Welcome to Diversified Funding Services, Inc.
Before you fill out forms on different sites, do yourself a favor and spend some time at this site. Watch our video, and examine our resource center to see if factoring is the right funding tool to help your business grow.
We have been in the factoring industry since 1998 Don't let net 30 terms hold you back, Diversified Funding Services will help you understand the power of factoring using your account receivables.and could tell you about the hundreds of millions of dollars that we have obtained funding for our past and present clients but the truth is you probably do not care about that. You are interested in finding a factoring company or you are just kicking the tires trying to find out more about this financial tool.
Is Factoring Right for Everyone?
In Short, No. Although factoring is a good fit for many businesses in a variety of industries and financial situations, accounts receivable factoring is not a perfect fit for everyone. There are some situations where factoring would not be appropriate. For example, if a company had fast access to other sources of funding such as traditional bank financing, or pre-approved business lines of credits, then factoring would not make sense. Additionally, if a company has adequate working capital and can wait 30, 60, or even 90 days for their customers to pay them, then factoring would not be the best course of action.
However, most businesses that have a need for factoring, and are able to qualify, will see immediate benefits. Having additional funding can allow a business to pay their suppliers, employees, and overhead, as well as having extra capital to expand their business and compete more effectively.
Factoring is not debt financing like bank financing because you are not borrowing money with factoring, you are selling an asset which are your receivables.
It is important to realize that factoring rates are typically higher than traditional bank financing, however it is not appropriate to compare factoring rates verse bank financing because the products are very different. You can learn about some benefits of factoring by clicking this link.
What makes Diversified Funding Services different?
Filling out forms on other sites that sell leads may have the consequence of flooding your phone or inbox with useless information. Let me stop the insanity and let's work together to resolve this critical juncture in your business and provide you with an easy stress free solution. In our presentation we explain how our free quote program works and the advantages of using our services at no cost to you.
Take a look at the Profit Comparison Chart to see how factoring accounts receivables can improve your bottom line!
| Currently | With Factoring | |
|---|---|---|
| Annual Sales | $1,000,000 | $2,000,000 |
| 20% Gross Profit | $200,000 | $400,000 |
| Overhead | $60,000 | $80,000 |
| Cost of Factoring | N/A | $60,000 |
| Net Profit | $140,000 | $260,000 |
| Net Additional Income | $120,000 | |
The internet is filled with factoring companies and factoring brokers that clamor for your business and each of the factoring companies are telling you they have the best rates, best service, etc.
Here is the truth:
- No matter what they tell you over the phone or through their website you will not get an accurate quote until you send in all the required information.
- What type of factoring relationship do you want?
- Some factoring companies require financial information from your company…some do not!
- Some require term contracts….some do not!
- Some require minimums…some do not!
- Some require personal guarantees…some do not!
- Some offer prime plus rates…others offer flat rates!
- Some put a lien on your receivables when you sign their application…my factoring companies DO NOT
The point of all this is to tell you that we want to earn your business which we will do by NOT doing the following:
- We will NOT waste your time on the phone
- We will NOT ask you to fill out any applications
- We will NOT ask you for any money...EVER
- We will NOT give you unrealistic quotes just to get you in the door
In summary, if you need cash to make your business grow and have creditworthy companies that owe you money for your product or service, then we will work hard to make sure that you find the right factoring company "fits" with your business. Please give us a call, send us an email or find out how our free quote program saves you time and we will have our reputable factoring companies contact you today so we can get started taking your business to the next level!
What is Factoring?
How can factoring help my company's cashflow by using my accounts receivables?
Factoring is a fast, easy and flexible way to improve your cash flow and generate working capital for your company. Through the power of factoring you obtain immediate access to cash that is normally tied up for terms of up to 30, 60 or 90 days in your accounts receivable. This increased cash flow allows you to take advantage of growth opportunities, early pay discounts, reduce debt or cover operating expenses.
Unlike a traditional loan, factoring does not add debt to your balance sheet, and there are no loans to repay. By selling (factoring) your accounts receivable to a factor rather than borrowing from a bank, you simply convert one asset (accounts receivable invoices) into another asset (cash). You can factor your accounts receivable with a factoring company to improve your cash flow or help to accelerate your growth. There are no lengthy applications or loan committees, and typically no financials or tax returns are required. Factoring can be short-term or part of an ongoing financing program. New companies can benefit as well, since there is no requirement for a long-term credit history.
Factoring is one of the oldest and most powerful cash flow and management tools available to businesses today. This is because the most important aspect of the transaction is not the credit-worthiness of your company; it's the credit worthiness of your customers, this is why factoring can help start up companies as well as seasoned companies. So, factoring is a fast, easy and reliable financial transaction that allows you quick access to your working capital that is based on the financial soundness of your customers.
Let Diversified Funding Services help you acquire the capital that fuels your business. We know the problems of startups and high-growth businesses. Our factoring companies are aggressive well-capitalized funding sources and represent lenders who understand your industry and want to help your business. In short, we have the experience, expertise and financial resources to put factoring to work for your business and its accounts receivables.
