Over 60 Years of Experience
TRANSFAC offers decades of experience in account receivable management & funding that equates to a serious competitive edge. Whatever the situation, our seasoned staff has the knowledge to work with you to arrive at a solution that covers your immediate financial needs, while addressing the long-term concerns of your business.
A Willingness to Take on Start Ups and Young Companies
Acceptability is based primarily on the credit rating of your customers. Our primary considerations are your accounts receivable factoring and your customers ability to pay. If you have good customers you qualify for invoice funding.
Immediate Unrestricted Cash Flow
We convert accounts receivable into immediate and steady cash flow through invoice funding. No more waiting for your money! You can have cash to grow, cash to cover emergencies, cash for payroll, cash to meet seasonal requirements etc...
We Assume Responsibility for Credit and Collection of Receivables
With TRANSFAC, your company has a great way to outsource billing, credit and collection in much the same way that many do with payroll. Our financial factoring program is designed to decrease workload, minimize aging, and offer savings in both employee / payroll expenses and office equipment requirements.
You Eliminate Backroom Headaches and Costs
We handle all invoice mailings, postage, follow up contacts, receivables bookkeeping, and invoice verification. Your TRANSFAC account executive provides continuity and always treats your customers with respect and courtesy.
We Provide Continuing Credit Checks
You get credit checks on existing and/or potential customers even before you take them on. We continue to monitor their financial health and are able to anticipate potential payment problems.
No Bank Covenants and Principle Payment
You can get cash now without incurring any new debt and, unlike a bank, there are no burdensome covenants and monthly loan payments to make.
No Loss of Business Equity or Control
Ownership percentages remain unchanged with a financial factoring arrangement.
Maintain or Establish Great Credit for Your Company
With cash flow funding you now have cash to pay your company's bills in a timely manner which keeps your credit rating solid.
Grow by Extending Credit Terms to Your Customers
Your business can grow and now be more competitive by offering credit terms or extended payment terms to potential and current customers without the impact of a poor cash flow.
Take Advantage of Supplier Early Payment and Volume Discounts
With cash flow funding you may be able to save on raw material or service costs because you can now pay your suppliers in cash. With cash in hand you also can get volume discounts, which means significant savings.
Stop Offering Early Payment Discounts to Your Customers
Because with invoice funding you will now receive your money immediately, you do not have to offer early payment discounts on your invoices.
Leverage Off of Your Customers' Credit
Your company doesn't need to be credit worthy. In fact, it's not necessary to be in business for multiple years, or be profitable, or meet any other conventional lender qualifications. By simply having credit-worthy customers you can qualify.
24 hour / 7 day Access to Your Account Information
You can access on line all your receivable accounts activity in detail or summary form. Get aging reports, settlement reports, funds employed, reserve amounts, fees, line by line invoices and much more.
Dedication to Excellence and Problem Resolution
Our innovative financial factoring solutions are enhanced by an expert staff of experienced people who really know the business and are easy to work. We take the time to understand your unique needs. In fact, TRANSFAC people are always prepared to make sound financial recommendations by helping you sort through your options.
P.O. Funding
As an accomodation to our clients we will also do P.O. financing.
Inventory Financing
As an Invoice Factoring client, TRANSFAC can provide extra cash by financing your inventory.