Factoring

Factoring is the sale of your accounts receivable (invoices) at a discount. We pay you for the accounts immediately after you invoice and then we mail your invoice and collect the accounts.

You may sell all or selected accounts; some firms sell only a portion of their receivables. We retain the right to decline the purchase of certain accounts. Accounts may be sold as frequently as every day or as infrequently as twice a month.

Credit Resources.
We have access to a full range of credit resources, including our own credit experience with tens of thousands of businesses nationwide. Goodman Factors will check credit on your customers, usually within 24 hours or less, and will even assume full credit risk on your invoices, subject to credit approval, thereby protecting your company from losses incurred due to your customer's bankruptcy, insolvency, or inability to pay due to financial reasons.

Every day or week you can sell us your current invoices and receive immediate cash for these invoices. Manufacturers, wholesalers and service companies can sell their commercial, industrial or government invoices and receive a check or bank transfer for approximately 70% to 85% of the invoices the same day.

If your monthly volume is between $10,000 and $2,000,000 and you need additional funds in your business, contact us today with regard to our factoring service.

When factoring with Goodman Factors, you receive:
-	Payment of 70-85% of your invoices the day you generate them.
-	Payment of residual balance after customer pays us for the invoice.
-	Elimination of posting your invoices to a customer ledger or file.
-	Credit service to assist you in granting customers credit.
-	Collections department to send out past due statements and telephone your larger past due customers.