"This was the first time I had factored anything with your company but I was very impressed with the quality and quick service I received. I have factored with other companies over the years and many times what you see is, not what you get, but not in this case. You made the switch very easy! I will continue to factor with CJM. Thank you for your prompt service." S. Cortez – Arizona
Benefits of Factoring
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!
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.