factroing invoices – NeeBo Capital Blogs

We define factoring for manufacturers, suppliers, and other businesses selling on credit.

Nowadays the business environment is changing, cahsflow and capital are not easy to come by for the manufacturing and supply sectors. Business opportunities are becoming more competitive and margins are shrinking. Your clients are also needing more time to payback on their invoices.

As business owners we understand this scenario, and here at Neebo Capital we can help. We can boost your cash flow by providing advances of cash against the value of the businesses outstanding invoices.

Afterward you issue new invoices, we send you up to 90% of the exact value of the invoice within just twenty-four hours. And as soon as we receive payment from your customer, the remaining capital are paid to you, minus a small services fee.

For manufactures, suppliers and other businesses looking to sell off of credit this process of factoring gives you easy access to a continuous source of cash linked to your sales. So as your business grows we deliver the funds…fast! This cash on hand will allow you to take advantage of discounts your suppliers may offer for paying early, the capital will allow you to increase growth projects, marketing, ect.

In addition to the cash that we provide, neebo capital can also help you save valuable management time. This is time spent better focusing on expanding your business.

We provide a accounts receivable managing program where we follow up and collect outstanding invoice repayments from your customers on your behalf, to ensure that you have more time to focus on generating new business. We prepare and send out statements, telephone all of your customers, collect payments for you and maintain professional and detailed accounts of your transactions. We give you twenty four hours on-line accessibility to your records, including scanned images of the checks that we receive, conversations, ect.

We have defined factoring, and our management service we offer as an optional. If you are interested in our factoring service, or any other need for capital then please visit neebocapital.com and discover how you can get funds to grow your business.

Neebo Capital.com Explains Factoring Invoices

Welcome to NeeBo Capital, this article was written to give you a better understanding of how factoring invoices works.

As you know business owners need cash. However how do you get money for your small company when banks are unwilling to offer your company any type of funding?Our team would like to introduce you to accounts receivable factoring,a proven approach of obtaining investment capital swiftly. That way, you will make the payments required to keep your business afloat while reducing your risk amounts.Factoring invoices involves selling yourcompany accounts receivable to a company such as NeeBo Capital in order to obtain instant cash flow. The factoring company pays you an advance, which is a percentage of the total invoice (typically 80-95%). Your clients re-pay the factor, and you receive the remaining, minus a small factoring fee. This is a time tested method to keep your company cash flow growing.If many of your invoices are not paid on time, use NeeBo Capital as your factor. Your business depends on money to run, and factoring is a way to avoid waiting Thirty to 60 days for invoices to be paid. Factoring companys such as NeeBo Capital look at your customer’s credit history and offer you an advance and a fee.

Something to remember is the fact you do not have to factor all your invoices. You should not look to factor clients who usually pay rapidly and dependably. The loss of money from the factoring fee would be greater than the immediate benefits. By studying your invoices and choosing carefully which ones to factor you will increase your profits. You do not have to take the very first rate that a factor company offers.

In the event you do not feel like you are receiving a bargain, check if the factoring company can offer a reduce rate over time or even determine if you could get a greater advance at the start while the factor works with your customers. Most factor companies give lower fees to companies that use their services often. This benefits the factor in addition to your business by generating a partnership.So do not hesitate, start factoring your invoices with neebo capital.com today!

Freight Bill Factoring Works Fast

Freight brokerages have a tendency to generally be very cash flow rigorous businesses – where the owner is walking on a tightrope attempting to balance slow shipper payments and quick payment demands from . This creates a dilemma because they need to pay their drivers quickly, but they don’t to angry shippers by requesting quick pays.

Their first line of protection is to use their on reserves to pay drivers, while waiting to get paid by shippers. Unfortunately, paying drivers out of cash reserves will restrict your growth and, if done too much, it can create issues for your business.

A much better alternative is to use company financing to take care of this gap. There is one particular type of financing that addresses this specific problem – it’s called freight bill factoring.

Freight bill factoring offers the equivalent of a quick pay, which improves your cash flow and offers the needed funds to pay your drivers and grow your business. It works by having a factoring company act as a financial intermediary in the transaction.

You sell the fright bill to the factoring company who pays you for it immediately. The transaction is then settled once your shipper pays the bill in full. The factoring company charges a small fee for this service – usually a percentage of the freight bill.

One of the advantages of freight factoring is that is easier to obtain than most conventional financing. The most important qualification requirement is the credit quality of your shippers. Aside from that, your company needs to be free of liens, judgment’s and tax problems.
Freight factoring can be an ideal tool for brokers who are growing quickly and whose biggest assets is a roster of reliable and credit worthy shippers.