Joplin Factoring | Factoring in Joplin
No matter whether you're looking for better cash flow or if you're just curious about factoring & accounts receivable finance, we're here to help.
Diversified Resources a Local Factoring Company and The Small Business Advocate, has offered factoring services to the Joplin Pittsburg area since 1998. We work for you. What's best for you always comes first.
Additionally we not only have participated in local civic efforts but also give a percent of fee's to the charity of your choice.
"Some dozen Romans of us,
Have mingled sums
to buy a present for the emperor,
Which I, the factor for the rest,
And I am something curious, being strange...."
William Shakespeare, Cymbeline, Act 1, Scene 6
About Factoring: Factoring is the process of exchanging the value of an invoice for immediate cash. (also referred to as a-r finance & accounts receivable finance depending on transaction structure)
Factoring is very similar to credit card processing or merchant services where a merchant gains a cash advance from the credit card company for goods sold.
In either case invoice factoring or card processing a fee is charged for the service.
For more information give me a call.
Whether its improving your cash flow by providing you with faster invoice payments we are here to help.
We truly care about small business in the Joplin area and are willing to prove it.
As you are probably aware, factoring is the process of exchanging the value of an invoice for immediate cash.
Using a factoring company is a great way to improve cash flow and obtain working capital.
Very similar to accepting a credit card (credit card processing, merchant services) where a merchant gains a cash advance from the credit card company for goods sold.
In either case invoice factoring or card processing a small fee is charged for the service.
For more information just give us a call.
Many industries are able to make use of factoring as a tool to improve cash flow. Many business to business transactions can be factored.
If its a staffing firm or employment agency factoring can provide the money to pay staff on Friday and the factoring company can wait on the contracting company to pay for services.
A transportation or trucking company can be paid today on a freight bill sot that fuel and other expenses can be paid as needed. Again the factoring company will wait on the payment for a small fee.
Construction and Healthcare factoring are somewhat different though.
Construction factoring being advanced on progress payments to subcontractors and healthcare being advances on medical receivables from third parties such as insurance companies or Medicaid to doctors, medical facilities, hospitals etc.
About Accepting Credit Cards: Accepting credit cards through your merchant account is called credit card processing or merchant services.
In many cases the contracts and cost structure of merchant accounts is far more complex than factoring.
Whether this is intentional or not these complexities in credit card processing can cause a great deal of confusion and lead to higher processing costs for you the "merchant".
Marketing pieces offering "Low fees" are common. Even to the point of advertizing below cost rates. This can mask a higher monthly cost.
As business owners we are all well aware that we have to meet a certain profit margin to sustain our businesses. Below cost is in our opinion a deception because the your actual monthly credit card processing costs will likely be higher than the card processor that quotes you honestly.
In any event, we are here to consult with you on your behalf.
Some of the area's we serve: Joplin Missouri, Webb City Missouri, Carl Junction Missouri, Carthage Missouri, Monett Missouri, Mount Vernon Missouri, Lamar Missouri, Nevada Missouri, Pittsburg Kansas, Fort Scott Kansas, Chetopa Kansas, Oswego Kansas, Coffeyville Kansas, Independence Kansas and Chanute Kansas
Some of what we work with: Medical Factoring | Healthcare Factoring | Construction Factoring | Invoice Factoring | Staffing Factoring | Industrial Factoring | Import Factoring | Export Factoring | Recourse Factoring | Non Recourse Factoring | A/R Finance | Accounts Receivable Finance | Confidential Factoring | Purchase Order Finance | Purchase Order Funding | Letters of Credit