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Financial Tip – Top 5 Reasons Invoice Factoring Is The Best Solution

January 30, 2013 By Leave a Comment

PMF Bancorp provides our clients with quality financing solutions in an environment where is inexpensive, but still very hard to get.

Here are the top 5 reasons Invoice Factoring is the best solution for your working capital needs…

  1. Cash Flow – Receivable financing and invoice factoring are both viable options for making sure that your balance sheets are on target. Cash flow is essential for making sure that your business is able to remain continue its sales momentum with confidence.
  2. Surviving Hard Times – When a billing cycle is delayed, it should not affect your overall business. Invoice factoring and accounts receivables financing provide cash for expenses that might otherwise disrupt a business. A great secondary source of commercial finance, invoice factoring allows businesses to stay afloat during poor challenging economic times.
  3. Liquidity – Invoice factoring produces immediate liquidity as opposed to traditional bank lending. There is no bank application for credit and no hoops to jump through in order to prove your business is credit worthy. Your expenses can be covered on short notice with quick payments.
  4. Uninterrupted Service For Your Clients And Customers – One reason why this is a great option for businesses is that you get the monetary benefit of selling your invoices – immediate working capital – but your billing process does not have to be interrupted.
  5. Industry Specialization – PMF Bancorp finances businesses across the board, but we focus on target sectors. We reduce the risk in the debt collection process by understanding your business. When it comes to trade finance and international finance of credit partners, our specialists have the experience you need and expect.

For more detailed information on Invoice Factoring solutions, feel free to contact 1st PMF Bancorp (Tel: +1-310-858-6696) or use our handy contact form.

Filed Under: Accounts Receivable Financing, Financial Tips, Financing News, Invoice Factoring Tagged With: , , ,

Financial Tip – The Secret of Financing Entrepreneurs’ Business Ventures with Invoice Factoring…

October 8, 2012 By Leave a Comment
Entrepreneur Financing Business Venture with Invoice Factoring

Are you an entrepreneur considering Financing Business Venture with Invoice Factoring? Call PMF Bancorp today 310-858-6696!

PMF Bancorp understands from our years of experience and expertise that the challenge facing most entrepreneurs these days is how to finance small business growth. PMF Bancorp has the secret for solving the common business cash flow problems… however, the environment of traditional bank loans are making it harder and harder to obtain a loan in this economy. Most banks will not approve small business loans until an entrepreneur can prove by jumping through countless bureaucratic hoops that his small business has been profitable for years and is still thriving … and, of course, there should not be a hint of any bad news. The Secret of solving your working capital issue is really simple for PMF Bancorp as PMF has been solving small business working capital problems for over 30 years.

Every business, big or small, at some point encounters cash flow bottleneck when it comes to growth. Hard cash already is demanded for the payroll and maintaining the inventory. Without the cash on hand to take the next step forward, a new small business venture easily can fail. This is where PMF Bancorp comes in to the picture. By providing small business entrepreneurs with its years of experience and customized financing options available beyond the traditional banks and other commercial lenders, a factoring/commercial bank lender expert can open the doors to freedom and flexibility for your business.

After all, the truth is entrepreneurs don’t even like the idea of wasting their time by visiting a bank for their financial requirements. PMF comes to you and visits your business as we know how the small business owner’s time is. The fastest and easiest way for an owner of a small business to overcome cash flow problems instantly is through the business’s invoices. Potential funds are hidden in these invoices but are useless until the customer pays them in full.

PMF Bancorp makes short term loans on receivables, inventory, pos, trade production based on the sales and future of the business. Banks look at the history of a business and PMF’s secret is to look at the future of your business.

PMF will look at:

  • Future orders
  • Current sales
  • Technology and intangible assets/process
  • Product type and management experience

The secrets are magical, they are simply common sense…the item most lacking in making loans these days.

PMF’s process is an advantage to the entrepreneur because he/she can earn more by accelerating cash and increasing sales with these extra funds. As a one-stop financial services shop, PMF Bancorp offers the options and the flexibility you need to move forward.

If you want to know more about the financial services of PMF Bancorp that range from accounts receivables financing and invoice factoring to trade financing and international services in China such as credit checks, inspections, etc… please contact us for a free consultation. As an entrepreneur, PMF Bancorp understands that you want to work with a company with the key combination of experience and expertise. By focusing on keeping the cash flowing, we help to ensure your ongoing success.

 

 

Filed Under: Financial Tips, Financing News, Invoice Factoring Tagged With: , , , ,

How Entrepreneurs Use Accounts Receivables Financing in Tough Economic Times…

July 18, 2011 By Leave a Comment
AR Financing and Entrepreneurial Success

Accounts Receivables Financing and Entrepreneurial Success

Many entrepreneurs are finding it more advantages to use Accounts Receivables Financing than the traditional funding sources that have become so difficult to work with.  When your company needs to raise funds, you need to determine where to find the capital. In a challenging economy, many of the older financing options are less accessible: banks are tight and demanding, friends and family are trying to cover their own mortgages and rent, and angel investors are few and far between. This means you have to be more innovative in how you find capital to grow and/or keep your business operational. Moreover, you’ll need a resource that can provide the cash needed to fulfill new orders, pay staff and suppliers, and cover payroll tax obligations to the federal government in a timely manner.  You don’t have months to wait for approval from a bank, nor can you afford the high cost of money from a venture capitalist, or even giving up your hard earned equity to one. The longer you can avoid raising capital from these traditional sources, the bigger the piece of the pie you get to keep for yourself. One of the best ways to do this is to hook into the engine of the new American dream by using PMF Bancorp for Accounts Receivable Financing and Invoice Factoring (www.PMFbancorp.com).

Entrepreneurs Are The Engine Of Economic Success

Entrepreneurs Are The Engine Of Economic Success

Entrepreneurs Are The Engine Of Economic Success

Good cash flow is the number one determinant of success in business, and by factoring your invoices; you can access a proactive strategy that will keep your cash flow strong.  By demonstrating a consistent cash flow through accounts receivable financing, your business comes across as healthy to potential future investors. After all, factoring invoices is not like a loan. Rather, it is the utilization of your own financial assets to raise more working capital. Banks are lenders who base their financing decisions on you and your company’s credit worthiness. In contrast, invoice factoring is based on the credit worthiness of your clients and the quality of your account receivables.

To start a factoring line is as Easy as 1,2,3…

1)   Submit a 1 page application;

2)   Receive a proposal within 48 hours;

3)   Submit your clients/accounts to be factored;

Then PMF Bancorp quickly moves to approve your accounts, and you can be funded in 24hrs after account(s) are approved. Suddenly, your company can go from cash-strapped on Monday to cash-ready by the middle of the week. As an entrepreneur, you know how essential that switch in perspective can be to the ongoing success of your venture.

If you have questions about how PMF Bancorp can help turn this envisioned goal into a working reality, please contact our financing experts today (www.PMFbancorp.com).

Filed Under: Accounts Receivable Financing, Financing News, Invoice Factoring Tagged With: , , , , , ,

Should You Force Clients To Pay Right On Time Or Use Invoice Financing As A Viable Alternative?

July 12, 2011 By Leave a Comment

In the current tough economic climate, many small businesses have come under the gun and found that they could not pay their bills on time. Some of these companies choose to slow down payments to suppliers, increasing the time frame for outstanding bills by an additional 15, 30 or more days. Although this decision threatened to negatively affect their credit ratings, the companies thought they had no other choice in order to survive. After all, since their clients were slowing down when it came to covering due bills, what choice did they have? Should they try to force their clients to pay outstanding bills faster? PMF Bancorp knows there is a better solution

Factoring Option For Small Business Cash Flow

Factoring Option For Small Business Cash Flow

This better solution for such a financial problem is invoice factoring and accounts receivable financing. By not burying your company in debts, invoice factoring with PMF Bancorp can provide the support your business needs in this time of economic downturn. It is not just small businesses or corporate America that fails to pay their bills on time. In the Federation of Small Businesses’ Voice of Small Business Survey, published in 2010, it was determined that a number of central Government and Government agencies made one in three of their external payments late.

A debt-free financing strategy is now available with accounts receivable financing. You can raise funds in order to keep your business operational by factoring your invoices. As a result, you can increase cash flow without having to go to the extreme of pressuring customers via a collection staff. Plus it is so much easier than obtaining a bank loan for a small business. Most banks today like to concentrate on large corporate customers. In contrast, PMF Bancorp specializes in helping small and mid-sized businesses with their working capital needs.

The alternative financing method of invoice factoring means your suppliers will not be paid late. You can maintain these good relationships in tough times while still being able to accommodate new customer growth by extending credit. Loosing a supplier in tough times is not easily replaced. Conventional methods of credit with a traditional bank line have a lot of requirements like personal guarantees, assets, credit checks and the like. In most cases, small businesses might have to wait 30, 60, or sometimes even 90 terms for normal invoice(s) before payment is received.

End Cash Flow Problems With Invoice Financing

End Cash Flow Problems With Invoice Financing

In contrast, Accounts Receivable Financing helps turn accounts receivable into something like a functioning credit line. Even first time applicants can often get cash in 24 hours from PMF Bancorp, and there are usually limited obligations – with no fees up front, no co-signers needed or accounts to open like at a bank. Small businesses that have found it hard to handle conventional funding requirements benefit from PMF Bancorp’s factoring solutions.

If you want to quickest way to improve cash flow using one invoice at a time, then this is it. How many businesses nowadays are left hanging because they remain unpaid after delivering their products and services? The answer as you well know is a multitude. PMF Bancorp will purchase selected invoices at a discount by first looking at the creditworthiness of the client’s customers. The professional rates of PMF Bancorp are extremely competitive and provide a variety of excellent business services. If your business is in a tight financial bind on account of outstanding invoices and a lack of current cash flow, please contact PMF Bancorp. We can help you today.

Filed Under: Accounts Receivable Financing, Asset Based Lending, Financing News, Financing News U.S., Invoice Factoring Tagged With: , , , ,

Factoring and the Modern American Dream: An Introduction to an Ongoing Series of Success Stories

May 23, 2011 By Leave a Comment
Financing the Modern American Dream

Financing the Modern American Dream

In modern America where credit is tight and bank loans are harder and harder to obtain, factoring and accounts receivable financing has become one of the key engines of the American dream. What is the American dream? According to Wikipedia, the American Dream is the promise of the possibility of prosperity and the freedom for everyone to achieve success in the United States. James Truslow Adams defined the American dream in 1931 when he wrote that: “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”

Since the end of World War II, the American economy expanded and showed few signs of letting up. The growth in the standard of living in the United States has been fueled by the desire of many to attain the American dream. In the early part of this century, this dream began to crumble as the economy slowed, housing prices tumbled and unemployment invaded all areas of the country. With the bank crisis and the failure of major Wall Street brokerage houses, it became more and more difficult for businesses to borrow money in order to grow and get the economy back on track.

Luckily, factoring companies like PMF Bancorp have stepped up over the last several decades to save the day and help American businesses find alternative means of financing and funding. By providing invoice factoring, asset based financing, and import-export trade financing. PMF also offers extensive credit services to help its clients make the right credit decisions to set credit limits and monitor companies with marginal credit. PMF’s credit services also provide insurance against customers defaulting on their invoice payments. This protective service is referred to as credit insurance.

Financing Business Success

Opening Doors And Financing Business Success

PMF Bancorp’s credit insurance program can be used to insure repayment on American companies as well as mitigating cross boarder sales with foreign companies. The sales generated by U.S. corporations are derived in majority now by sales to foreign companies.  By offering such a variety of workable credit and financial solutions, PMF Bancorp is an essential part of the ongoing revival of the American dream, especially for the smaller companies that do not have sophisticated credit departments to sell abroad.

If an American business owner wants to grow a successful business, shouldn’t they be given the opportunity to achieve a new level of prosperity? Credit scores and ratings have come to dominate the American business market to the point that viable and worthy businesses are unable to find financing because of a past mistake or a bad year during the recent crisis. It does not seem right that an economic downturn should result in handcuffs being placed on the ongoing innovation and realization of the American dream.

Founding Fathers of Financial Freedom

The Founding Fathers Fostered Financial Freedom

By offering ways of financing that focus on what is happening with a company in the present (actual inventory and invoices and accounts), PMF Bancorp breathes essential life into the heart of the American dream. If your company needs help through access to alternative forms of financing, contact PMF Bancorp. We know that we can help take your business to the next plateau of achievable profit and productivity.

In this ongoing series on the revitalization of the American dream, every month we will tell a true story of an American company that PMF Bancorp has helped to finance. Since PMF Bancorp always respects the privacy of our clients, all of these stories will be told anonymously. By becoming a one-stop shop for a variety of beneficial financial and management services, PMF Bancorp helps our clients to realize their true potential. By relaying these success stories that reflect the best of the American dream, PMF Bancorp is able to express the pride in what we do both in terms of intrinsic value and real financial sense.

Filed Under: Accounts Receivable Financing, Credit Insurance, Modern American Dream, Trade Finance Tagged With: , , , , ,

Accounts Receivable Financing and Filling in the Cash Gap: PMF Bancorp Delivers the Answers Needed By U.S. Staffing Agencies

March 22, 2011 By Leave a Comment

With the shifting economic climate in the United States, PMF Bancorp has noticed that Staffing Agencies have found their services to be more and more in demand. Companies have found that hiring temporary employees can help them avoid numerous pitfalls in terms of payroll taxes and human resources administration. Nevertheless, although such demand appears to be a win-win situation for these agencies, it has raised a number of serious financial issues. With a great service that has helped to grow our staffing firm clients from zero to over $40 million in sales ove the last decade, PMF Bancorp delivers the goods that you are looking for in terms of both service and reliability. PMF Bancorp provides the solution that a Staffing Agency needs by solving cash flow problems through Accounts Receivable Financing while providing the best in ongoing service.

Increasing Expense of Human Resources Administration

The hidden cost to a majority of businesses is the non-productive administration of human resources. As a percentage of the average gross payroll, the U.S. Department of Labor and the Small Business Administration have estimated that employee administration expenses are upwards of 11% for small to mid-sized companies of 25 employees or less. For larger companies, the estimated cost is upwards of 7%. These figures take into account the cost and time involved in basic administration, payroll processing, workers? compensation and unemployment administration while keeping in compliance with the current plethora of employment regulations.

For Staffing Agencies, this cost becomes an overwhelming hurdle to overcome as they outsource more and more temporary and even permanent employees. With an average human resources cost of $832 per employee that comes out to $320 each business day per 100 employees, how is a Staffing Agency supposed to cover the costs when their Accounts Receivable tend to be paid at the end of each month at best. With temps, payroll has to be processed on a weekly basis, and the cash flow gap between money coming in and money going out can quickly become overwhelming.

Accounts Receivable Financing for Staffing Agencies

PMF Bancorp understands the tough problems facing the staffing industry and can provide the financial support and the excellent services needed to help manage growth, take advantage of opportunities, and help fund payroll. PMF Bancorp usually can perform all of the critical compliance requirements for about half of what the U.S. Small Business Administration requires due to economy of scale. In such situations, human resources help and factoring accounts receivable becomes the best possible solution.

The following testimonial from a Staffing Agency President is anonymous because PMF Bancorp always protects the privacy and confidentiality of our clients. The President of the Staffing Agency described how working with PMF Bancorp truly helped his company improve their bottom line and improve productivity. He expressed this perspective when he said: “We needed to get an expanded workforce mobilized immediately. PMF provided us with financing that helped us grow and expand our business when we could not have. PMF came through with the funds when we needed them.”

The past 20 years have witnessed an unprecedented rise in employment litigation, labor regulations, and tax laws. Effectively managing human resources has become a daunting and expensive task for small to mid-market business owners like Staffing Agencies. The complicated system of employment laws has become a laundry list of unfriendly policies, including laws governing payroll processing, unemployment administration, and workers? compensation. PMF Bancorp can provide both the necessary funds and the experienced expertise needed for a Staffing Agency to turn the positive shift in the economy into a truly win-win scenario across the board.

Filed Under: Accounts Receivable Financing, Financing News Tagged With: , , ,