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More information on Hollywood Factoring Companies
Hollywood Factoring Companies is the premier source for Factoring services throughout the greater Hollywood area. Hollywood Factoring Companies provides Factoring and Accounts Receivable Financing solutions for small to mid-sized companies in many industries.
Hollywood is a city in Broward County, Florida, with an estimated population of 141,740. Founded in 1925, Hollywood is now the 12th largest city in Florida. Hollywood's nickname is "Diamond of the Gold Coast." Hollywood includes about 5-6 miles of Atlantic Ocean beach, interrupted briefly by a portion deeded to Dania Beach. Hollywood is served by Fort Lauderdale-Hollywood International Airport, the 22nd busiest airport in the United States. *Courtesy of Wikipedia
Factoring is a financial transaction whereby a business sells its accounts receivable, (invoices) to a Factoring Company at a discount in exchange for immediate cash.
Factoring is different from a bank loan in two significant ways. First, the Factoring Company places the emphasis on the value of the receivables, not necessarily the firm's credit worthiness or fixed assets. Secondly, factoring is not a loan – it is the purchase of a financial asset (the receivable). The receivable is a financial asset associated with the debtor's Liability to pay money owed to the seller for work performed or goods sold. The seller sells its invoices (the receivables) at a discount to the Factoring Company to obtain the cash needed for day-to-day operations.
The sale of the receivables (or invoice) transfers ownership of the receivables to the Factoring Company. The account debtor is then notified of the sale and then remits payment directly to the Factoring Companies Lockbox.
Factoring Companies provide other mission critical services including Credit Analysis, Risk Assessment, AR Management, Billing, Collection, Treasury and 24/7 web reporting.
There are three integral parts to a Factoring transaction.
1. The Fee, this is the amount a Factoring Business will charge you for the service. Most Factoring Companies will charge you a Factoring Fee also known as a service charge as well as interest based on how long it takes the debtor to pay.
2. The Advance, this is the percentage of the Face value of the invoice you will be paid upon submission of that invoice.
3. The reserve, this is the remainder of the total invoice amount held until the payment by the account debtor is made in full.
Hollywood Factoring
Companies is a leading Business Factoring company. Hollywood Factoring Companies provides Invoice Factoring services to a wide variety of small to mid-sized companies.
Hollywood Factoring Companies has earned a reputation for providing world-class service to companies who need Factoring Lines of Credit for their businesses. When searching for Factoring Companies, look no further than Hollywood Factoring Companies.
Banks often call their factoring programs Factoring Loans. Don't be confused with this statement because factoring your accounts receivables is not a loan. Factoring is simply the sale of your Invoice at a discount to a Factoring Company.
Are you interested in learning more about Hollywood Factoring Companies?
Call today and talk to one of our Factoring specialists. Our specialists will give a free consultation on how invoice factoring can help your business succeed. With Hollywood Factoring Companies there is no red tape to cut through or bureaucratic maze to navigate.
Hollywood Factoring Companies makes the factoring application process simple and straightforward, what more, Hollywood Factoring Companies will get you approved in just 5 minutes.
Want to learn more about Hollywood Factoring Companies? Call 800.707.4838 or Click here
Hollywood Factoring Companies - Industries Served
Sometimes securing a Factoring Line can be a challenge because of the unique nature of your business. We offer a variety of creative Factoring Solutions to companies in a wide range of industries. We take pride in understanding the needs of our clients and working with them to meet their goals.
Hollywood Factoring Companies offers these factoring services:
| Apparel & Garment Factoring |
Marketing Companies Factoring |
| Communications Factoring |
Medical Factoring |
| Consulting Companies Factoring |
Oilfield Service Factoring |
| Contractors Factoring |
Printing Factoring |
| Distribution Companies Factoring |
Recruiting Factoring |
| Engineering Factoring |
Security Factoring |
| Environmental Services Factoring |
Service Industries Factoring |
| Government Contractors Factoring |
Technology Factoring |
| Healthcare Factoring |
Temp Staffing Factoring |
| IT Services Factoring |
Transportation & Trucking Factoring |
| Logistics & Transportation Factoring |
Utilities Factoring |
| Maintenance Factoring |
Warehouse Factoring |
| Manufacturing Factoring |
Wholesale Factoring |
For more information about our Factoring Service Please Call 800.707.4838
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