Goodman Factors Factoring Calculator

Factoring Calculator To find out if factoring makes sense for your business, please respond to each question; enter 0 if there is no value. Need assistance? Contact us to have one of our factoring experts walk you through the calculator.
1.	What is your average monthly sales volume?	$
	This suggests your annual sales volume equals	$
2.	What is your current outstanding balance of accounts receivable?	$
3.	What is the dollar amount of your annual cost of goods sold? (How much does it cost to make or provide your product or service?)	$
	Your Answer to Question #3 suggests an annual Gross Profit Margin of:		%
4.	What is your Company's annual profit margin?		%
5.	Do your vendors offer trade discounts if you pay early?
6.	If yes, how much do they offer in discounts?		%
7.	How are you financing your business today? Bank Credit Cards Family and Friends Other Loan Sources
8.	What is the average annual cost of this financing? (percentage rate)		%
9.	How much more business could your company do if you had money today to buy materials?		%
	This would translate into an incremental dollar amount in sales of:	$
10.	How long does it take you to make or provide your product or service?		days

Factoring frequently pays for itself. Consider these savings:
	Cash for advantageous purchases
	Supplier discounts earned
	Credit department expenses eliminated
	Bookkeeping expenses reduced
	Bad debt expenses reduced or even eliminated