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General Info
What are the Benefits?
Factoring can help companies of all sizes, from start-ups to mature companies:
- Improve cash flow
- Eliminate bad debts
- Reduce operating expenses
- Expand working capital financing
- Improve management information
What Types of Companies Can Benefit From Factoring?
Companies that can benefit from factoring include those that are:
- Rapidly growing
- Seasonal
- Start-ups
- Undercapitalized
- Spin-offs
- Concerned about adding fixed costs
- Have a lengthy manufacturing cycle
- Strained by slow turnover of receivables
- Hurt by high bad debt losses
- Saddled with a large customer concentration
Reasons you should consider Factoring!
- Unlimited Capital
- Elimination of bad debt
- Leverage off your customers' credit
- Factoring is fast and easy
- No debt incurred
- Offer credit terms to your customers
- Establish good credit for your business
- Professional collections
How Does Factoring Work With D.S.A.?
This can be best illustrated in the following three easy steps:
Step 1
You will submit your orders for approval via fax. Most approvals are answered within 30 minutes*. We will then supply you with an Account Number for the customer and an Approval Number for the order.
Step 2
Once you have an approval number you can go ahead and ship out the merchandise or perform the service. At this same time you should send us a copy of the invoice and backup document. You will also need to send an invoice to your customer with our assignment stamp on it.
Step 3
As soon as DSA receives the invoices we will process them and send you the funds within 24 hours.* DSA fully manages the receivables including making the collection calls and supplying you with weekly aging statements of your accounts.
* in most cases.
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