Invoice Factoring Can Help Fund Your Business

Alliance One is a New York Based Factoring Company.  With over 40 Years experience in the Financial Industries.  We offer invoice factoring in all 50 States. 

WHAT YOU NEED TO KNOW ABOUT INVOICE FACTORING

Factoring is when you sell your accounts receivable at a discounted rate, (to an invoice factoring company) for immediate cash.  After you provide a product or service, you send an invoice to your customer and then you wait to get paid.  When you sell your aging invoices to Alliance One LLC, you no longer have to wait for your customers to pay you. We purchase your invoices and advance you the money so you no longer have to wait to get paid.  Alliance One LLC is not a collection company, we do not call your clients demanding payments, we are simply your financial partner, will the sole purpose of making sure you are cash flow positive.

You sell us your open invoices, we verify that the products have been delivered or that the services have been rendered and then we send you your money.  We advance you up to 90% of the invoice face amount within 24 hours of the verification of each invoice.  The other 10% will go into a reserve account and will be held your account until we are paid.  After your customer/s (our debtor/s) pays the invoices to Alliance One LLC, we release the reserve money that we are holding back to you. When you factor your invoices, you are always only one day away from getting your money.  If you choose to sell your accounts receivable to Alliance One LLC, we will offer you the most competitive rates in the industry with the highest advance rates. You sell us an invoice today, we fund it within 24 hours.

Business financing comes in many shapes and forms, what works for one company might not be right for another.  Smart business owners want to know about all of their financial options before choosing the vehicle that will take their business to the next level; is  invoice factoring right for you and your business?

DOES YOUR COMPANY ACCEPT CREDIT CARDS?

Did you know that in most cases accepting cards costs more than it does to factor your invoices?  The average credit card processing fees range between 2.5% and 3.5%.  Most merchant accounts also charge you a transaction fee and monthly junk fees. If you currently accept credit cards but you are nervous about the cost to factor, you shouldn't be.  If your customers are net 30 day payers, factoring will normally always be less expensive than accepting credit card payments.  Factoring only becomes more expense if you have longer net paying customers.  The great news about factoring with Alliance One LLC is... You get to pick and choose the customers that you want to factor.  If you have some customers that are on a net 90 and do not want to incur a higher factoring fee, you do not have to sell us the invoices from these customers.  

CAN INVOICE FACTORING SOLVE YOUR FINANCIAL PROBLEMS?

It depends if you need quicker access to your cash or not.  If you are struggling every month to meet your financial obligations and you want to permanently stop this from happening, then yes... Invoice factoring might be a right move for you.  Ask yourself this simple question... If all of your customers paid their invoices tomorrow, do your financial problems go away?  If you answered yes to this, then factoring is the best solution for your company.  

Are you looking to grow your business but do not have the funds that are needed to expand?  Are you nervous about hiring additional staff members because of cash flow issues? 

Invoice factoring allows you access to your cash when you need it. Even if your customers take 90 days to make their payment, we will still pay you within 24 hours. We wait to get paid by your customers, you no longer have to. If you would like more information about invoice factoring, call Alliance One LLC at (800) 622-6658 or Click Here for a quick factoring quote.

REASONS WHY FACTORING MIGHT BE RIGHT FOR YOU

We know there are other financing options out there but before you decide which option is best for you, you need to know the costs, time frame and qualification requirements first.

When it comes to factoring, it’s cut and dry.  To qualify to factor with Alliance One, you need…

1. Active Corporation that is in Good Standing – If your corporation has been around for many years or as little as a day, you can still factor with us.
2. You need to have more than one customers to factor
3. You will need to sell us one invoice every 60 days
4. You cannot have any all asset liens on your company i.e. bank loans or federal/state tax liens (against your company)
5. Your personal credit is a non factor. If you have great credit or less than great credit, this does not affect your rate nor will it stop you from qualifying.
6. When factoring invoices with us, we pay your company and your customers will pay us directly. Your customers must be willing to pay a third party.
7. We establish a line of credit on your customers, for the amount that we will be purchasing from you. Your customers need to be creditworthy for us to open this credit line.  In the event that they are not credit worthy, we are still able to purchase invoices to them, but a cap will have to be set.

Setting up your company to factor, is simple too.  You complete our pre-application and then we send you out our agreement to review and to sign.  Once the agreement has been executed, you supply us with some simple documents; we then submit the file to the underwriting for an approval.  The underwriting process can take up to 48 hours. After your file is approved and you will be assigned a designated account rep that will verify the invoices and assist you with your funding/s.  After the verification, the file goes back to to underwriter for the final approval.  Most new accounts are setup and ready to fund within five days.  Take a look at our fee structure, you decided on the program that is best for your company.

BANK LINE OF CREDIT - DO YOU QUALIFY?

A bank line of credit will normally always be most cost effective method of financing but do you qualify for a loan and if so, will you get the amount that you need?  When was the last time you applied for a bank line of credit?  if you have not applied in a while, below is what you will need.

1. A minimum of two years in business
2. Two full years of tax returns that show profits
3.  A very high personal credit score
4.  Three months of business bank statements
5.  Assets for the bank to have security

Face the facts, banks only want to give you cash, when you no longer need it.  If you do qualify for a loan, it is almost never in the amount of money that you actually need and you will wait for months to get approved.  There is a reason why bank money comes at a lower cost than most other forms of financing; it's because only the elite businesses qualify.  If you are among the small percent of businesses that qualify for a bank line of credit (for the amount that you need), this will be the least expensive option for your company.

We provide invoice factoring for small businesses, mid-sized businesses and large businesses; no invoice is too small or too large.  If your company is open for a day or 10 years, if you have great credit or less than good credit then we are the right company for you.  Alliance One is an accounts receivable factoring company, we are a New York based AR financing company and we provide factoring services in all 50 states.  If you need a quick financing solution, commercial factoring might be right for your business, call us today, we are ready to purchase your invoices.

If you would like some more information to review at a later time, please bookmark this page or you can download our Free Invoice Factoring E-Book. 

Alliance One LLC

Invoice Factoring \ Account Receivable Financing
 For New and Established, Small and Mid-Size Businesses

Call Us: 800-622-6658

HOW INVOICE FACTORING WORKS