Receivables Finance

Invoice Factoring Companies. Stress Free.


















































































Imagine flexbility that no one else offers.
Unlike the others, you choose what works best for you;


you sign no long-term contracts; you pay no fees when your account is inactive.
You set up your contract to meet your cash flow needs, not ours.
You can choose between using our most advanced technology or
using the old-fashioned systems - we maintain both for you.
Unlike the others, our objective is not to force you to conform to us,
but to get you the cash you need in the quickest and most efficient manner.

Imagine flexbility that no one else offers

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Please contact us today and our seasoned receivables finance professionals
will help you get the cash you need today.
- Call us at 1-800-986-1859

- Complete the Online Invoice Factoring Request Form

More About Receivables Finance

Factors are a different breed of lender, but pose their own difficulties. An outgrowth of collection agencies, factors specialize in collecting receivables. They buy a company's receivables and then bet on their ability to collect more of them at a faster rate than the original owner. Personal claims such as car loans are often sold to factors, as are trade receivables from small suppliers that sell to big companies. (In fact, factoring in this country was born out of the apparel business at a time when the big department stores were a financially solid risk and their suppliers were small garment manufacturers.)

Factors are not keen on nursing homes because nobody, least of all they, can rash the government when it comes to paying up. As a result, factors are not major players in the working capital market for nursing homes.

With nursing homes viewed as a less than attractive alternative by the two most traditional avenues of receivables financing, a new approach was needed. This has led to the development of a third type of funding source, asset-backed securities (ABS). It is the most esoteric of the three.

To understand how ABS came about and operate, we must look back more than 20 years to when the government decided to make residential housing affordable by making investments in mortgages attractive to investors, thereby increasing the availability of mortgage financing. The government guaranteed these loans, provided they met certain requirements. This allowed for the creation of pools of "conforming" mortgages that ultimately were guaranteed by the government. They became very attractive collateral for investors. These accounts receivables financing investment instruments are commonly known as GNMAs (Ginnymaes), FNMAs (Fanniemaes), and other more esoteric, less recognizable names.

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This was the beginning of a very important trend in U.S. capital markets. Both lenders and investors realized that sometimes an investor is better off in terms of risk if he buys a pool of loans than if he lends money directly to the company that booked the loans.

Nowadays, investors invest directly in all kinds of grouped assets: mortgages, student loans, car loans, credit card receivables, leases, even franchise dues or insurance premiums. They do this by buying ABS, notes or bonds issued by a special purpose company, the sole function of which is to hold the receivables which are the assets that back the securities. ABS have become so much a part of our financial markets that, in 1993, more ABS were issued than corporate bonds.

These special purpose companies are hybrids: like banks and finance companies in the sense that they are interested only in earning interest on a financial transaction, and like factors in that they purchase receivables.