash flow allowed the company to invest in more efficient roustabout equipment, which reduced operating costs and increased profitability.

Within a year of using factoring services, the Illinois company had not only solidified its financial base but also expanded its operations into new markets in the Illinois Basin. The financial stability provided by factoring enabled the company to capitalize on emerging opportunities, propelling them to the forefront of oilfield services providers in the region.

Conclusion

For oilfield services company owners, maintaining a steady flow of capital is as vital as the oil that flows through the pipelines they help to build and maintain. Factoring provides a powerful financial tool to convert outstanding invoices into immediate working capital. The experience of the Illinois-based oilfield services company demonstrates how effectively factoring can help navigate the financial pressures of the energy sector, ensuring that these companies can continue to operate at peak efficiency and pursue growth opportunities in an ever-fluctuating market.

Securing Stability: The Role of Factoring in Supporting Security Guard Businesses

The business of providing security services is fraught with unique challenges. For owners of security guard companies, maintaining a steady cash flow is as critical as ensuring the safety and security of their customers' premises. These challenges are amplified in a city like Memphis, where the demand for security services is high, and the pace of business is relentless. In this article, we'll discuss the common hurdles faced by security guard company owners, the advantages of using invoice factoring, and a case study of a Memphis security firm that successfully leveraged factoring to enhance its business operations.

Operational Challenges for Security Guard Companies

  • Payroll Commitments: Security guard companies typically pay their employees on a weekly or bi-weekly basis, while their customers may settle invoices on a 30 to 60-day cycle, leading to cash flow discrepancies.
  • Training and Certification Costs: Ongoing training to comply with state regulations and certifications can be expensive and time-consuming.
  • High Insurance Premiums: Given the risk associated with security work, these companies often face high insurance costs to cover their operations and workforce.
  • Rapid Response to Demand: Security threats can arise unpredictably, requiring companies to quickly allocate or hire additional staff, which can strain financial resources.

Factoring as a Strategic Financial Tool

  • Improved Cash Flow Management: Factoring converts accounts receivable into immediate cash, ensuring that security companies can meet payroll and other operational costs without interruption.
  • Customer Credit Management: Factoring companies often undertake the responsibility of conducting credit checks on potential customers, thereby reducing the risk of non-payment.
  • Debt-Free Financing: Since factoring is not a loan, it doesn't incur debt, allowing security companies to maintain a clean balance sheet.
  • Focus on Core Business: With the factoring company handling collections, security guard business owners can concentrate on training staff, improving services, and expanding their customer base.

A Memphis Story: Enhancing Security Through Factoring

A small-sized security guard company in Memphis specializing in commercial property protection faced the common problem of cash flow gaps due to slow-paying customers. The company's growth was hindered as it struggled to cover the operational costs associated with payroll, hiring, and training guards for expanding contracts.

The company turned to a factoring firm for a solution. The partnership unfolded as follows:

  • The factoring company offered to purchase the outstanding invoices at an agreed-upon advance rate, providing the security company with much-needed liquidity within 24 hours of invoicing customers.
  • With the immediate injection of cash, the security company was able to meet its payroll obligations, retain its workforce, and expand into new regions.
  • The factor's efficient handling of receivables and collections meant the company could devote more time to strategic planning and quality control, key areas that had been previously neglected due to financial constraints.
  • The security company also benefited from the factoring company's credit services, which allowed it to evaluate new contracts more effectively and avoid engaging with clients who had poor credit histories.

As a result of factoring, the Memphis security company not only stabilized its finances but also expanded its services to include special event security and executive protection. The firm experienced a 40% increase in contract acquisitions over the next year, bolstered by the ability to deploy guards at short notice without the worry of cash flow interruptions.

Conclusion

For security guard companies, the road to success is paved with the assurance of steady cash flow and the ability to respond swiftly to market demands. Factoring offers a lifeline to these businesses, transforming their invoiced sales into immediate operational capital. The success of the Memphis security guard company underscores the effectiveness of factoring in overcoming the industry's financial challenges, enabling security businesses to focus on their primary goal: keeping their clients safe and secure.

Navigating Cash Flow Challenges: The Strategic Role of Factoring for Staffing Agencies

In the dynamic landscape of staffing, companies constantly grapple with the pressure to balance payroll commitments with the unpredictable timing of customer payments. Staffing company owners, particularly in a bustling labor market like Memphis, must ensure that they can meet their financial obligations on time to maintain their reputation and operational stability and retain the best employees. Invoice factoring has emerged as a strategic financial tool that can help staffing agencies overcome their unique challenges. This article delves into these challenges and reveals how a Memphis-based staffing firm used factoring to stabilize and grow its operations.

The Hiring Hurdles for Staffing Companies

  • Payroll Demands: Staffing agencies must pay their employees and temporary workers regularly, regardless of when their customers settle invoices, which can lead to significant cash flow gaps.
  • Seasonal Fluctuations: The demand for staff can vary with seasons and economic cycles, creating periods of feast or famine that are hard to manage financially.
  • Growth Investment: To remain competitive, staffing companies need to invest in recruiting talent, marketing, and technology, which requires available capital.
  • Client Diversification: Relying on a few large customers can be risky. If one delays payment, it can disproportionately affect the agency's cash flow.

Factoring as a Financial Anchor

  • Consistent Cash Flow: Factoring converts outstanding invoices into immediate working capital, ensuring that staffing agencies can meet payroll and other expenses without interruption.
  • Risk Mitigation: By advancing funds against invoices, factoring helps staffing companies spread their credit risk and avoid over-reliance on any single customer.
  • Administrative Relief: Factoring companies take on the task of managing receivables and collections, freeing up staffing company owners to focus on core business activities.
  • No Debt Added: Unlike traditional loans, factoring does not create debt on the company's balance sheet, preserving credit ratings and borrowing capacity.

Success in Memphis: A Staffing Agency's Factoring Journey

A mid-sized staffing firm in Memphis specializing in IT and administrative positions faced the common industry challenge of delayed invoice payments. With a large portion of its workforce on weekly pay cycles, the agency struggled to bridge the gap between incoming revenue and outgoing payroll.

The turning point came when they partnered with a reputable factoring company that had expertise in the staffing industry. This collaboration provided the agency with several immediate benefits:

  • The factoring company advanced 90% of the invoice values within 24 hours, injecting liquidity and enabling timely payroll fulfillment.
  • With the factoring facility in place, the agency was able to take on larger customers and fill more positions, confident that cash flow would no longer be a constraint.
  • The burden of credit checks and collections was shifted to the factor, reducing overhead and improving operational efficiency.
  • The additional working capital allowed the agency to invest in a new applicant tracking system, enhancing its service offerings and candidate placement speed.

Within six months, the Memphis staffing firm had expanded its market share and was servicing a broader range of industries. The partnership with the factoring company not only stabilized their cash flow but also supported a strategic expansion that might have otherwise been too risky.

Conclusion

For staffing companies facing the tightrope walk of cash flow management, factoring provides a safety net that can transform financial uncertainty into a strategic advantage. As demonstrated by the Memphis staffing agency, leveraging factored invoices can support payroll obligations, drive growth, and allow owners to focus on what they do best: connecting the right people with the right jobs. In the staffing industry, where timing is critical, factoring ensures that financial resources are available exactly when they are needed.

Sustaining the Supply Chain: The Strategic Role of Factoring for Wholesale Distributors

Wholesale distributors are pivotal players in the supply chain, ensuring the smooth transit of goods from manufacturers to retailers and other buyers. However, they often find themselves squeezed between the manufacturers demanding prompt payment and the retailers who typically seek longer payment terms. This dynamic can place a heavy burden on the distributor's cash flow, particularly in competitive markets like Memphis, where margins are thin and the pace is fast. This article outlines the challenges faced by wholesale distributors, explains how factoring can provide much-needed financial flexibility, and recounts the experience of a Memphis-based wholesale distributor that found a robust solution in factoring.

Financial Hurdles in Wholesale Distribution

  • Inventory Costs: Holding enough inventory to meet customer demand requires substantial capital.
  • Tight Margins: Wholesale distributors often operate on slim profit margins, where cash flow management is critical to survival.
  • Extended Payment Cycles: Customers often negotiate 30 to 60-day payment terms, which can delay cash flow.
  • Rapid Scale Requirements: To stay competitive, distributors may need to scale operations quickly, which can be capital-intensive.

Factoring: Unboxing Liquidity for Distributors

  • Cash Flow Acceleration: Factoring promptly converts accounts receivable into cash, alleviating the wait for customer payments.
  • Credit Risk Mitigation: Factoring companies typically manage credit checks and collections, reducing the risk of non-payment for the distributor.
  • No Additional Debt: Since factoring is not a loan, it doesn't leverage the company's balance sheet, keeping debt ratios low.
  • Administrative Support: Factoring companies handle collections, reducing the administrative burden on distributors and allowing them to focus on core operations.

A Success Story from the Windy City

A Memphis-based wholesale distributor specializing in consumer electronics was struggling to bridge the gap between paying suppliers and receiving customer payments. The situation limited their ability to negotiate better terms with suppliers and stunted their growth.

The distributor turned to a factoring company for a solution. The partnership resulted in several immediate and long-term benefits:

  • The factoring company funded 90% of the distributor's invoices, providing the distributor with the working capital needed to pay suppliers and invest in more inventory.
  • This immediate cash injection allowed the distributor to leverage early payment discounts from suppliers and negotiate bulk purchase rates.
  • The distributor could also extend competitive payment terms to their customers without compromising their cash flow.

By leveraging the factoring company's services, the distributor was able to focus on expanding their product lines and improving customer service rather than managing receivables.

Within a year of partnering with the factoring company, the wholesale distributor had significantly increased its inventory turnover rate, expanded its customer base, and improved its bottom line. The company went from experiencing cash flow shortages to being a competitive force in the Memphis market, ready to capitalize on bulk purchasing opportunities and rapid scaling.

Conclusion

For wholesale distributors, managing cash flow is not just a financial task; it's a strategic operation that directly impacts their ability to serve customers and grow their business. Factoring offers a pathway to liquidity that aligns with the unique challenges of wholesale distribution. The Memphis-based distributor's story underscores the effectiveness of factoring as a tool for financial management, enabling wholesale distributors to turn the potential of their receivables into the power of cash in hand, fueling growth and operational efficiency.

Navigating the Financial Challenges in Memphis Food Manufacturing: The Success Story of Frustrated Food Manufacturer

In the bustling city of Memphis, a food manufacturing company owner faced a common yet daunting challenge: managing cash flow effectively. Like many in the industry, he grappled with the high costs of production, fluctuating market demands, and the lengthy wait for customer payments. These financial pressures can be overwhelming, creating a sense of frustration and uncertainty for business owners.

The Challenges Faced by Food Manufacturers

1. High Operational Costs

  • Equipment and Maintenance: The need for specialized machinery and its upkeep.
  • Raw Material Costs: Fluctuating prices of ingredients and supplies.
  • Labor Expenses: Managing wages in a labor-intensive industry.

2. Market Volatility

  • Consumer Trends: Adapting to changing dietary preferences and trends.
  • Seasonal Demands: Coping with peak and off-peak production cycles.

3. Cash Flow Constraints

  • Net 30-Day Payment Terms: Struggling with the gap between product delivery and receiving payment from the customer.
  • Financial Issues: Balancing incoming and outgoing funds to avoid late fees, overdraft fees or missed opportunities due to insufficient funds.

How Factoring Offers a Lifeline

Factoring, a financial strategy where a business sells its invoices to a third party at a discount for immediate cash, emerged as a beacon of hope for our Memphis-based food manufacturer. This approach addresses several key issues:

  • Immediate Cash Flow: Provides quick access to working capital.
  • Reduced Credit Risk: The factoring company handles credit checks on customers.
  • Focus on Core Business: Less time spent on managing receivables.

Embracing Factoring and the Turning Point

Faced with mounting pressure, the Memphis food manufacturer decided to partner with a factoring company. This decision marked a significant turning point.

Emotional Journey

  • Initial Skepticism: Concerns about the cost, process and perception.
  • Relief and Optimism: Experiencing the immediate benefits of improved cash flow.
  • Confidence in Growth: Ability to invest in new equipment and expand product lines.

Conclusion: Factoring - A Versatile Solution for Various Industries

Factoring isn't exclusive to food manufacturing. It's a versatile financial tool used by various manufacturing sectors to alleviate financial strain. Industries benefiting from factoring include:

  • Plastics Manufacturing: Overcoming financial barriers to maintain production efficiency and growth.
  • Pallet Manufacturing: Managing operational costs and adapting to market demand fluctuations.
  • Precision Tools Manufacturing: Navigating high equipment costs, skilled labor requirements, and innovation investments.
  • Food Manufacturing: Tackling the unique challenges as highlighted in our Memphis success story, including managing perishable goods production, seasonal variations, and market volatility.

Factoring offers a practical solution for manufacturers facing financial challenges. It provides immediate cash flow, reduces credit risk, and allows business owners to focus on their core operations, fostering growth and stability in a competitive market.

Overcoming Financial Hurdles for a Struggling Plastics Manufacturer: A Memphis Success Story

In the heart of Memphis, a plastics manufacturing company owner faced a series of challenges that are all too familiar in the industry. The owner, a determined woman with a passion for her business, found herself grappling with the financial complexities that often plague manufacturers. Her story is one of frustration, strategic decision-making, and eventual triumph, thanks to the intervention of factoring.

The Challenges in Plastic Manufacturing

1. High Production Costs

  • Material Expenses: The fluctuating costs of raw plastics and chemicals.
  • Equipment Maintenance: Regular upkeep and upgrading of specialized machinery.
  • Energy Consumption: Significant energy requirements for production processes.

2. Market Competition and Price Pressures

  • Global Competition: Staying competitive in a market with international players.
  • Price Sensitivity: Balancing quality with cost-effectiveness.

3. Cash Flow Constraints

  • Net 30-Day Payment Terms: Struggling with the gap between product delivery and receiving payment from the customer, which can take as long as thirty to sixty days.
  • Financial Issues: Balancing incoming and outgoing funds to avoid late fees, overdraft fees, or missed opportunities due to insufficient funds.
  • Investment in Innovation: The need for continual investment in technology and product development.

The Role of Factoring in Easing Financial Strain

Factoring emerged as a solution for the Memphis-based plastics manufacturer, offering several key benefits:

  • Improved Cash Flow: Immediate access to funds from sold invoices.
  • Credit Management: The factoring company handles credit services, reducing the burden.
  • Focus on Growth: Freed resources allow for a focus on innovation and expansion.

The Decision to Factor

The owner, initially wary of external financial interventions, decided to explore factoring as a solution to her cash flow problems.

Emotional Journey

  • Initial Apprehension: Concerns about the implications of factoring on her business, including cost, process, and perception.
  • Relief and Empowerment: The immediate impact of improved cash flow on business operations.
  • Renewed Confidence: The ability to invest in new technologies and expand market reach.

Conclusion: Factoring as a Universal Solution in Manufacturing

Factoring is not just beneficial for plastics manufacturing; it's a versatile tool across various manufacturing sectors. Industries that commonly use factoring include:

  • Pallet Manufacturing: Managing operational costs and adapting to market demand fluctuations.
  • Precision Tools Manufacturing: Navigating high equipment costs, skilled labor requirements, and innovation investments.
  • Food Manufacturing: Tackling perishable goods production, seasonal variations, and market volatility.
  • Plastics Manufacturing: As illustrated by our Memphis success story, overcoming financial challenges fosters growth and innovation.

In summary, factoring provides:

  • A lifeline for manufacturers facing financial challenges.
  • Offering immediate cash flow.
  • Credit management.
  • The opportunity to focus on core business growth.

It's a strategy that has proven effective across various sectors, enabling stability and expansion in competitive markets.

Navigating Financial Challenges in Precision Tool Manufacturing: The Trials of a Precision Tool Manufacturer

In the competitive landscape of Memphis's manufacturing sector, a precision tool manufacturing company owner faced a myriad of challenges. Precision tool manufacturing, known for its high standards and intricate work, demands not only technical expertise but also a robust financial strategy to thrive. The owner, caught in the intricate web of financial pressures, experienced a journey from frustration to relief and success through the strategic use of factoring.

The Unique Challenges in Precision Tool Manufacturing

1. High Operational Costs

  • Advanced Equipment: Investment in high-precision machinery.
  • Maintenance and Upgrades: Regular upkeep and technological updates.
  • Skilled Labor: The necessity for a highly trained and specialized workforce.

2. Market Dynamics

  • Client Expectations: Meeting high-quality standards and precision requirements.
  • Competitive Landscape: Staying ahead in a field with both local and global competitors.

3. Cash Flow Constraints

  • Lengthy Production Cycles: Extended time from production to delivery.
  • Net 30-Day Payment Terms: Struggling with the gap between product delivery and receiving payment from the customer, which can take as long as thirty to sixty days.
  • Financial Issues: Balancing incoming and outgoing funds to avoid late fees, overdraft fees, or missed opportunities due to insufficient funds.

The Solution: Factoring as a Financial Lifeline

Factoring, the process of selling accounts receivable to a third party at a discount for immediate cash, presented a viable solution for the Memphis-based company.

  • Immediate Liquidity: Quick access to working capital.
  • Credit Risk Management: The factoring company assumes the risk of client creditworthiness.
  • Focus on Core Operations: Reducing the burden of managing accounts receivable.

Embracing Factoring: The Turning Point

The decision to engage with a factoring company marked a significant shift in the company's financial management approach.

Emotional Journey

  • Initial Hesitation: Concerns about the cost and impact on customer relationships.
  • Sense of Relief: Experiencing the immediate effect of improved cash flow.
  • Confidence and Growth: The ability to invest in new technologies and expand the business.

Conclusion: Factoring Across Manufacturing Sectors

Factoring proves to be an effective financial strategy not only for precision tool manufacturers but also for various other sectors in the manufacturing industry. These include:

  • Food Manufacturing: Dealing with perishable goods production and fluctuating market demands.
  • Plastics Manufacturing: Overcoming financial barriers to maintain production efficiency and growth.
  • Pallet Manufacturing: Managing operational costs and adapting to market demand fluctuations.
  • Precision Tool Manufacturing: As illustrated by our Memphis success story, overcoming financial barriers to maintain high standards of production and growth.

In summary, factoring offers a practical and effective solution for manufacturers facing financial constraints. It provides immediate cash flow, mitigates credit risk, and allows businesses to concentrate on their core operations, fostering growth and stability in a highly competitive environment.

Solving Financial Puzzles for a Struggling Pallet Manufactuer: A Memphis Company's Triumph

In the industrial heartland of Memphis, a pallet manufacturing company owner faced the daunting challenges that are typical in this niche yet essential sector. Pallet manufacturing, crucial for logistics and supply chains, requires a delicate balance of cost management, production efficiency, and timely payments. The owner, deeply entrenched in the daily grind, encountered a series of frustrations that threatened the stability and growth of his business.

The Challenges in Pallet Manufacturing

1. Material and Operational Costs

  • Wood and Hardware Costs: Fluctuating prices of lumber and other materials.
  • Equipment Maintenance: Keeping machinery in optimal condition.
  • Energy Expenses: High energy usage in production processes.

2. Market Competition and Demand Fluctuations

  • Competitive Pricing: Staying competitive while maintaining profitability.
  • Demand Variability: Adapting to the ebb and flow of market demand.

3. Cash Flow Constraints

  • Net 30-Day Payment Terms: Struggling with the gap between product delivery and receiving payment from the customer, which can take as long as thirty to sixty days.
  • Financial Issues: Balancing incoming and outgoing funds to avoid late fees, overdraft fees, or missed opportunities due to insufficient funds.
  • Capital for Growth: Difficulty in securing funds for expansion or modernization.

Factoring as a Financial Solution

The owner discovered factoring as a potential solution to his financial woes, offering:

  • Immediate Cash Flow: Quick access to capital through selling outstanding invoices.
  • Credit Management: Shifting the burden of credit checks and collections to the factoring company.
  • Operational Focus: Allowing the owner to concentrate on running and growing the business.

The Turning Point: the Decision to Factor

The decision to use a factoring service marked a pivotal moment in the emotional journey of the pallet manufacturing company.

  • Initial Skepticism: Concerns about the cost and impact on customer relationships.
  • Relief and Stability: The immediate impact of improved cash flow on daily operations.
  • Renewed Optimism: The ability to plan for future investments and expansions.

Conclusion: Factoring Across the Manufacturing Spectrum

Factoring is a versatile financial tool that benefits various manufacturing sectors, including:

  • Food Manufacturing: Dealing with perishable goods production and fluctuating market demands.
  • Plastics Manufacturing: Overcoming financial barriers to maintain production efficiency and growth.
  • Precision Tools Manufacturing: Navigating high equipment costs, skilled labor requirements, and innovation investments.
  • Pallet Manufacturing: As illustrated by our Memphis success story, overcoming financial challenges to maintain operational efficiency and growth.

In summary, factoring offers a practical solution for manufacturers facing cash flow challenges. It provides immediate financial relief, eases the burden of credit management, and allows businesses to focus on their core operations, fostering growth and stability in a competitive market.

Expanding Your Horizons with Our Nationwide Factoring Services

As a forward-thinking business owner aligning with us, a nationwide factoring company, you tap into a reservoir of strategic advantages. Our expansive reach across the nation means that wherever your business takes you, we're right there with you, providing consistent, reliable funding solutions.

With us, geographic constraints dissolve. We empower you to broaden your market, serving customers far and wide without a hitch. This seamless scalability is the catalyst that will propel your company into its next growth phase.

We bring a breadth of knowledge to the table, cultivated from a diverse, nationwide clientele. Our insights are your assets—we help navigate your business through complex market landscapes with expertise and finesse.

Delegate the credit assessments and collection processes to us. Our robust risk management tools and seasoned professionals mean you can focus on your core business operations, confident in the financial backing we provide.

Our services go beyond mere invoice factoring. Embrace the full spectrum of financial solutions we offer, designed to streamline your operations and drive growth while you concentrate on achieving your business ambitions.

Agile Funding for Rapid Growth

When opportunity knocks, we ensure you're ready to answer. Our agile funding solutions are crafted to support your success, adapting quickly to the ebb and flow of your business needs.

Through us, your network becomes nationwide. Access new markets, forge new partnerships, and unlock possibilities that local factoring simply cannot offer. We're the springboard for your nationwide expansion.

Leveraging Technology for Success

Step into the future with our cutting-edge technology. Our online platform enhances your funding experience, delivering speed, efficiency, and transparency directly to your fingertips.

Expect swift, decisive action from us. We understand the value of time, ensuring your funding requests are met with prompt responses, allowing you to maintain momentum and keep your business moving forward.

Credibility and Professional Image

Partnering with us elevates your business stature. Customers and competitors alike will take note when they see you're backed by a nationwide factoring leader in business over 45 years, enhancing your reputation and positioning you as a force in your industry.

Working with us is a statement of ambition—it says you're aiming high and choosing a partner equipped to meet those aspirations. We are more than a provider; we are a pillar of support for your vision, driving the financial stability and growth you deserve.

In collaborating with us, you're not just gaining a service provider—you're gaining a partner vested in your success. We're committed to fostering a strong, prosperous relationship that will see your business soar to new heights nationwide.

Factoring nationwide, including these cities:

New York Chicago
Houston Phoenix San Antonio
Dallas
Austin Jacksonville Indianapolis
Columbus Fort Worth
Charlotte Memphis Nashville
Atlanta
Denver

This glossary offers insights into the terminology commonly used in the factoring industry, providing examples to help clarify these concepts for business owners exploring this financing option.

Accounts Receivable

Funds due to a company for goods or services provided, not yet paid by customers.
Example: A Memphis-based pallet manufacturing company has delivered product totaling $30,000 for local businesses, which is due for payment.

Advance Rate

The fraction of an invoice's value paid upfront by a factoring company.
Example: A Memphis trucking company receives a 97% advance rate on a $1,000 invoice, netting them $970 upfront from a local factoring firm.

Assignment

The transfer of a company's right to collect invoice payments to a factoring company.
Example: A staffing company in Memphis assigns the right to collect on $40,000 worth of invoices to a factoring company.

Bad Debt

Debt considered irrecoverable and written off as a loss.
Example: When a Memphis retail store declares bankruptcy and cannot settle a $5,000 invoice, the supplier writes it off as bad debt.

Credit Check

An evaluation to assess the credit standing of a potential debtor.
Example: A factoring company in Memphis performs a credit check on an electronics retailer before agreeing to factor their invoices.

Debtor

An individual or company that owes money to another; in factoring, this is the client's customer.
Example: A construction firm in Memphis owes for supplies received on credit, making it a debtor to the local materials supplier.

Discount Rate

The charge applied by a factoring company for its services is typically a percentage of the total invoice.
Example: A Memphis-based logistics company is charged a 3% discount rate on a $20,000 invoice, totaling $600 in fees.

Due Diligence

An in-depth verification process by the factor of the submitted invoices.
Example: A Memphis factoring firm reviews a new client's invoicing, purchase orders, and accounts receivable to confirm reliability.

Factoring

The sale of accounts receivable to a third party for immediate cash.
Example: A Memphis transportation company factors $50,000 in outstanding invoices to manage its cash flow.

Factoring Agreement

The contract which outlines the factoring terms between the business and the factoring company.
Example: A Memphis autobody repair shop signs a factoring agreement detailing the advance rates, fees, and obligations involved in the transaction.

Invoice

A billing statement requesting payment for services or goods provided.
Example: A Memphis furniture distributor issues a $15,000 invoice to a retail chain for a recent delivery.

Invoice Discounting

Using outstanding invoices as collateral for borrowing money.
Example: A software firm in Memphis uses invoice discounting to draw funds against $100,000 worth of issued invoices.

Notification

The process of informing customers that an invoice has been factored and payment should go to the factor.
Example: Customers of a Memphis print shop are notified to direct payments to the factoring company after their invoices are factored.

Receivables Aging

A classification report of outstanding invoices by the age of each debt.
Example: A Memphis-based intermodal carrier's aging report indicates several invoices unpaid for over 90 days.

Recourse Factoring

A factoring arrangement where the client is responsible for buying back any unpaid invoices.
Example: A Memphis facility maintenance company must repurchase a $10,000 invoice a customer failed to pay.

Reserve

The portion of invoice funds the factor withholds until the customer pays, ensuring cover for any discrepancies.
Example: A Memphis factoring company holds a 10% reserve on a $100,000 invoice until the customer settles the payment.

Verification

Confirming the validity of an invoice with the customer before the factoring process is completed.
Example: Before advancing funds, a factoring company in Memphis verifies that the customer received and accepted a shipment of goods.

Working Capital

The money a business uses for everyday operations is calculated by subtracting current liabilities from current assets.
Example: A Memphis tech startup has current assets of $120,000 and liabilities of $70,000, equating to $50,000 in working capital.

Factoring Benefits

Advantages of Using Factoring:

  • Free up your time to focus on your business, instead of stressing over cash flow.
  • Forget about monthly loan repayments. Receive your money in just two to four days.
  • Stay in total control of your business operations.
  • Cut down or completely remove the costs linked to the payment collection process.
  • Get a firmer grip on your cash flow by choosing which invoices to sell and when.
  • Get ahead of clients who delay payments.
  • Enhance your business productivity and sales.
  • Benefit from expert services for collection and checking credit.
  • Never miss meeting your payroll requirements.
  • Effortlessly cover your payroll taxes.
  • Offer cash discounts for your supplies.
  • Boost your purchasing power, enabling you to get discounts for bulk purchases or early payments.
  • Improve your credit rating by always having enough cash to settle bills on time.
  • Have the necessary cash for expanding your business.
  • Allocate funds for promoting your business.
  • Improve your financial statement.
  • Receive complete and thorough reports regarding your accounts receivable portfolio.

How Factoring Works

First Step: Filling Out the Application

You start by completing a basic application we give you. This application asks for simple details like your company's name and address, what your business does, and information about your customers.

You might also have to give us documents like an accounts receivable aging report or information about your customers' credit limits. Keep in mind that the factoring company will try to figure out how likely your customers are to pay their bills, regardless of their past history with your business. We want a bigger picture of their overall financial situation.

In this first step, you'll also discuss the financial setup with the factoring company. This includes things like how many invoices you want to factor every month (or how much money you need to have on hand), what the advance rate and discount rate will be, and how fast the factoring company will give you the advance.

Usually, the answers to these questions change based on how financially strong your customers are and how much you expect to sell and factor every month. There might be differences based on what industry you're in, how long you've been in business, and how risky your customers are. For example, if you have many high-risk customers, you'll likely pay more in factoring fees than if you only have a few government customers who pay slowly.

In the factoring world, the amount of money you're factoring is really important. The more invoices you factor (or the more money you're dealing with), the better your rates will be.

The factoring company will use the application you give them to decide if factoring is a good fit for your business. They'll do this by weighing the risks and rewards based on the information you gave them.

Once you're approved, you can expect to start negotiating the specifics of the deal. These negotiations take many parts of the deal into account. For example, if you want to factor $10,000, you won't get as good a deal as a company that wants to factor $500,000.

During these negotiations, you'll get a clear idea of how much it costs to factor your accounts receivable. After you and the factoring company agree on the terms, they'll start the funding process. They do this by checking your customers' credit, looking for any issues with your company, and making sure your invoice is legitimate before they buy your receivables and give you the cash advance.

Should You Consider Invoice Factoring?

Invoice factoring might be a good option for your business. It's not just about the fee, but also how it can help increase your profits. Let's dive deeper into how this works.

How are fees and advances calculated in invoice factoring?

Several factors influence this:

  • Your clients' credit scores
  • How much you bill each month
  • The size of your average invoice
    • How long it takes to get paid on average

Fees usually range between 2-5% of the total invoice value. For instance, a 3% fee on a $1,000 invoice would be $30.

What does 'advance' mean in this context?

It's the money you get right away when we buy your invoice. Once your customer pays the invoice, you'll receive the balance. The advance can be anywhere from 60-95% of the total invoice value. For example, on a $1,000 invoice, an 80% advance is $800. When your customer pays the invoice, you'll get the remaining $200 (minus the factoring fee).

How does invoice factoring compare to bank loans?

At first glance, factoring might seem more expensive than a traditional bank loan. But it's worth addressing a few common questions or concerns:

  • A 3% monthly rate? Isn't that 36% annually?
    While it's easy to look at it that way, it's not an apples-to-apples comparison. Banks give you an annual interest rate, like 12%, on a loan. We buy your invoices at a discount. Plus, unlike a one-time loan from a bank, we continuously provide you with cash. Imagine if you factor $100,000 every month for a year. That's $1.2 million you can use throughout the year, compared to a one-off $100,000 bank loan. Even with a 3% factoring fee, your yearly cost is $36,000 (12 times $3,000), which is still only 3% of $1.2 million. And you have no debt at year's end!
  • I'm only making a 3% profit. How can I afford a 3% factoring fee?
    Even if you're currently at a 3% profit margin, factoring could help you increase your business volume and hence your profit. As your business grows, your fixed costs (like rent and utilities) won't necessarily increase at the same rate. With higher sales volume and lower relative costs, your profit margin could go up.
  • How does the math work if I could double my sales with factoring?
    Let's look at a simple example comparing scenarios with and without factoring:
    • Without Factoring:
    • Monthly Gross Sales: $50,000
    • Cost of Goods Sold: $30,000 (60% of Gross Sales)
    • Monthly Gross Profit: $20,000 (40% of Gross Sales)
    • Fixed Expenses: $10,000
    • Variable Expenses: $8,500 (17% of Gross sales)
    • Factoring Fee: N/A
    • Total Expenses: $18,500 (37% of Gross Sales)
    • Monthly Net Profit: $1,500 (3% of Gross Sales)
    With Factoring:
    • Monthly Gross Sales: $100,000
    • Cost of Goods Sold: $60,000 (60% of Gross Sales)
    • Monthly Gross Profit: $40,000 (40% of Gross Sales)
    • Fixed Expenses: $10,000
    • Variable Expenses: $17,000 (17% of Gross Sales)
    • Factoring Fee: $3,000 (3% Fee)
    • Total Expenses: $30,000 (30% of Gross Sales)
    • Monthly Net Profit: $10,000 (10% of Gross Sales)
  • But don't I only get 80% of my money upfront?
    Typically, the advance rate ranges from 80%-97%. Let's say the rate is 80%. If you factor $100,000 in January, you'd get $80,000 upfront. The remaining $20,000 consists of the fee (3%, or $3,000) and the reserve (17%, or $17,000). In February, you factor another $100,000 and get $80,000. Plus, you get the January reserve of $17,000 (assuming your customer pays within 30 days). So, in effect, you receive 97% of your money in February. This pattern continues in subsequent months.
  • What if my customers take longer than 30 days to pay?
    No worries. You can either wait for 30 days before factoring the invoice or choose to factor invoices of customers who pay quicker to get the cash you need.

Why Factoring?

How Factoring Can Help Small Businesses Thrive

Factoring is like a financial boost that can help small businesses succeed in simple terms. Here's how it works:

  • Quick Access to Cash
    Small businesses sometimes struggle to get the money they need for their everyday expenses or to grow. Factoring gives them a way to get cash quickly by selling their unpaid customer invoices to a company that specializes in this. It's like getting an instant payment for the work they've done or the products they've sold.
  • Better Money Management
    Managing money is important for any business, and factoring can make it easier for small businesses. Instead of waiting for customers to pay, factoring provides a steady stream of money that keeps the business running smoothly. It's like having a reliable source of funds to pay bills, buy supplies, and invest in new opportunities.
  • Building a Good Reputation
    Factoring can also help small businesses build a good reputation with suppliers and lenders. When they can pay their bills on time, it shows that they're trustworthy and responsible. This can lead to better deals with suppliers and open up more options for loans or other types of financial help in the future.
  • Growing the Business
    With the extra cash from factoring, small businesses have the freedom to expand and grow. They can use the money to hire more employees, buy new equipment, or reach more customers through advertising. It's like having the resources to take their business to the next level and seize exciting opportunities.
  • Simplifying Finances
    Keeping track of customer invoices and collecting payments can be a hassle for small businesses. Factoring companies take care of these tasks, so small businesses can focus on what they do best. It's like having a helpful partner who handles all the paperwork and makes sure the money comes in smoothly.
  • Lowering Financial Risks
    Factoring companies also help small businesses reduce the risks associated with customers who don't pay on time or don't pay at all. They check the creditworthiness of customers and take responsibility for collecting payments. This gives small businesses peace of mind and protects them from losing money.
  • Flexibility for Success
    Factoring is flexible and can adapt to the changing needs of small businesses. As their sales grow and they generate more invoices, they can access more funding through factoring. It's like having a financial solution that grows with them, providing the support they need to thrive.

In simple terms, factoring gives small businesses quick access to cash, helps them manage their money better, builds a good reputation, supports growth, simplifies finances, lowers financial risks, and offers flexibility for success. With factoring, small businesses can overcome financial challenges and create a path to long-term prosperity.

Factoring History

Factoring: Empowering Businesses to Thrive and Flourish

Welcome to the world of factoring, where businesses discover the power to thrive and flourish. Whether you're a seasoned entrepreneur or a budding business owner, factoring can be the key to unlocking your business's true potential.

It's surprising that factoring often remains overlooked, with many business owners unaware of its immense benefits. Yet, factoring serves as a catalyst for growth, providing businesses with the financial boost they need to succeed.

But what exactly is factoring? At its core, factoring involves selling your accounts receivable (invoices) to a specialized financial institution at a discount. In today's competitive landscape, offering credit terms to customers is essential for attracting and retaining business. However, waiting for payments can strain your cash flow and hinder your ability to invest, expand, and take advantage of new opportunities.

Factoring has a rich history that spans centuries, evolving and adapting to meet the changing needs of businesses. Today, factoring empowers businesses to access immediate cash flow by converting their unpaid invoices into working capital. This influx of funds enables you to cover expenses, invest in growth initiatives, and navigate the ups and downs of the business world with confidence.

Factoring is not limited to specific industries or business sizes. Whether you're in manufacturing, services, or retail, factoring can be tailored to meet your unique needs. It provides the flexibility to grow and adapt alongside your business, supporting your journey towards success.

Working with a reputable factor brings additional advantages. Factors offer expertise in credit analysis, collections, and risk management. They assume the responsibility of managing your receivables, allowing you to focus on core operations and strategic decision-making. This partnership ensures a steady cash flow, minimizes the risks associated with late payments, and frees up valuable time and resources.

Embracing factoring means breaking free from the constraints of traditional financing options. It offers a fast, flexible, and accessible solution for businesses seeking growth and stability. With factoring, you can seize new opportunities, expand your market presence, and invest in the future of your business.

Join the ranks of businesses that have harnessed the power of factoring and experience the transformative impact it can have. Unleash your business's true potential, fuel its growth, and create a path to long-term success. Factoring is the bridge that connects your aspirations to reality, empowering you to thrive in today's competitive business landscape.

Credit Risk

Quick Cash Flow Solution: Unlocking Success with Expert Credit Risk Assessment

Accurately evaluating credit risk is a vital aspect of our factoring business. Few clients possess the same level of objectivity as we do in performing this function.

No Additional Cost for Access to Comprehensive Credit Expertise

At no extra cost, we serve as your dedicated credit department, supporting both new and existing customers. This provides you with a significant advantage compared to handling credit evaluations internally.

Imagine a scenario where a salesperson pursues a new account with potential for substantial purchases. In their eagerness to secure the business, they might overlook warning signs related to credit difficulties and bypass your internal credit checks. While this approach may lead to a sale, it does not guarantee payment, and without payment, there is no true success.

With us, such situations are avoided. We make credit decisions based on a comprehensive understanding of the new customer's credit situation. We refrain from purchasing invoices from customers with poor credit ratings, minimizing the risk of nonpayment. However, please note that our involvement does not imply a tightening of credit to the extent that it negatively impacts your business beyond your control.

Ultimately, the decision to engage with a new customer of questionable creditworthiness remains yours. (Although, we do reserve the right to say, "We told you so!")

While we may not purchase those invoices, you retain the freedom to extend credit terms as you see fit. You remain in control. Regardless of the decisions you make, our participation ensures that you have access to comprehensive, objective, and high-quality information to make informed credit decisions, surpassing your previous practices.

We conduct thorough research on new clients and, equally important, regularly monitor the credit ratings of your existing customers. This stands in stark contrast to the common practice of neglecting routine credit updates on the established customer base. Such oversight can prove to be a costly mistake.

Typically, businesses conduct credit checks only when it's too late, and the problem has already escalated. In contrast, we promptly notify you of any changes in the credit status of your existing customers.

In addition to providing specific customer credit information, we offer comprehensive and detailed reports on your accounts receivables as a whole. Our process includes accounting details, transactional insights, aging reports, and financial management reports. This valuable data empowers you to integrate it into your sales tracking, account history, and in-depth analysis.

With over 70 years of successful experience in managing cash flow and credit, we are excited to leverage our expertise for your benefit. Let us put our knowledge to work for you, helping you achieve your financial goals, unlocking your business's true potential, and paving the way for sustained success.

Changing Your Invoice Factoring Company

There are some key points to consider when you're thinking of moving to a different invoice factoring company or if you're dissatisfied with your current one:

  • Understanding UCC
    The Uniform Commercial Code (UCC) is a way factoring companies secure their rights over invoices. It acts as an alert to other lenders, indicating an official partnership between your business and the factoring company.
  • Switching Process
    To move to a new factoring company, the old company's dues need to be cleared by the new one. It resembles the refinancing of a home.
  • What's a 'Buyout'?
    A buyout occurs when the new factoring company pays the old one using money from your initial funding. This transition is defined in a 'Buyout Agreement'.
  • Calculating Buyout Costs
    The buyout amount comes from subtracting reserves from the total pending receivables and then adding any fees owed to the old factoring company.
  • Costs Involved
    If you provide new invoices to the new factoring company, which they use to clear the outstanding invoices at your previous company, you won't face additional costs during the transition.
  • Duration of a Buyout
    The initial funding could take a bit longer, typically two to three days more, when you're switching companies, due to invoice verification and finalizing the buyout sum.
  • Complex Situations
    Sometimes, both factoring companies can cooperate until the older one's dues are settled. Dividing invoices based on their issue dates might be a feasible approach.
  • Before Signing
    Always ask vital questions before committing to a factoring company. For instance, inquire about the possibility of working with multiple factoring companies simultaneously, or the penalties and notice periods for switching.

Additional Queries to Consider

It's crucial to be informed and understand potential obligations. Ask about post-payment processes, the time taken to update your account after a customer's payment, the duration they hold your original invoices, the number of personnel you'll be interacting with, and any possible hidden charges.

Unlike other companies, more than half our new business comes through client referrals.

“The Staff is Phenomenal”

“Orange Commercial Credit is THE BEST factoring company that we have ever worked with. We have been with them 3 years and our income has doubled every year! The staff is phenomenal and the VP really cares and encourages growth. They have been very influential in our business going from a mom-and-pop company with the staff less than 10 to now a company of 30+ employees.
They celebrate our success and we are blessed to be apart of the OCC family.” —President Car Repair Company, Nashville, TN

“Genuine and Honest”

“We’ve been with OCC since 2003. From the initial contact and interaction with Bob in Sales, our experience with OCC has been genuine and honest. Bob was true to his word. What he sold is what came to fruition. It was like nothing we had ever experienced before. OCC provides us with peace of mind in knowing that we have daily cash flow for our business. We submit invoices daily using the scanning program, which we find to be very quick and easy to use, and know with confidence when we submit invoices that OCC will provide the funding that same day. Maria, Isabel, Leslie, Tiffany and everyone in Operations has been fantastic to work with. I know when I call, they are going to answer and address my needs immediately. They customized their process to fit our needs, and that’s so valuable to us.
OCC is truly a godsend to our business. I am tickled to be able to brag about OCC and highly recommend them to anyone looking for an honest factoring partner they can rely on.” —Paula W., Customer Since 2003 Transporation Company, Arkansas

“Recommended Over Any of the Others”

“Having been with a handful of factoring companies, I would definitely recommend Orange Commercial Credit, over any of the others. Sure, some of the others may try to entice you with a few ridiculous claims low fees, instant credit checks, and a dedicated service team of professionals but once you sign up—watch those promises disappear, like a flash in a pan. If you want your account managed properly and professionally with a clean break from your current factoring company, call Orange Commercial Credit. They will pick up the phone on the second ring like clockwork. Now you will have the information on the broker’s credit being approved or a pertinent question regarding your account answered, so you’re not wasting valuable time when you could be landing your next deal.
Don’t make the mistake of thinking things will improve over time with your current factor—get out, get out, get out of there, now! The professionals at Orange Commercial will help free you up from your current factor as smoothly and efficiently as possible, so you can get back to the real business. Keep on trucking!” —Jason, Dispatcher/Office Manager 3 OTR Trucking Companies

“Amazing to Work With”

“In 2014 we were referred to OCC by a friend. Our first experience with OCC was with Tina in the Sales Dept. Tina was amazing to work with. She answered all of our questions and guided us through the entire set up process. Other factors we were talking with weren’t as willing to help as Tina was no matter what our questions or concerns. She explained everything and made sure we understood. The Account Managers (Kurt, Tiffany & April) have been just as wonderful to work with. They work hard with care and passion to resolve any problems and are so kind to our customers. We use the scanning program to send in invoices, which took some learning on our behalf, but it’s good now. We have daily email contact with April and she’s so responsive to our needs. We cannot say enough good things about our whole experience with OCC.
We love them!” —Jennifer, Manager and Client Since 2014 An Illinois Transporation Company

“Instrumental to Our Success”

“I have been doing business with Orange Commercial for close to two years. They have been instrumental to the success of my small business. Prior to working with OCC, I was considering taking out a small business loan in order to keep my business afloat. However, I choose to go with OCC instead and cash flow has not been a problem. They are very professional and pay on a timely basis.
I would highly recommend using OCC for help with your business’ cash flow.” —F.T., President Supplier/Installer for Nationwide Property Management Co., NYC Area

“Very Easy to Work With”

“Finding out about OCC has helped keep my business operating with the cash flow I am now receiving. Within a day the money is in my account. During the whole process, OCC was very easy to work with. They made sure I was completely confident in the filing of claims. Step by step they worked with me, and the staff was very patient. I would recommend them to any business.
Once you start with OCC, you will also be recommending them.” —Val, Owner and Client Since 2017 NY Auto Body Shop

“High Level of Trust”

“We’ve been with OCC since 2006. Their quality of service is wonderful. Everyone we have interacted with—from Sales to Operations and Management—have been fantastic to work with. There is a high level of teamwork, cooperation and trust. Our company grew to a point where we weren’t needing to factor and we pulled away for a bit. We got some new customers and wanted to factor again. OCC saw the increase in our business and called to offer us a new program that made factoring even greater for us.
The level of communication is superb. We submit our invoices almost daily using their very simple to use scanning program and know that when we submit our invoices before the deadline we get same day funding.” —Mike, President and Customer Since 2006 Intermodal Transportation and Warehousing Company in Southern CA

“Top Notch”

“OCC helped me a great deal in getting started with my company. I was not sure exactly what to do or what to expect with a factoring company. Initially I had considered a few factoring choices and Tina my sales rep always answered every question in a timely manner. As a business owner it is imperative to have open communication and OCC is top notch in handling all my needs.
I highly recommend this factoring company because of their professionalism and their dependability. I have referred clients to OCC because of this.” —Owner VXR Auto Transport

“Helps Us Grow and Expand”

“I would like to personally thank OCC for over 8 years of factoring support. Factoring has been instrumental in helping us grow and expand our business without any cash flow disruptions.
We look forward to the continued stability factoring provides and highly recommend Orange Commercial Credit to whom are considering factoring.” —Jorge, President and Owner and Client Since 2009 Analytical Laboratory Services

“They Really Understand”

“I made the mistake of not credit checking a load and by the time I turned it into my factor (not OCC) the brokerage was out of business. My factor (not OCC) understandably wouldn’t fund it so I was left not knowing what to do. I turned to my friend Mike for advice and he referred me to his factor… Maria at OCC. Maria reviewed my paperwork and explained step by step what I needed to do including outlining who to contact, what numbers to reference and what I needed to ask. She carefully explained the pros and cons of different options such as collecting on a bond or pursuing collections and how that might affect my relationship with the shipper and receiver moving forward. I really appreciated Maria taking the time to do that when I wasn’t even her client. I could see that they really care and understand how big a $4,500 loss is to any trucking company.” —Mike, President and Customer Since 2006 Intermodal Transportation and Warehousing Company in Southern CA

“I Can Always Count on Them”

“Orange Commercial has helped me take on clients I normally could not afford to take. The setup process with them was easy. They let you choose which clients you want to factor. Pricing is reasonable for the industry.
Customer service is great and I can always count on them to send me funds when I need it.” —George, Owner and Customer Since 2016 Staffing Company in KY

 More Invoice Factoring Company Information 

 Factoring Areas Served    |    Accounts Receivable Factoring    |    Selling Accounts Receivable    |    Selling Your Accounts Receivable    |    AR Factoring    |    AR Factoring Companies    |    Purchase Receivables    |    Receivable Factoring Companies    |    What is a Factoring Company    |    What is Factoring Accounts Receivable    |    What is Receivable Factoring     |    What is Invoice Factoring     |    What is Financial Factoring     |    What is a Factoring Service 

Memphis, Tennessee