Using a factoring accounts receivable company is basically a quick way to get cash from your receivables. Accounts Receivable factoring is not a loan. When you give your customers an invoice, they usually have 30 days to pay you back.
Accounts receivable factoring companies will purchase those invoices and give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves.Once the invoices are paid in full, you’ll get the balance left over, minus a small fee. Accounts receivable factoring doesn't require debt.Even fewer can say a majority of their new 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.
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 company. You're stuck chasing down your customers. We know that’s very unpleasant. Not only for you, but also for your customers.
We Are Your Solution
Our factoring company programs and services for 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.
Accounts 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 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.
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 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 factoring programs definitely can help you land that customer.
Using our 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 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.
Before you decide if we are the right factoring company for you, let us tell you a little about us and how we stand above the other accounts receivable factoring companies.
Over 40 Years in the Factoring Accounts Receivable 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 Factoring ClientsMore than half of our new factoring business comes from current customer referrals. We have a long list of happy factoring clients, our average client has been with us over 4 years, which is unique in the factoring industry. Compared with the other accounts receivable factoring companies, we have the highest factoring advance rates. Also we have no factoring minimums and transparent factoring fees.
We Care About Your Company
We have your company's best interests and success in mind. Other accounts receivable factoring companies may not be in it for the long haul and every step of your company's journey. For example, some accounts 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 business profitable.
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 accounts receivable factoring companies may not monitor these situations as carefully to protect you.
“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.”
How Factoring Works
So how does our 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 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 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!
Additional Features of our Factoring Program Include:
SO, CAN YOUR COMPANY BENEFIT FROM FACTORING ACCOUNTS RECEIVABLE WITH US?
Of Course! From small privately-owned companies to large corporations, businesses of all sizes rely on Orange Commercial Credit 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, factoring has…
What exactly is accounts receivable factoring and how can it help my business? Is it like a loan? Will I incur any debt?
Find Out HereWhat makes your company any better than any other accounts receivable factoring company?
Find Out HereI’m not familiar with your company. How do I know you’ll be in business when I need it?
Find Out HereHow do I know if you’re the right company for my business?
Find Out HereI’m a smaller business. Will I be accepted by your company?
Find Out HereI have been turned down by banks, will I qualify for accounts receivable factoring?
Find Out HereI have tax liens. Can you help me?
Find Out HereI have a UCC Filing against my company. Can you help me?
Find Out HereAre there any minimums? What kind of agreement do I need to sign?
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“I’ve been working with OCC for over 9 years now and they’re like a partner for me. I could not have grown my business this quickly without them!!! Jaimie Smith my account executive is great!! I get credit checks done same day on new business and have never had a complaint from any customer.”
Can I know what your fees and rates are up front?
Find Out HereHow much of my invoice will I receive up front, and how soon will I get the money?
Find Out HereThis is all new to me. Are you easy to work with?
Find Out HereI don’t like talking to robots or call centers. Can I talk to a real person when I need to?
Find Out HereHow will you work with my customers to collect their money?
Find Out HereWill I be able to keep track of collections from my end?
Find Out HereWhat other advantages do you offer me?
Find Out HereCan my company use accounts receivable factoring?
Find Out HereIf you give your customers 30-60 days or more to pay their invoices, wouldn’t it be great if you could get that money right away? Well, you can! When you use the services of our accounts receivable factoring company, you get 85-97% up front, when you need it. We take care of collecting the money from your customers so you can focus on running the other areas of your business. After your customer pays the invoice, the 3-15% reserve balance is refunded to you less the factoring fee. It is not a loan. There is no debt. You can put that cash to work right away to grow your business..
Back to the TopAlmost all accounts receivable factoring companies claim to offer simple fees, 24-hour funding, no up-front fees, no monthly minimums, etc. We do, too. But we don’t stop there. We go the extra mile for you that other accounts receivable factoring companies just can’t or won’t. Accounts receivable factoring has been our primary focus since 1979, and we’re committed to offering the most effective and versatile programs in the industry. Give us a call now to find out how we can better help your business.
Back to the TopWe’ve been in business since 1979. We’re privately owned, financially strong, and have survived economic downturns that have put other companies out of business. We know what it’s like to go through tough times. We’ll help you make the right financial decisions in good times and bad. We’ll be here when you need us to help keep your business running smoothly and staying strong.
You need peace-of-mind knowing that you’ll be making the right decision when it comes to selecting an accounts receivable factoring company. Since 1979 we have been funding companies in a wide range of industries and sizes. Should your needs fall outside our parameters, we’ve built a vast network of resources and can save you a tremendous amount of time by helping you find the best match for your business from the very beginning. You will love our flexibility and ability to match your particular needs and industry to the perfect funding resource.
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We work with companies of all sizes. Small businesses are the glue that hold our economy together. If your business is very small we can introduce you to our network of “micro” accounts receivable factoring companies who assist even the smallest of companies.
Back to the TopIf your business provides a product or service to a creditworthy business(es), and you extend that customer payment terms yet would prefer not to wait to get paid, you are a candidate for accounts receivable factoring. If your customers utilize your payment terms, but have a good pay history, you will want to take advantage of accounts receivable factoring.
Back to the TopYes, if you and the IRS have a payment agreement in place there is a good chance we can help you.
Yes, if the UCC holds your accounts receivable as collateral we will need the lender to subordinate or terminate to allow for factoring since factoring requires a first position UCC on your accounts receivable. We can help you navigate that process.
Back to the TopWe have no minimums. As a matter of fact, you can pick and choose which invoices you want us to help you with. And, we offer agreements starting as short as 90 days. You select which invoices you would like to submit for funding as frequently as you need. Our accounts receivable factoring program is like carrying a credit card in your pocket. You carry it to use when you need it. Call us now and let’s get started today.
Back to the TopSure! Unlike most companies out there, we are totally transparent about our fees and rates up front. Our typical accounts receivable factoring rates run from 1.5% up to 4% depending on several criteria, including volume, industry, and risk. Our services include funding by ACH, wire transfer and electronic submission of invoices. Each of these options have nominal transaction charges associated and are always clearly stated up front in the accounts receivable factoring proposal. Unlike the others we do not charge you any set up costs. Nor do we charge you a monthly minimum fee or any other types of fees that the others charge.
Back to the TopMost accounts receivable factoring companies have advance rates that run from 70% to 90%. Our advanced rates are much higher—from 85% to 97%. Once your customer pays the invoice, the reserve portion of 3% to 15% is refunded to you less the factoring fee. Your funds are deposited directly into your business checking account. It’s simple. It’s easy. It’s fast.
Of course! We are a privately held company made up of like-minded entrepreneurs just like you. We know what you’re going through—we’ve been there—and we’ll be helping you every step of the way. We take the time to listen to your situation and put together a personalized plan just for your business. Contact us today and let’s talk—no obligation!
Back to the TopDefinitely! Once you sign up with us, you’ll be assigned your own dedicated Account Executive who will learn your business intimately. This way we can help you in ways the others just can’t.
Back to the TopOCC interacts professionally at all times with your customers as we know your customer relationships are the lifeblood of your company. OCC should not be confused with a collection agency. OCC places calls on your behalf to check on payment status, we make note of check dates which we can share with you as well as pass along any messages to you. Essentially, OCC becomes your Credit and Collections Department for factored invoices which frees up your time and your staff’s time to do other more productive things.
Back to the TopYes! You’ll have online access to aging reports, and are kept abreast of any collection issues so there are no surprises.
Well, to start, the team at OCC has in-depth credit expertise and resources including business credit reports to check your customers’ creditworthiness. This can help you stay ahead of any possible negative payment trends. This is critical information you need to run your business smoothly and avoid bad debt write offs.
We’re committed to offering leading edge technology to expedite the funding process, such as electronic submission of invoices, online reports, online credit checking, and other emerging methods in order to streamline the process and reduce overhead, which means lower rates for you. Most other companies don’t even come close to our level of technology and efficiency. Contact us today and we’ll show you everything we offer that the other companies can’t, or won’t.
Back to the TopCompanies of all sizes - from small mom-and-pop businesses to large corporations—use accounts receivable factoring to increase their cash flow, which greatly facilitates business growth and keeping everything running smoothly. It’s easy to get started—just give us a call and we’ll tell you all about it.
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