Traditional Factoring

This is an arrangement whereby you as the client contract to sell all your accounts receivable to us for an agreed period. Factoring provides you with the following advantages:

• Funds
  Immediate Cash advances up to 90% of the invoice amount, with the balance being paid to you when your customer pays us.
• Accounts Receivable Processing
  We do all your accounts receivable processing from the time you issue an invoice to collection. We provide you with report each time a customer pays, as well as an aged analysis of all your customers’ accounts. We are able to provide you with on-line access to this information 24/7.
• Credit Administration
  We will investigate your customer’s creditworthiness and provide you with credit advice. In addition, at your request, we are able to provide you with credit protection against bad debts.
• Collections
  Our highly trained and professional receivables management team will at all times deal with your customers politely, with sensitivity and tact, and always with the utmost respect.

Selective Account Factoring: This program provides all the benefits of Traditional Factoring but enables you to restrict your factoring to certain mutually agreed accounts only.

Benefits of Factoring:

• Turn your Receivables into Immediate Cash:
  Franklin provides Immediate Cash usually within 24 hours.
• Take Discounts or make advantageous Purchases:
  The certainty of when you have funds available enables you to purchase advantageously from your suppliers, take advantage of special offers, close outs or discounts.
• State of the art accounts receivable management and control:
  Franklin provides up to the minute professional accounts receivable and credit control enhanced by detailed reports and on-line information round the clock.
• Answer to Seasonal swings in business and Growth:
  Since factoring is linked to your ability to sell and produce good receivables rather than to a fixed credit line, it provides the answer for growing businesses as well as businesses that experience seasonal fluctuations.
• Reliability:
  You are not subject to the vagaries of an annual review of your financial performance, provided you sell and produce acceptable receivables we will support you.

Requirements:

• A current aging of accounts receivable.
• A current aging of accounts payable.
• Your most recently available financial statements.

Geographic Area:

• National

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