How do I get started with factoring?

To get your invoice factoring account set up with CFIC Funding is fast and simple. It starts when you complete your simple application form and then return it to us via fax or e-mail.

You may call us to obtain our simple application and discuss your specific situation with us.

When we receive the application, your account can be approved in a day or two. We will then overnight the documents to you, which you only need sign and overnight back.

Fax the invoices you wish to start with when you send the application so we can do our credit work while the documents are being signed.

And remember, there is no cost to set up your account. And there is no obligation until we fund a transaction.

The Truth About Factoring — Unwrap the Cash Held Up In Your Accounts Receivable

What is factoring?

How does factoring work?

Is Factoring For You?

Best of all, when you use CFIC Funding, Inc., you’ve added a group of business professionals to your team whose expertise can benefit you far beyond just financing. So, if you’re ready to move your business to the next level, call CFIC Funding at 310-421-7370 today.

Is Factoring For You?

Do you extend credit or payment terms to your customers? If the answer is yes, then you can benefit from factoring your invoices.

Factoring deposits the money in your bank account today that you will collect from your customer in 30 days or more. This stepped up cash flow can be your lifeblood as it allows you to:

  • Grow – You have the financial means for an almost limitless increase in sales and opportunities.
  • Tackle the Big Ones – Now you can go after the accounts and contracts you previously thought were “out-of reach.”

Factoring is a great choice for service companies and manufacturers who have solid customers but only limited resources to front the needed expenditures for 30 to 40 days until payment arrives.

Do you answer YES when you ask yourself any of these questions?

  • Is your cash handcuffed by unpaid invoices?
  • Is payroll a large expense for you?
  • Are you expanding but often juggling cash?
  • Have you been in business only a short amount of time?

Then factoring is a great solution for you and the best decision you can make for your business!

Call us to discuss your financing needs. We are happy to review the various financing alternatives available so you can make the best decision that fits your unique situation.

The Truth About Factoring — Unwrap the Cash Held Up In Your Accounts Receivable

What is factoring?

How does factoring work?

How do I get started with factoring?

Find out why CFIC Funding, Inc. is where small and middle market business owners turn for successful funding solutions––move your business to the next level now, call CFIC Funding at 310-421-7370 today.

How Does Factoring Work?

Factoring is very clear-cut, easy-to-use and trouble-free process. When you wish to factor invoices or accounts receivable, you send them, as well as your supporting documents, by fax and mail the originals.

The lender will then advance you between 80% and 90% against these invoices or accounts receivable by sending a wire transfer directly to your secure bank account. When collection is received from your customer,  the lender retains the amount originally advanced plus a fee, and returns the balance to you.

CFIC Funding, Inc. offers a combination of flexibility and is your experienced financing partner.

  • No contract term – You can stop factoring at any time you choose
  • No Minimums – You have no obligation to factor invoices. You can do it one month and not the next.
  • Fair Terms - Flexible advance percentage and reasonable rate structure.
  • Personal Service – You always deal directly with a decision maker who tries to accommodate your needs.

Call us to discuss your financing needs. We are happy to review the various financing alternatives available so you can make the best decision that fits your unique situation.

The Truth About Factoring– Unwrap the Cash Held Up In Your Accounts Receivable

What is factoring?

Is Factoring For You?

How do I get started with factoring?

Find out why CFIC Funding, Inc is where small and middle market business owners turn for successful funding solutions––move your business to the next level now, call CFIC Funding at 310-421-7370 today.

What is Factoring?

Factoring is a fast, reliable and often under-utilized method of financing which significantly improves a company’s cash on hand.

A business can often find itself in a cash flow bind by offering credit to their customers for 30 days or more yet, still have to regularly pay certain expenses, particularly payroll. This problem can only get more stressful as sales grow. When factoring, your invoices are used as collateral for short-term loans that provide you with immediate cash to meet these obligations.

There are several advantages and benefits to invoice factoring.

  • Increases the cash available to you
    Factoring often provides more cash than bank lines of credit.

  • No random line of credit amount
    You borrow based on your sales so you’re always set up to finance your growth
  • Cash on hand is more predictable
    By speeding up your cash flow, factoring makes it easier to control your cash since your income is more predictable than not knowing when the customers payments will be sent.
  • Greater control of your cash by factoring
    You can factor only those invoices you want, when you want.  Usually, there is no minimum factoring level or commitment to factor in the future.

  • Improved credit evaluation
    Factors can provide credit reports and expertise in helping to assess new customers or changes to existing ones.

The Truth About Factoring — Unwrap the Cash Held Up In Your Accounts Receivable

How does factoring work?

Is Factoring For You?

How do I get started with factoring?

Best of all, when you use CFIC Funding, Inc., you’ve added a group of business professionals to your team whose expertise can benefit you far beyond just financing. So, if you’re ready to move your business to the next level, call CFIC Funding at 310-421-7370 today.

The Truth About Factoring

Unwrap the Cash Held Up In Your Accounts Receivable

Your business has cash available to it through a fast, reliable and often overlooked method of financing … Factoring.

Many businesses often find themselves in a cash bind because they offer credit to their customers for 30 days or more. That’s good customer service and while it helps acquire that customer it can bottleneck your cash flow, can’t it? You’re nodding your head. Yes.

After all, you still have regular expenses to pay including payroll. This problem gets even larger as sales grow.

Fortunately, you can leap right over that hurdle with Factoring. Your invoices and accounts receivable are used as collateral for short-term loans that provide you with immediate cash to meet these commitments.

What is factoring?

How does factoring work?

Is Factoring For You?

How do I get started with factoring?

As your financial partner, we want you to thrive. CFIC Funding, Inc. is a leader in funding small and middle market companies nationwide. You can expect honest, dedicated and personal service, unlike other lenders.

Call us to discuss your financing needs. We are happy to review the various financing alternatives available so you can make the best decision that fits your unique situation.

Find out why CFIC Funding, Inc is where small and middle market business owners turn for successful funding solutions––move your business to the next level today, call CFIC Funding at 310-421-7370 today.

The Truth About Trucking Factoring––How to Stabilize Your Cash Flow!

Every trucking company knows that cash flow is the king when it comes to operating a successful and profitable trucking operation.

You incurred expenses the minute cargo has been loaded on your truck. And even more once you complete delivery. You lived up to your end of the bargain. So now it’s time to get paid, right? Even with the best paying freight customers, the industry average of 43 days before your freight bill gets paid can hurt most companies.

That’s why so many trucking companies choose factoring.

If you have a slow paying freight customer Factoring can save, even grow your business. It’s vital for your small trucking company to preserve cash flow and keep enough money on hand needed to effectively handle the next load or opportunity.

Think about it. You’ve got to cover fuel, insurance and a host of other overhead expenses to handle that next load. You need cold hard cash to step up to that next freight opportunity.

So how do you bridge that gap? Truck Factoring is your key!

It a great tool to keep your small business profitable and gear up for your next opportunity.
Maintaining cash flow is the primary factor for your business to operate successfully. Bank financing is difficult to obtain even in the best of circumstances but more so in the first 24 months of a new trucking company when––they’re asking about your track record and real estate to use as collateral, aren’t they?

Are you waiting 30 to 45 days or longer to get compensated on your freight bill? Are late or slow pays making it difficult or even impossible to cover fuel, insurance, and other overhead expenses? Are you missing opportunities to take advantage of upcoming truckloads?

Consider Trucking or Freight bill factoring your unpaid invoices. Here’s why; because it’s a versatile solution to your cash flow needs that offers many benefits.

Remedies problematic delays in paying invoices

Finance company advances funds against your company’s freight payments

Freight factoring company settles transactions once your customer pays the bill

Factoring for trucking offers you quick cash no matter when your freight bill actually gets paid

Quick cash for up to 90% of an unpaid invoice’s value

Invest your time and energy chasing opportunities and not chasing your customers for money

Keep up with normal business operations allowing growth without roadblocks

Stop losing out on potential opportunities due to unstable cash flow.

Request a quote right now… Dial 310-370-4871

Visit our other blog posts for more free commercial loan secrets and be sure to subscribe to our RSS feed.
You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-370-4871! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

Financing for Trucking Companies

Is Your Cash Flow Tied Up In Receivables?

Your trucking company may be eligible for initial funding of up to $250,000 with no financials required – no monthly minimums. Additional funding may be available with some documentation through factoring or accounts receivable financing.

Request a quote right now… Dial 310-370-4871

Factoring For Trucking Companies

Now owner-operators, small trucking companies and large fleets nationwide can obtain freight bill factoring services. CFIC Funding Inc, makes the process simple-to-understand, provides flexible credit limits and same day decisions.

This allows you to set up your account within 4 to 5 working days. (Must have 2 trucks minimum for factoring program)

Our receivable finance program for your trucking company is not a loan, it is simply an ongoing transfer of your freight bills (Receivable Asset) for us to finance. There is no debt created and no payments due. It is that easy!

Trucking Industries We Fund:

• Intermodal and Containerized Freight
• Auto Carriers
• Auto Hauler
• LTL
• Freight Brokers
• Moving Companies
• Special Equipment Haulers
• Long Haul loads
• Local Delivery
• Cattle Carriers
• Boat Hauler
• Dry Van Hauler
• Dry Bulk Hauler
• Flat Bed
• Reefer Hauler
• Manure Hauler
• Local Hauler
• Household Goods Hauler
• Regional Hauler

Are you losing out on potential sales due to shippers or brokers insisting on payment terms?
Your trucking company can grow by offering credit terms or extended payment terms to
potential shippers and brokers.

Request a quote right now… Dial 310-370-4871

What makes us unique in the truck factoring industry?

• 15 Minute credit checks for new customers
• Industry specialization allows us to offer higher advance rates
• No long term contracts
• We accept newly formed businesses
• Sole proprietors accepted
• Same day funding via Wire Transfer or optional ACH
• Four Man Team is Assigned per Client
• Online Reporting
• Simple to Understand Rates
• Fuel Card Services (Optional Service)

No Hidden Fees

• No Minimum Invoice Fees
• No Need to Factor All Accounts
• No Need to Factor All Invoices
• 15 Minute credit checks for new customers
• No Hold Backs or Deposits Required
• We accept newly formed businesses
• Sole proprietors accepted
• Same day funding via Wire Transfer or optional ACH
• Four Man Team is Assigned per Client
• Online Reporting
• Simple to Understand Rates
• Fuel Card Services (Optional Service)

Request a quote right now… Dial 310-370-4871

Accounts Receivable Financing or Factoring–How to Get Cash Fast

One of the most useful, yet misunderstood types of loans is Accounts Receivable Financing or Factoring. This is a method used by a firm to obtain cash when the available cash balance held by the firm is insufficient to meet current obligations and accommodate its other cash needs. The use of Factoring to obtain the cash needed to accommodate the firm’s immediate needs will allow the firm to maintain a smaller ongoing cash balance. By reducing the size of its cash balances, more money is made available for investment in the firm’s growth.

Often when Factoring or Accounts Receivable Financing is recommended, the business owner is less than enthusiastic as they believe that it will make them look insolvent to their customers. Nothing could be further from the truth. In most cases, before their customers grew to their current size, they probably used factoring themselves. Many times, they’re still using some form of factoring.

Many businesses have cash flow that varies. A business might have a relatively large cash flow in one period and might have a relatively small cash flow in another period. Because of this, firms find it necessary to both maintain a cash balance on hand, and to use such methods as Accounts Receivable Financing or Factoring, in order to enable them to cover their short term cash needs in those periods in which these needs exceed the cash flow.

Not all Accounts Receivable lenders or Factors are comfortable with every type of business or industry. That is why we maintain active relationships with several different Accounts Receivable Lenders or Factors. You can save you lots of time and wasted energy by quickly matching your needs with the appropriate lender.

Once the application and supporting documents is received, funds can usually be made available within 2 weeks. However, there are some lenders we have relationships with that can make funds available within 24 or 48 hours of receiving the completed application and supporting documentation.

If you need help, ask us for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

How to Get Money for Business Success

Many business executives and owners pose a simple question: How can I get money? We need working capital. We need to upgrade our equipment. We need a line of credit. Where can I get money?

Getting your business financed is arguably one of the most important steps needed for success. Yet very few business owners really understand how lenders, underwriters and loan committees make decisions. Like many businesses, yours may be faced with the challenge of needing to raise funds or you’ll limit growth and miss profit opportunities.

So off you run to your bank and “ask” for a loan… only to be faced with the less than favorable response. Asking soon becomes one frustration after another and then many simply give up. Sound familiar?

Well don’t give up… there is more than just hope… success may be only one strategy around the corner. That’s where this blog proves to help. It will show you where to get money. It will show you how to get money. There are very common mistakes, misconceptions and misunderstandings in getting approved and successfully funded that we’ll help you avoid.

Once you know how to ask to get money, where to ask to get money and who to ask to get money… you’ll find that success can be as simple as
‘painting by the numbers’!

In this blog you’ll discover priceless knowledge in business financing that even most bankers, CPA’s, attorneys and loan brokers don’t know or won’t tell you.  Why is that? The answer is in specialization.

Bankers specialize in the lending appetite of their employer who may have little to do with your specific money needs. Attorney’s specialize in legal aspects of loan contracts but may not have all the answers that you need to acquire funds for your business. CPA’s specialize in financial reports and tax issues, but just like the attorneys, they share the same disadvantage of not fully understanding how to get you across the financial finish line. Loan brokers often specialize in a particular type of loan, such as real estate or SBA financing and may look at your loan through the wrong “set of glasses.”

You’ll Learn How to Think Like a Lender and Get Money…

What if you could be a fly on the wall during a ‘loan committee’ meeting concerning your loan request? Better yet, what if you could set the stage in your favor? It’s not only possible, but highly probable once you know the strategy.

The good news is… you’re not stranded! This blog is your compass and will help you cut straight through the red tape to find your way to securing business loans from banks and private lenders alike.

Most traditional lending sources only offer programs focused on particular industries and certain sized business that they’re comfortable with, which may not match the needs of your business or project. On the other hand, there are virtually dozens of viable programs and hundreds of funding sources worldwide that are compatible with your needs. Most importantly, what this means to you is, you can now access the best programs and sources of cash for your specific money needs!

We’ll be covering the following types of loans and how your best strategy may ultimately be a combination of these loans that most appropriately fits your business:

• 100% Financing
• Contract Financing
• Project Financing
• Acquisition-Funding
• Start-up Loans
• Inventory Loans
• Accounts Receivable Loans
• Factoring
• Purchase Order Financing
• Working Capital Loans
• Agricultural Loans
• Equipment Leasing
• Loans using equipment as collateral
• Commercial Property Loans
• Unsecured Borrowing
• Business Lines of Credit
• Warehouse Financing
• Machinery Loans
• Flooring Lines
• International Loans
• Real Estate Development Loans
• Construction Financing
• Virtually ANY Type of Business Loan

There are sources of cash ready to handle any type of legitimate business loan or lease you need. However, most business owners don’t know who they are or what to send them.

This blog is where you learn….

If you need help, ask for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

When you ask the question: How can I get money? You can contact us to ask questions, we’ll advise you how and address your concerns. Just pick up the phone and dial, CFIC Funding, Inc. It’s where to get money. Call us today at 310-421-7370!  Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com