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More information on Hollywood Invoice Factoring
Hollywood Invoice Factoring is the premier source for Factoring services throughout the greater Hollywood area. Hollywood Invoice Factoring 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
Invoice Factoring is a financial transaction whereby a business sells its accounts receivable, (invoices) to a Factoring Business at a discount in exchange for immediate cash.
Invoice Factoring is different from a bank loan in two significant ways. First, the Invoice 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 Invoice 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 Business Factoring Company. The account debtor is then notified of the sale and then remits payment directly to the Business 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 Invoice Factoring Company 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.
There are many different ways Factoring companies call this service including, Business Factoring, Factoring Business, Factoring Companies, Factoring Loans and Invoice Factoring.
Hollywood Invoice Factoring is a leading Invoice Factoring company. We provide our Invoice Factoring service to a wide variety of small to mid size companies.
We have earned a reputation for providing world-class service to companies who need Factoring lines for their businesses. When searching for Factoring Companies, look no further than Hollywood Invoice Factoring.
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 Invoice Factoring Business?
Call today and talk to one of our factoring specialists. Our factoring specialists will give a free consultation on how invoice factoring can help your business succeed. With Hollywood Invoice Factoring there is no red tape to cut through or bureaucratic maze to navigate. We make the factoring application process simple and straightforward, what more, we’ll get you approved in just 5 minutes.
Want to learn more about Hollywood Invoice Factoring? Call 800.707.4838 or Click here
Hollywood Invoice Factoring - Industries Served
Sometimes securing a Invoice Factoring Line can be a challenge because of the unique nature of your business. We offer a variety of creative Invoice 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 Invoice Factoring offers these factoring services:
| Apparel & Garment Invoice Factoring |
Marketing Companies Invoice Factoring |
| Communications Invoice Factoring |
Medical Invoice Factoring |
| Consulting Companies Invoice Factoring |
Oilfield Service Invoice Factoring |
| Contractors Invoice Factoring |
Printing Invoice Factoring |
| Distribution Companies Invoice Factoring |
Recruiting Invoice Factoring |
| Engineering Invoice Factoring |
Security Invoice Factoring |
| Environmental Services Invoice Factoring |
Service Industries Invoice Factoring |
| Government Contractors Invoice Factoring |
Technology Invoice Factoring |
| Healthcare Invoice Factoring |
Temp Staffing Invoice Factoring |
| IT Services Invoice Factoring |
Transportation & Trucking Invoice Factoring |
| Logistics & Transportation Invoice Factoring |
Utilities Invoice Factoring |
| Maintenance Invoice Factoring |
Warehouse Invoice Factoring |
| Manufacturing Invoice Factoring |
Wholesale Invoice Factoring |
For more information about Hollywood Invoice Factoring Service Please Call 800.707.4838
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