OCF Factoring
Financial Services
 - Providing factoring financial services nationwide
 - Over 70 years of factoring company experience
 - Up to 97% Advance Rates

What Sets Us Apart 
Our  factoring financial services program includes
the following features  
• Same Day funding on approved invoices
• We do not require a long term contract.
• 97% advance rates; tops in the industry
• Credit analysis on new and existing customers
• Continuous collection management and
   follow up on factored invoices
• Invoice and statement mailing (postage included)
• Account status inquiries anytime;
  24/7 online account access.

Our flexibility allows you to maintain control:
• You select accounts you prefer to factor
   on an invoice by invoice basis.
• You control total factoring costs by only
,  factoring on an "as needed" basis.

Up to 97% Advance Rates:
Advance rates are based on overall risk
associated with a particular industry as
well as experience and track record.
We hold reserve accounts to accommodate
industries which typically experience dilution
and that we would otherwise not be able
to service. Advance rates range from
80% to 97% of the gross invoice amount.

Factoring Financial Services Fee Structures:
Fees are determined based on your industry,
the credit worthiness of your customers,
how quickly your invoices turn, and
monthly invoice factoring volume.

OCF provides individualized customer service,
by tailoring our flexible invoice factoring
programs to fit the individual
needs of each of our clients. We strive to
be responsive, handling receivables
with speed, efficiency, and a personal touch.

As a client you are assigned one account
administrator who will personally handle
all of your account activity and inquiries.
This gives us the ability to buy your r
eceivables and get the money to
you within 12 to 24 hours.

Having one person look after your  factoring service
account also makes it easy for you to decide
which invoices you are going to sell and
when you want to sell those invoices.

Our funding is primarily done by
direct deposit or wire.

OCF has more than 70 years of successful
cash flow and credit management experience,
experience we would love to put to work for you.

To talk with a member of our sales team,
please contact one of our regional offices at:

Toll Free:  888-266-0197

We offer multiple factoring services to fully meet the cash flow needs of your company, including invoice financing, credit services and accounts receivables management. Whether it's a brief business relationship or a long-term partnership, We can give you the cash flow you need when you need it most. Learn more about which factoring service is right for your business.
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A company must notify all its customers of the new arrangement, and hand over the task of collecting debts to the factoring company. Often at the start of a new factoring relationship, the factor will take on existing debtors, which can involve a very substantial payment being made right at the start.

Setting up a factoring deal can be done far more quickly than most other forms of finance.The staff at factoring companies are often more commercial than at some other lending institutions, and will work hard to help find a solution for potential client companies such as:

Building Products Distributor company
Manufacturing company
Maintenance Service
Service Providers Credit
Metalized coating company
Auto Parts company
Powder Coating company
Cable Contractors Credit
Utility Construction company
Machine Shop company
Oil and Gas Industry company
Trucking company company
Freight Forwarding company
Healthcare Staffing company
Government Receivable Contracts company
Nursing Agency company credit
Medical Staffing company
oil refinery inspection services Auto Glass Installers
Distributors Credit company
Freight & Trucking Accounts Receivables
Manufacturers company
Medical Practitioner company
Security Guards Accounts company
Temp Staffing Agencies Credit company

Large firms and organizations such as governments usually have specialized processes to deal with one aspect of factoring, redirection of payment to the factor following receipt of notification from the third party (i.e., the factor) to whom they will make the payment. Many but not all in such organizations are knowledgeable about the use of factoring by small firms and clearly distinguish between its use by small rapidly growing firms and turnarounds.

Distinguishing between assignment of the responsibility to perform the work and the assignment of funds to the factor is central to the customer/debtor’s processes. Firms have purchased from a supplier for a reason and thus insist on that firm fulfilling the work commitment. Once the work has been performed however, it is a matter of indifference who is paid.

With "accounts receivable financing" a factoring company (factor) will buy your receivables for up-front cash – at a discount, of course. Factoring can provide ready funds to small companies in cash-flow-challenged industries. It's often an expensive form of financing, but for many small businesses, factoring can be a welcome bridge to survival.

Companies that typically benefit from factoring include:

1. Seasonal businesses.
2. Start-ups.
3. Undercapitalized businesses.
4. Businesses experiencing rapid growth.
5. Businesses that can't secure traditional bank loans.

While truck factoring is an attractive alternative to raising equity for small innovative fast-growing firms, the same financial technique can be used to turn around a fundamentally good business whose management has encountered a perfect storm or made significant business mistakes which have made it impossible for the firm to work within the constraints of a bank line’s credit terms and conditions(i.e, covenants). The value of using factoring for this purpose is that it provides management time to implement the changes required to turn the business around. The firm is paying to have the option of a future the owners control. The association of factoring with troubled situations accounts for the half truth of it being labeled 'last resort' financing. However, use of the technique when there is only a modest spread between the revenue from a sale and its cost is not advisable for turnarounds. Nor are turnarounds usually able to recreate wealth for the owners in this situation.

484110 General Freight Trucking, Local

This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.

Cross-References. Establishments primarily engaged in--

• Operating independent trucking terminals--are classified in Industry 488490, Other Support Activities for Road Transportation; and
• Providing general freight long-distance trucking including all North American international travel--are classified in Industry 48412, General Freight Trucking, Long-Distance.

More Truck Factoring Company Information
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Factoring Company Information

Anticipated Duration of the Factoring Relationship. Factors most commonly prefer to establish relationships lasting a year or longer, during which time they generally expect to purchase the client's invoices on a regular basis. Accordingly, factoring contracts often set specific term lengths. While numerous factors do forgo such formal requirements, they nevertheless tend to prefer clients whose demonstrated factoring needs are likely to persist for longer than a few months. Some factors will consider entering into shorter-term relationships, or even one- time transactions offering no prospect for repeat business (a practice known as spot factoring).
Such transactions, however, can be difficult to consummate for two reasons: 1) unless the proposed purchase is relatively large, the return on a single transaction is unlikely to justify the factor's administrative, legal and due diligence expenses; and 2) if the proposed purchase is large enough to provide an attractive return, the factor's risk exposure will be significant.
The short-term nature of the relationship provides little margin for error, and may jeopardize the factor's ability to recover its funds in the event of a collection problem. To understand this point, consider the factor's position in a spot transaction with a face value of $1 million. If the factor advances 80% at a 4% discount rate, then the factor is risking $800,000 to earn a $40,000 profit. Compared with other types of commercial financing, this may seem a healthy return.

However, the risks associated with a one-time purchase are substantial since there is always a reasonable possibility of default by either the client or the account debtor(s) on any single transaction. A factoring executive faced with such a purchasing decision understands that in the event of a mistake, he or she will have to write $20 million in new business to make up