Factoring isn’t just a way of improving your cash flow and eliminating the need for collections, it also acts as a form of insurance for your receivables. At DSA Factors we offer Non-Recourse factoring. We offer immediate payment for your receivables and that money is yours. That means that even if an account doesn’t pay, you still keep the money we gave you for your invoice so long as there are no merchandise disputes.
How do we do this? Well its simple, before an order is placed you need to get an approval for the account. This means that we check the accounts credit ratings and payment history to make sure that they are an honest company and pay their bills. You will no longer need to look up credit ratings or even subscribe to credit agencies or check credit references before selling your products to someone.
DSA offers online automatic approvals to our clients, all you need to do is login to our web site and enter the account and order information. Most accounts are automatically approved and you will receive an instant notification that the account has been approved. With accounts that we can not automatically approve, we will review the accounts at our office and get an answer to you within 24 hours. When we receive a request for credit we don’t look for reasons to turn down the account, but rather we look for reasons why we should approve the account. So even if we can’t automatically approve an account, most likely we will be able to approve it still.
Unlike other factoring companies, when DSA extends a line of credit to one of your accounts, you don’t need to share that line of credit with other clients of ours which may sell to that account as well. So you will not be turned down because we are already factoring invoices on that account with another client. Each account gets a separate line of credit with each one of our clients.
From time to time, both large and small businesses have a problem with cash flow. This shortage in cash may be due to seasonal requirements, rapid expansion, product development, or any number of other circumstances. The remedy most business owners and managers consider first is bank financing. Many times, however, businesses are ineligible because they have used their entire line of credit, or they need to avoid long-term monthly payments.
DSA Factors offers a solution to this cash shortage through factoring. Factoring is the purchase of accounts receivable on a discount basis. In effect, DSA Factors is a secondary financial market that helps businesses through the cash flow crunches that can occur when they have to wait for payment on their invoices. Companies with creditworthy customers can factor their invoices and receive cash in as little as 24 hours, with no minimum or maximum contracts. In fact, we currently have clients that factor invoices for less than $200 as well as clients that factor invoices for many thousands of dollars.
To see how your business can benefit from our professional services, contact Howard Tolsky at DSA Factors, 773-248-9000, today for additional information. Or visit our web site at www.dsafactors.com.
Factoring your accounts receivables, or invoices, is an easy and effective way of improving your cash flow without taking on any new debt. When you work with a factoring company, such as DSA, you are able to offer customers terms without having to wait to get paid. Unlike getting a loan from a bank, factoring is not a loan but rather a sales transaction. You sell the factoring company your receivables and receive instant cash for them; it is then the responsibility of the factoring company to collect the payments when they are due. So the factoring company doesn’t just help increase your cash flow, but also takes care of collections, allowing you to focus on what you do best. Your customers will always be treated with respect by the factoring company, as the factoring company’s success is entirely dependent on your success. Factoring can be extremely beneficial to any business, from small start-ups to larger well established companies.
For more information on factoring, or to start factoring your accounts receivables please visit DSA Factors, email us at email@example.com, or give us a call at 773-248-9000.
Welcome to Factoring 101, a blog intended to teach you everything you need to know about factoring your accounts receivable. In this blog we will be discussing what factoring is, the benefits of factoring, and keeping you up to date on the latest news on factoring and related industries.
This blog is presented by D.S.A. Factors, factors to the furniture, trucking, staffing, and all other industries since 1987.