Posted by National Capital Corporation on July 06, 2002 at 19:30:47:
As interest rates for all types of real estate loans continue to hover at, and more recently, DROP once again, many new as well as seasoned brokers find that the real estate side of the cash flow business is becoming increasingly "thin". Too many brokers chasing the same note type.
We have always found that educating yourself in as many "diversified" note types will see you through the lean times. In some cases you may find that an area that you hoped would simply supplement your present expertise soon BECOMES your company's main focus.
When was the last time, if ever, you seriously considered getting involved with factoring of commercial account receivables? Despite low interest rates, it's never been harder for BUSINESSES to qualify for small business loans...or ANY business loan for that matter. Defaults, BK's, etc. are setting records everyday. As a result, banks and typical lending institutions are becoming increasingly "skittish" when it comes to lending money to businesses for ANY reason. Small business America cannot keep up with the demands of their customers as the majority of their cash flow is tied up in the invoices they are waiting for their customers to pay. Factoring brokers help these parties get a high % of their invoices (in many cases up to 80%) within 24 hours.
90% of this country's vendors and service providers find they have to provide credit terms to their customers in order to stay competitive. Cash on delivery is literally a thing of the past. However, waiting 15, 30, 45, even 60 days for your outstanding invoices to be paid is preventing you from being productive and robbing you of higher profits.
Imagine receiving 80% of your invoiced amount the same day the product/service and respective invoice was delivered. How many additional orders could you fill? How many more customers could you attend to? Imagine the increased productivity and profitability by having cash in hand versus waiting for your customers to get around to paying you. Additionally, what kind of discounts could you take advantage of from your vendors if you paid them within 7-10 days?
Factoring accounts receivable has never been easier and more affordable. When an invoice is generated we purchase it and advance up to 80% of the invoice amount directly to the client's bank by wire transfer within 24 hours, sometimes the same day. Then, when the customer pays the invoice, the client receives the remaining balance, minus a nominal fee. Think of the additional orders they could then fill in the time they used to spend waiting for invoices to be paid! The additional profit margins on orders that previously could not be filled more than off sets the factoring fee not to mention the discounts they may realize from paying THEIR suppliers early. Factoring is a "WIN-WIN" for our clients nationwide.
How does the broker get paid? You receive a % of what we charge, typically 15%. However here's the real wealth in being a factoring broker...for every account you set up with our company, you get paid for EVERY INVOICE WE FACTOR, FOR LIFE. This residual income is what makes factoring so attractive for the brokerage community.
A simple two page application, copy of their Articles of Incorporation, aging report and a sample invoice is all that's required to get started.
Please feel free to contact us for information on increasing your company's productivity and profitability. E-mail your request today and we'll e-mail all company information including the application to your attention. Additionally, all company criteria is at our broker friendly web site.
We look forward to working with you.
Ed Lisogar
NCC
ed@nationalcapitalcorp.com
www.nationalcapitalcorp.com
- Re: Diversification: The key to surviving in this industry chuck 15:32:59 12/05/2002 (1)
- Re: Diversification: The key to surviving in this industry Ed Lisogar-National Capital Corporaton 17:14:21 12/05/2002 (0)