American Factoring Association
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In the News |
Infusion Funding, Accounts Receivable Factoring Company, Posts Strong First ... SBWire (press release) Allendale, NJ -- (SBWIRE) -- 05/17/2013 -- It's a wrap: Infusion Funding, a New Jersey-based accounts receivable factoring company, rounds out its first 2013 quarter with new account acquisitions across diverse industries. The company is celebrating by ... |
Bibby Financial Services Provides Distributor With $8 Million Factoring Facility MarketWatch (press release) Continued Duckett: "Accounts receivable financing is more flexible than a bank loan. We look at the strength of our client's customers rather than its operating history and credit score. And, since our funding is based on receivables, the amount ... |
Need cash fast? How factoring works Finance and Commerce In its simplest form, factoring occurs when a company sells its accounts receivable to a third party, called the “factor,” who then takes over the collection of the money due. The business then receives an advance on the receivables — paying an ... |
Factoring Receivables Company Universal Funding Prepares for New Business ... Newsday With the positive economic outlook and 2013's first quarter complete, Universal Funding Corporation, an accounts receivable factoring company, is proud to welcome 11 new clients for their first funding. Although this is about half as many new clients ... |
CIT names Harrington to sales post Furniture Today "Todd is an asset to our team as we look to grow our factoring, asset-based lending, and accounts receivable management services in the Northeast region," Heller said in a press release. Previously, Harrington was managing director and chief sales ... |
VION Completes Sale of $1.3 Billion Loan Portfolio The Herald | HeraldOnline.com This closing will enable VION to expand acquisitions of performing and mixed (non-performing, delinquent, and charged off) accounts receivable portfolios, both domestically and abroad.” Jason Van Vacter, VION Vice President of Operations added, ... In ... |
From The Top Line To The Bottom Line, U.S. Multinationals Are Structured To Earn Seeking Alpha Using software tools previously unavailable, companies cut inventories and managed/factored accounts receivable to reduce working capital -- which is additive to cash flow from operations. Battle-hardened by the 2001 downturn, companies went into the ... |
Catamount Funding, Inc. Gives Unique Factoring Program to Meet All Working ... SBWire (press release) The requirement for factoring emerges when some is trying to increase sales but working capital is tight because it's invested in the accounts receivable and/or inventory. Thus, to make things more difficult, the person is unable to obtain financing ... |
TCI Oilfield Factoring to Present at 2013 Williston Basin Petroleum Conference PR Web (press release) At TCI Oilfield Factoring, our oilfield factoring lines address these challenges by not only maximizing cash flow, but by greatly reducing the Accounts Receivable turn through increased efficiency in the billing process." “Over the years we have built ... |
Sears Canada Reports First Quarter Results Wall Street Journal (press release) Factoring out the gains from the return of the three leases to the landlord last year, we are seeing an overall improvement in our bottom line for the quarter as compared to the first quarter last year. .... May 4, (Note (Note 2012 (Note (in CAD ... |
 PR Web (press release) | CBAC's New Calculator Helps Businesses Realize Benefits of Factoring PR Web (press release) CBAC LLC, an invoice financing exchange for small businesses, has launched a new factoring calculator tool on its website. The calculator helps business owners visualize the financial benefits of invoice financing. Factoring, a type of invoice ... |
Invoice Factoring Growth Up to the 21st Century Small Business Trends The history of invoice factoring goes way back to the times of King Hammurabi of Mesopotamia, over 4000 years ago. It has been playing an active role in business finance since then. From medieval businessmen to English colonists – and from garment ... |
Need cash fast? How factoring works Finance and Commerce Still, factoring is more expensive than bank loans or asset-based loans for operating capital, according to Tom Geisen, a principal with Hamilton Associates Inc., a Minneapolis-based consulting firm. A 1.5 percent monthly fee based on the invoice ... |
Innovative New Invoice Factoring Quote System at All About Savings Set to ... PR Web (press release) Business owners around the country will have come across Target Business Assist in the past. As their name suggests, they specialise in assisting companies with a myriad of financial issues and they are excited to unveil a brand new invoice factoring ... |
Infusion Funding, Accounts Receivable Factoring Company, Posts Strong First ... SBWire (press release) Factoring benefits businesses by eliminating cash flow constraints, especially for those who invoice with extended terms, such as 30, 60 or 90-day remittance terms, respectively. “As long as the invoices are to a creditworthy business or government ... |
More cash-strapped building contractors turning to invoice factoring Creditman More cash-strapped building contractors turning to invoice factoring. Apr 22 2013. This year has already seen an unprecedented number of contractors in the building trade services turning to alternative finance such as invoice finance to fund working ... |
Alternative funding grows as UK companies struggle for finance Financial Times The rise of invoice discounting and factoring has been driven in large part by the more lenient regulatory market for these products compared with overdrafts and conventional term loans, say providers. Capital requirements for those providing invoice ... |
Pros and cons of asset based finance bdaily This service allows businesses to draw immediately against issued invoices. The factoring company generally pays 80 – 85% of the face value of each invoice and takes all necessary steps to recover the balance. On receipt of the monies, it then ... |
Target Business Assist Revamp Site and Can Now Provide Factoring Quotes ... PR Web (press release) Target Business Assist has been on hand for some time - offering assistance when it comes to the factoring of invoices, business finance and debt issues. Although there are reports of light at the end of the tunnel when it comes to the economic climate ... |
 Bobsguide (press release) | Comarch Internet Factoring – New Gateway For SME Bobsguide (press release) Comarch tool supports all existing products on the factoring market (e.g. full factoring, recourse factoring, invoice discounting, reverse factoring, supply chain finance, etc.). As we have already said, according to Jeroen Kohnstamm, the future of ... |
Vendors step up to pay Illinois' bills Crain's Chicago Business While many firms borrow against their receivables or sell them at a steep discount, a transaction known as factoring, the state's program is designed to pay vendors all they are owed at no additional cost to the state. “This is not a high-yield ... |
Perficient Inc's CEO Discusses Q1 2013 Earnings Results - Earnings Call ... Seeking Alpha The decrease in the effective tax rate was primarily due to the research and development tax credit for 2012, which was approved in January 13 and factored into our first quarter provision as a discrete item. In estimate, for the ... Our day sales ... |
Kindred Healthcare Management Discusses Q1 2013 Results - Earnings Call ... Seeking Alpha Accounts receivable days stood at 62, in line with our expectations. On a capital resource ... While this significant change in reimbursement is factored into our guidance and operating plans, we continue to see opportunities to grow as we execute on ... |
Cameco Management Discusses Q1 2013 Results - Earnings Call Transcript Seeking Alpha Keep in mind that that cash flow is largely due to a drawdown of inventory, as well as the cash receivable in that quarter. So just reinforcing that, yes, it can be ..... Do climate change, clean air, more important issues factor in for them ... |
Garmin Management Discusses Q1 2013 Results - Earnings Call Transcript Seeking Alpha Accounts receivable decreased sequentially to $451 million due to the seasonality of the first quarter. Accounts receivable accounted for 64 days ... Also in the quarter, we recognized 2012 R&D tax credits due to the delayed enactment of applicable tax ... |
Crying Fraud, Banks Seek Ch. 7 For Specialty Lender Law360 (subscription) When you sign up, you will receive a concise summary of major litigation, court opinions and legislative developments every business day. Just provide us your ... Oak Rock's business involved lending to dealers that provide installment financing on ... |
The Southern Banc Company, Inc. Announces Third Quarter Earnings Wall Street Journal (press release) Certain statements in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which statements can generally be identified by the use of forward-looking terminology, such as "may ... |
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