WHAT IS RECEIVABLE FACTORING

Using a Receivable Factoring Company

Using a receivable factoring company is basically a quick way to get cash from your receivables. Receivable factoring is not a loan. When you give your customers an invoice, they usually have 30 days to pay you back.

Receivable factoring companies will purchase those invoices and give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee. Receivable factoring doesn't require debt.


Why We Are UNIQUE

OVER 40 RELIABLE YEARS FACTORING RECEIVABLES FOR COMPANIES NATIONWIDE

Only a handful of receivable factoring companies can say that.



Even fewer can say a majority of their new receivable factoring business comes from client referrals. Our clients are happy! We give you much more than just funding. We also give you back your time.

Need Cash Today For Your Company

We know that more and more these days your customers are stretching payments, some because they can, others because they are struggling. But you also have bills to pay. So instead of focusing on other crucial aspects of your company. You're stuck chasing down your customers. We know that’s very unpleasant. Not only for you, but also for your customers.

 receivable factoring companies

We Are Your Solution

Our receivable factoring company programs and services will get you the cash you need and provide relief to your customers too. You don’t have to be the banker for your customers.

We also help you identify good risk from bad. No more buying expensive credit reports or trying to figure out how to read them. Our credit and collections managers are seasoned experts.

Receivable factoring companies especially live and die by their credit and collections decisions. Our factoring veterans know what exactly to look for in helping you make the right credit decision for your company.

We can lift that heavy burden of credit control off your back for invoices you decide to factor, saving you big time and money.

 companies factoring companies customers
No more collection calls

You will no longer need to make those uncomfortable and awkward collection calls. Would you rather spend your time calling your customers getting to know them better? Our team is very experienced and professional when it comes to placing follow up collection calls in your behalf. We bring any important matters to your attention. This allows you to focus on what you do best.

You can be confident about accepting terms with your customers because you won’t need to wait for payment from them. We will handle the aspects of credit control, including checking your customers’ credit, collecting outstanding amounts, and providing you with detailed online reports for your factored invoices.

It can cost you a lot of expense and time to handle these things yourself, and when you work with us, these back-office services are included in your factoring fee.

Boost Sales For Your Company

Have you ever turned down or avoided a new sales opportunity because of a customer’s payment terms? If your answer is yes then our receivable factoring programs definitely can help you land that customer.

Using our receivable factoring company services, as soon as your goods are delivered or services performed, you can count on funding for those larger companies with slow payment terms.

With our receivable factoring company services, you can now confidently ask your customers for more business. Knowing you have a source of reliable cash flow, you may never have to turn away a good new sale.

Why Orange Commercial Credit is the Right Choice for Your Company

Before you decide if we are the right receivable factoring company for you, let us tell you a little about us and how we stand above the other factoring companies.

 factoring Over 40 Years in the Receivable Factoring Business

We have been in the receivable factoring business for over 40 years, are independently held, and have a proven track record of being FINANCIALLY SOLID. We have survived many of the economy's roller coaster rides and in having done so, can lend you a helping hand in hard times. Rest assured we will be here for you when times get tough.

Happy Receivable Factoring Clients

More than half of our new receivable factoring business comes from current customer referrals. We have a long list of happy factoring clients, our average client has been with us over 4 years, which is unique in the receivable factoring industry. Compared with the other receivable factoring companies, we have the highest factoring advance rates. Also we have no factoring minimums and transparent factoring fees.

what is a factoring company We Care About Your Company

We have your company's best interests and success in mind. Other receivable factoring companies may not be in it for the long haul and every step of your company's journey. For example, some receivable factoring companies will continue to purchase your invoices because they don’t have the ability to see trouble ahead. You could end up buying back invoices from customers who could have been avoided in the first place.

We operate differently than the others. Our purpose is to build a strong relationship with you and protect your company against risky customers, keeping your business profitable.

Protect Your Company From Taking Losses

We have credit experts and current payment data to spot early payment trends to help protect your company from taking losses on customers who may be heading into bankruptcy. Other receivable factoring companies may not monitor these situations as carefully to protect you.

 Factoring Companies

“Helps Us Grow and Expand”

“I would like to personally thank OCC for over 8 years of factoring support. Factoring has been instrumental in helping us grow and expand our business without any cash flow disruptions. We look forward to the continued stability factoring provides and highly recommend Orange Commercial Credit to whom are considering factoring.”

—Jorge, President and Owner and Client Since 2009
Analytical Laboratory Services

How Receivable Factoring Works

So how does our receivable factoring company program work? Unlike a bank we focus on the strength of your customer's credit and their ability to pay their bills, not yours. We charge a small fee for our factoring service, but there’s no debt and no interest. The factoring process is online and designed to be as easy as possible so that your business can thrive.

Once you are setup for receivable factoring you get funded in 3 easy steps. First, you deliver your order/service to your customer. Next, you send us your receivable and supporting paperwork. Upon verification your invoice proceeds are sent to you, typically within 24 hours for returning customers. We’ll send your invoice to your customer as well as collect the payment from your customer.

We also provide you with free back-office support and manage your collections on invoices that you factored for your company. Your company gets online access to lookup your customer's payments. You know the status of every invoice at the click of a mouse. That’s it!

what is invoice factoring Additional Features of our Receivable Factoring Program Include:
  • Full advance and no reserve account programs
  • No set-up fees
  • No-cost, no-obligation application for written proposal
  • No minimum monthly factoring requirements
  • Funds applied same day as receipt (no float time)
  • Flexible program lets you factor any number of accounts
  • No long-term contract (90 days is typical)
  • One experienced and dedicated account representative to manage your account
  • Free 24/7 online access to your account activity and performance
  • Free credit checking of new and existing customers
  • 24/7 online invoice submission
  • Free collection follow-up on factored invoices

SO, CAN YOUR COMPANY BENEFIT FROM RECEIVABLE FACTORING WITH US?

what is receivable factoring

Of Course! From small privately-owned companies to large corporations, businesses of all sizes rely on Orange Commercial Credit receivable factoring programs to boost their bottom lines by increasing cash flow and streamlining accounts receivable processes. OCC works with companies in most industries, including those in trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing and more.

Unlike a bank loan, receivable factoring has…

    • No principle or interest to pay over time
    • No restrictive ratios such as debt to worth that limit growth
    • No debt to repay
    • Funding that keeps up with your growth
    • Fast funding – unlike conventional bank financing
    • Approval focused on the strength of your customers’ credit
    • Startups are welcome
what is a factoring company


The Most
Frequently Asked Questions



What exactly is receivable factoring and how can it help my business? Is it like a loan? Will I incur any debt?

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What makes your company any better than any other receivable factoring company?

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I’m not familiar with your company. How do I know you’ll be in business when I need it?

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How do I know if you’re the right company for my business?

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I’m a smaller business. Will I be accepted by your company?

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I have been turned down by banks, will I qualify for receivable factoring?

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I have tax liens. Can you help me?

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I have a UCC Filing against my company. Can you help me?

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Are there any minimums? What kind of agreement do I need to sign?

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“I’ve been working with OCC for over 9 years now and they’re like a partner for me.  I could not have grown my business this quickly without them!!! Jaimie Smith my account executive is great!! I get credit checks done same day on new business and have never had a complaint from any customer.”

—Janice T.
Staffing Company

Can I know what your fees and rates are up front?

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How much of my invoice will I receive up front, and how soon will I get the money?

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This is all new to me. Are you easy to work with?

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I don’t like talking to robots or call centers. Can I talk to a real person when I need to?

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How will you work with my customers to collect their money?

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Will I be able to keep track of collections from my end?

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What other advantages do you offer me?

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Can my company use receivable factoring?

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ANSWERS



What exactly is receivable factoring and how can it help my business? Is it like a loan? Will I incur any debt?

If you give your customers 30-60 days or more to pay their invoices, wouldn’t it be great if you could get that money right away? Well, you can! When you use the services of our receivable factoring company, you get 85-97% up front, when you need it. We take care of collecting the money from your customers so you can focus on running the other areas of your business. After your customer pays the invoice, the 3-15% reserve balance is refunded to you less the factoring fee. It is not a loan. There is no debt. You can put that cash to work right away to grow your business..

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What makes your company any better than any other receivable factoring company?

Almost all receivable factoring companies claim to offer simple fees, 24-hour funding, no up-front fees, no monthly minimums, etc. We do, too. But we don’t stop there. We go the extra mile for you that other receivable factoring companies just can’t or won’t. Receivable factoring has been our primary focus since 1979, and we’re committed to offering the most effective and versatile programs in the industry. Give us a call now to find out how we can better help your business.

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I’m not familiar with your company. How do I know you’ll be in business when I need it?

We’ve been in business since 1979. We’re privately owned, financially strong, and have survived economic downturns that have put other companies out of business. We know what it’s like to go through tough times. We’ll help you make the right financial decisions in good times and bad. We’ll be here when you need us to help keep your business running smoothly and staying strong.

Experience our superior offerings and service. Call us today.
1-866-434-0567
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How do I know if you’re the right receivable factoring company for my business?

You need peace-of-mind knowing that you’ll be making the right decision when it comes to selecting an receivable factoring company. Since 1979 we have been funding companies in a wide range of industries and sizes. Should your needs fall outside our parameters, we’ve built a vast network of resources and can save you a tremendous amount of time by helping you find the best match for your business from the very beginning. You will love our flexibility and ability to match your particular needs and industry to the perfect funding resource.

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what is a receivable factoring company

I’m a smaller business. Will I be accepted by your company?

We work with companies of all sizes. Small businesses are the glue that hold our economy together. If your business is very small we can introduce you to our network of “micro” receivable factoring companies who assist even the smallest of companies.

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I have been turned down by banks, will I qualify for receivable factoring?

If your business provides a product or service to a creditworthy business(es), and you extend that customer payment terms yet would prefer not to wait to get paid, you are a candidate for receivable factoring. If your customers utilize your payment terms, but have a good pay history, you will want to take advantage of receivable factoring.

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I have tax liens. Can you help me?

Yes, if you and the IRS have a payment agreement in place there is a good chance we can help you.

Give us a shout and speak with one of our veteran factoring experts.
1-866-434-0567
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I have a UCC Filing against my company. Can you help me?

Yes, if the UCC holds your accounts receivable as collateral we will need the lender to subordinate or terminate to allow for factoring since factoring requires a first position UCC on your accounts receivable. We can help you navigate that process.

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Are there any minimums? What kind of agreement do I need to sign?

We have no minimums. As a matter of fact, you can pick and choose which invoices you want us to help you with. And, we offer agreements starting as short as 90 days. You select which invoices you would like to submit for funding as frequently as you need. Our receivable factoring program is like carrying a credit card in your pocket. You carry it to use when you need it. Call us now and let’s get started today.

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Can I know what your fees and rates are up front?

Sure! Unlike most companies out there, we are totally transparent about our fees and rates up front. Our typical receivable factoring rates run from 1.5% up to 4% depending on several criteria, including volume, industry, and risk. Our services include funding by ACH, wire transfer and electronic submission of invoices. Each of these options have nominal transaction charges associated and are always clearly stated up front in the factoring proposal. Unlike the others we do not charge you any set up costs. Nor do we charge you a monthly minimum fee or any other types of fees that the others charge.

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How much of my invoice will I receive up front, and how soon will I get the money?

Most receivable factoring companies have advance rates that run from 70% to 90%. Our advanced rates are much higher—from 85% to 97%. Once your customer pays the invoice, the reserve portion of 3% to 15% is refunded to you less the factoring fee. Your funds are deposited directly into your business checking account. It’s simple. It’s easy. It’s fast.

Speak to one of our account representatives and we’ll give you all the information that fits your particular business.
1-866-434-0567

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This is all new to me. Are you easy to work with?

Of course! We are a privately held company made up of like-minded entrepreneurs just like you. We know what you’re going through—we’ve been there—and we’ll be helping you every step of the way. We take the time to listen to your situation and put together a personalized plan just for your business. Contact us today and let’s talk—no obligation!

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I don’t like talking to robots or call centers. Can I talk to a real person when I need to?

Definitely! Once you sign up with us, you’ll be assigned your own dedicated Account Executive who will learn your business intimately. This way we can help you in ways the others just can’t.

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How will you work with my customers to collect on the invoices?

OCC interacts professionally at all times with your customers as we know your customer relationships are the lifeblood of your company. OCC should not be confused with a collection agency. OCC places calls on your behalf to check on payment status, we make note of check dates which we can share with you as well as pass along any messages to you. Essentially, OCC becomes your Credit and Collections Department for factored invoices which frees up your time and your staff’s time to do other more productive things.

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Will I be able to keep track of collections from my end?

Yes! You’ll have online access to aging reports, and are kept abreast of any collection issues so there are no surprises.

find out more about how you can benefit from receivable factoring with Orange commercial credit. call us today.
1-866-434-0567
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What other advantages do you offer me?

Well, to start, the team at OCC has in-depth credit expertise and resources including business credit reports to check your customers’ creditworthiness. This can help you stay ahead of any possible negative payment trends. This is critical information you need to run your business smoothly and avoid bad debt write offs.

We’re committed to offering leading edge technology to expedite the funding process, such as electronic submission of invoices, online reports, online credit checking, and other emerging methods in order to streamline the process and reduce overhead, which means lower rates for you. Most other companies don’t even come close to our level of technology and efficiency. Contact us today and we’ll show you everything we offer that the other companies can’t, or won’t.

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Can my company use receivable factoring?

Companies of all sizes - from small mom-and-pop businesses to large corporations—use receivable factoring to increase their cash flow, which greatly facilitates business growth and keeping everything running smoothly. It’s easy to get started—just give us a call and we’ll tell you all about it.

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