Many clients typically come to us because they provide an excellent product or service, but need faster cash flow. Orders go unfilled, inventory cannot meet demand, their accounts payable are strung out, they are having problems meeting payroll or daily operating costs, taxes are backing up, suppliers will not give them any more credit…. the list goes on! All because cash is tied up in accounts receivable and inventory financing . They have provided the service or product - they just haven't been paid yet! On top of this, more time is being spent on crisis resolution or collections and not enough on effectively managing growth.
Other clients come to us because they may be a relatively new or small business with a great product requiring capital for growth and no bank will talk with them. While we look at a client's financials, the most important determining factor for us is the strength of the client's own customers.
Still others may be a seasoned business that has had some financial difficulties in the past, or perhaps is working off a tax lien and finds it difficult to raise funds as part of their turnaround strategy or perhaps they are in bankruptcy and putting together a plan. We regularly work with small to medium sized businesses in such situations and routinely get these firms back on solid footing.
TRANSFAC clients come from many industries all across America including; manufacturing, transportation, staffing, service, communications, wholesale, etc. We welcome start-ups with sales under $10,000 per month to multi-million dollar operations with sales over $1 million per month. One may be a trucking firm generating thousands of invoices per month, another a specialty toy manufacturer who works out of a garage, another an importer bringing in one container of soft goods every 3 months, or another a carpeting manufacturer.
INDUSTRIAL SAFETY AND MAINTENANCE PRODUCTS SINCE 1918
Transfac Funding has been the sole vehicle in allowing [us] the ability to weather it's past and present growth. As we all know cash-flow is the lifeline of any business, and when the majority of capitol is tied up in receivables and inventory it becomes increasingly difficult to make ends meet. Transfac has become [our] lifeline in our time of growth.
As a small and medium business owner it is very difficult to wear "all the hats" in our organization. From selling, payroll, receivables, payables, taxes…etc. The mere fact that Transfac will provide next day funding on invoices provides the best comfort level of all. There is no worse feeling than a lengthy receivables list and a growing payables list. Transfac has eliminated this obstacle 100%
The staff at Transfac is second to none. From accounts receivable management to the account executives there commitment to mutual success is outstanding. Knowing that someone is managing your accounts receivable factoring on a daily basis in a professional and respectable manner and more importantly keeping in contact with you is priceless.
Prior to finding Transfac I spent the majority of my time as an overpaid office hand. Since, I have been able to concentrate more on the development and growth of our customers and less time on the daily grinds of getting invoices paid. I don't believe there is a better feeling than knowing I am an income producer rather than an overhead expense.
If anyone can identify with just a few of the items I mentioned I would recommend contacting Transfac. They are the reason for our ongoing success.
Sincerely,
President
Industrial Supply Co.
MANUFACTURERS of PRECISION CUTTING TOOLS
It is not often that one finds a reliable entity that can be depended upon for prompt, efficient, and courteous factoring of it’s receivables such as your company has provided [us] for the last three years. Until my company discovered TRANSFAC we were mired in a title wave of accounts receivables that make it difficult to maintain constant cash flow in this country’s current economic environment.
All that changed as soon as we corresponded with TRANSFAC and began a whole new business life that reduced 30, 45, and 60-day invoices into hard cash in (4) days, and all at a very nominal fee – I might add.
Your prompt processing of our invoices has opened a new avenue of business development for my company and thus has generated nothing but applause from us here for all your greatly welcomed and professional service.
Wishing you well,
President
Tool Company
TRUCKLOAD TRANSPORTATION
I have been with TRANSFAC since 1986. They have provided me with the necessary funding to maintain my daily operations plus grow my business. The personnel are knowledgeable, willing to assist and always polite. The settlements are prompt and accurate.
President
Transport Company
LESS THAN TRUCKLOAD TRANSPORTATION
This is to advise that [we] have used the services of TRANSFAC for many years. We have found this to be beneficial for providing adequate cash flow for increased business growth costs, equipment needs, etc.
Should you elect to use the services of TRANSFAC, I feel you would find their staff courteous, helpful and proficient in their work.
Sincerely,
Director of Administration
LTL Trucking Co.
CONTACT US
TRANSFAC
6601 NE 78th Court, Ste A1
Portland, Oregon 97218
Tel: 800-222-2307
Tel: 503-226-3493
Fax: 503-445-0186
257 East 200 South, Ste 350
Salt Lake City, Utah 84111
Tel: 800-458-6056
Fax: 801-575-6507
email: sales@transfaccapital.com
website: www.transfac.com
For additional information about our factoring and accounts receivable managment program and a Free Rate Proposal,
Please Call: 800-458-6056