Factoring-
The selling of accounts
receivables, or factoring as it is commonly known has been around
since Roman times. Factoring allows a business to collect money they are
owed immediately
by selling the right to collect on the invoice to a third party at a discount.
Today over 100 million dollars of invoices are factored in the United States
every year.
The process of factoring looks like this:
The factor or
funding source advances a certain percentage of the invoice amount
to the business. The remainder of the invoice is witheld by the factor and
is called the reserve.
The factor assumes the right to recieve payment on the invoice.
When the factor
receives payment the reserve is paid to the business less the amount
of the factoring fee.
Businesses factor for many reasons:
To make payroll.
To pay taxes.
To take on large orders and grow!
To take advantage of vendor cash discounts!
To unload the burden of collections and accounts receivable administration.
To increase
cash flow without taking on debt!
Retail Installment Contracts-
At Dos Coyotes Funding
we have access to over 60 funding sources that specialize
in many different areas. We will use our expertise to match you with one
of our funding sources
in order to design an installment plan that meets your business needs. We
can facilitate the sale
of your existing consumer credit contracts and future contracts as you create
them. We can help
you provide flexible payment options to your customers! We can give you
flexibility over your
competition!
Bad Debt-
Do you have charged
off accounts on your books? We have funding sources who specialize in
the purchase of uncollectable accounts. Call us! We just might be
able to turn these negatives
into fresh cash for your business!