We would like you to factor
just as long as possible, but we have to go into this topic
with realistic goals in mind. Most companies should factor
only until their cash flow improves.
During this period, additional equity and
cash can be built up in your company. When this happens you
would no longer need our services. Your accounts receivable
list, by this time, would be comprised of good, quality accounts
that you can reliably absorb back into your company. |
Of course, if you are an
independent, or just don't want to deal with the hassle of
finding the right people to provide these services internally
for you....a long term venture with CJM Financial might just
be in your best interest! |
There are numerous benefits
of factoring. The first and foremost is improved cash flow.
As an example, lets say you as an independent can not collect
a $1000 freight bill. If you are lucky you make 10% of the
total bill in profit. That means you would have to bill $10,000
in freight charges just to recoup that $1000 dollar charge
off!
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A second benefit to you is
in record keeping. We send you a breakdown of all purchases
and the deducted amounts immediately. With a CD ROM of all of your billed invoices, you never need to keep boxes of invoices for the I.R.S. again.
An additional benefit is access to current
credit information. This helps you eliminate brokers or shippers
who don't pay in a timely manner, or at all.
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