Factoring Companies

A Breakthrough Factoring Company
Offering Factoring Programs Tailored 
to Make You More Money  

We Can Offer to You What other can't 

Unlike other factoring companies ,our program includes  the following features at no additional charge:

- 24 hour funding on approved invoices 
- Highest advance rates 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.

- We allow you to electronically submit invoices 
- Free credit checking on new customers at no additional cost

-  Personalized Service - you have one dedicated person and his or her assistant who handle your account. You don't have to start over each time you call
with a new person
- We are seasoned professionals with an average of 10 years factoring industry experience per account executive (Well above the factoring industry norm)

Our flexibility allows you to maintain control:

- You select accounts you prefer to   factor on an invoice by invoice basis.
-You control total receivable   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.

Fee Structures:

Fees are determined based on your industry, the credit worthiness of your customers, how quickly your invoices turn, and monthly factoring volume.

Call our factoring specialists at
1 - 866 - 593 - 2195


On - Line Factoring Request Form

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Factoring Companies

CoveyHeadquarters.COM factoring companies

Factoring Companies in New York, New York

What is  factoring ?

Receivable financing, also known as factoring is a method used by businesses to convert sales on credit terms for immediate cash flow. Financing accounts receivable has become the preferred financial tool in obtaining flexible working capital for businesses of all sizes. The receivable credit line is determined by the financial strength of the customer (Buyer), not the client (The seller of the receivables).


Fast and Easy Setup , Set up your
account in 3 to 5   working days



We specialize in evaluating and financing accounts receivable and can make a prompt decision within a day. This financial solution involves very little underwriting. The approval process is simple and we can expedite initial funding in 3 to 5 working days. Our clients can enjoy the benefits of our prompt service and begin to use their funds within days of completing an application


Advance / Reserve.

This type of factoring is by far the most widely practiced. Upon taking title to invoices, the factor company immediately pays to the client a percentage of their total face value. This payment (called the advance  typically falls between 70% and 85%, but may go as low as 50% or less (for example, in the case of construction or third - party medical invoices), or as high as 90%. After successful collection of payment from the account debtors, the receivable financing subsequently remits the balance of the invoice amount (s) (usually called the reserve ) to the client, minus the factor earned fees.

There service provides the factor company with available funds from which to draw its fees, and furnishes a buffer against defaults by clients and / or account debtors.

Some factors do not hold back a reserve balance, but rather advance the entire invoice face value, less maximum factoringfees, at the time of purchase. This practice is not widespread, however, since most factors of this type prefer to retain the protection that reserves offer.

New York, New York Factoring Companies

Advance / reserve factors generally structure their fees as an initial discount rate (typically ranging between 1. 5% and 5% of invoice face value), followed by subsequent increases scheduled over the length of the actual collection period.  

The collection period begins on the day that the factor advances funds to the client (which is not always the same as the invoice date), and is normally divided into windows or time bands of equal duration. Windows most typically occur in 15 - day increments, although 7 -, 10 - or 30 - day increments are not unheard of. The initial discount normally increases by one or two percentage points at each new window.
A typical advance / reserve transaction, therefore, might be structured as follows.

Continue Reading about factoring companies

Accounts Receivable Financing Company in New York, New York helping in their first years of business, as well as companies that are having tremendous growth and need more cash. New York, New York factoring


CoveyHeadquarters.COM is a Factoring Company that Provides a wide range financial services

More Reasons Why
Companies Choose CoveyHeadquarters.COM factoring companies Services

Are We Crazy ?
Use No Other
Factoring Company
Until You Have Seen
Our Sensational Plans, including unique
97% Advance Rates

Call our specialists at
1 - 866 - 593 - 2195

Email Us

On-line Factoring Request Form


Factoring Benefits
Receive money in as few
days as two to four days

Maintain complete control
of your business.

Remove or lessen the business costs
associated with the collection process.

Please click here to continue


Is Factoring For You?
The key to knowing if factoring is for you is to not to look only at the bottom - line factoring fee, but also to consider how your company may increase it's profits through factoring.

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factoring company

CoveyHeadquarters.COM Provides Factoring Company Services to all states:

Factoring Companies in New York, New York

Call our
factoring Specialists at

1 - 866 - 593 - 2195

Email Us
or complete the
On - Line Factoring Form

Unlike other Factoring Companies, CoveyHeadquarters.COM makes receivable financing easy to obtain with minimal paperwork.

We are not like the others
, CoveyHeadquarters.COM's objective here
is not to force
you to conform to us,
but to get you the cash you need
in the quickest and most efficient manner.

Types of Freight And Trucking companies
 that use factoring  companies
 in New York, New York

LTL | Brokerage | Warehousing | Livestock | Household Goods | Heavy Haul | Van | Tanker | Refrigerated | Parcel | | Marine | Flatbed

A contract carrier enters into a bilateral agreement with the shipper or consignee for transportation services.

The contract defines the services to be provided, the commodities transported, the projected tonnage and the rates charged.
Contracts are to contain a specific termination date, not exceeding one year.

The contract can be renewed by amendment. The contract carrier can offer freight rates which are lower than a common carrier s published tariff since the rate will be based on the projected tonnage of freight for the year.
Owner - operators - An owner - operator owns and operates his or her own truck (that is, tractor - trailer or bobtail). The owner - operator should have operating licenses from the ICC and PUC. A prime carrier may hire them as subhaulers. Income earned is a percentage of the freight bill prepared by the prime carrier.
Continue Reading about factoring companies

Subhaulers - A subhauler is an owner - operator of a single tractor or may have a fleet of tractors which are leased to prime carriers. A subhauler with a fleet of vehicles may be liable for employment taxes on the drivers of thosevehicles. Income earned is a percentage of the freight bill prepared by the prime carrier.

Porthaulers - An owner - operator whose primary route is to pick up freight from the harbor and to transport the full, sealed container to the terminal of the prime carrier or break - bulk agent. Porthaulers are usually paid a flat rate for each container hauled.

Freight Broker | Freight Forwarder | Shipper's Agent | The shipper's agent is a bonafide agent of the shipper who performs the shipper's transportation function. The shipper's agent arranges for and routes the transportation of goods from one point to another. Other duties may include the settlement of claims and payment of the carrier s freight invoices. Ultimate paymentof freight bills, however, is the responsibility of the shipper.

Freight forwarders usually specialize in the type of freight transported and the type of transportation carriers used. This provides them with expertise in handling the paperwork involved with certain types of transactions.


factoring is typically used by trucking companies.

    • Trucking -Grain
    • Trucking -Commodity
    • Trucking-Freight Train Load
    • Trucking-Passenger-Tour Bus
    • Trucking -Owner Operations
    • Trucking-Dump
    • Trucking -Contract Hauling
    • Trucking -Containerized Freight
    • Trucking �Oil Field
    • Trucking �Management
    • Trucking �Consultants
    • Trucking �Local With Storage
    • Trucking -Dispatch Service
    • Trucking -Livestock
    • Trucking-Intermodal Drayage
    • Trucking-Air Freight
    • Trucking -Trucking Brokers
    • Trucking -Sand & Gravel
    • Trucking -Refrigerated
    • Trucking -Over Dimensional Load
    • Trucking -Motor Freight
    • Trucking -Local Cartage
    • Trucking -Liquid & Dry Bulk
    • Trucking -Heavy Hauling

Oilfield Services That Use factoring  companies in New York, New York:

  • Roustabouts
  • Environmental Clean Up
  • Wireline Services
  • And More
  • Slickline Services
  • Testing Services
  • Plugging Contractors
  • Acidizing & Cementing
  • Welding Services
  • Pit Clean Up
  • Tank & Pipe Cleaning
  • Flowback Testing
  • Fishing Services
  • Drillers
  • Well Servicing

    Oilfield Trucking Services factoring  companies in New York, New York:

  • Water Haulers
  • Mud Haulers
  • Rig Movers
  • And More
  • Dump Trucks
  • Pipe Haulers
  • Crude Haulers
  • Flatbed Carriers
  • Equipment Haulers
  • Winch Trucks
  • Vacuum Trucks
  • Frac Sand Haulers
  • Haz Mat Hauling
  • Hot Shots
  • Gravel Haulers

  • CoveyHeadquarters.COM Provides Factoring to all industries:

    "Your factoring has always provided service above and beyond any other company I have dealt with. Our account manager gives us 100% and this is only ONE of the reasons we have chosen to stay with them. "

    - L.P.,  President- security services company


    New York, New York Factoring Companies

    factoring vs. Bank Loans


    So,why not simply go over to the friendly banker for a loan to alleviate cash flow problems ? A loan can be difficult if not impossible to receive, especially for a young, high - growth operation, because bankers are not expected to decrease lending restrictions soon. The relationships between businesses and their bankers are not as strong or as dependable as they used to be.  More Info.

    The impact of a loan is much different than that of the factoring process on a business. A loan places a debt on your business balance sheet, which costs you interest. By contrast, factoring puts money in the bank without the creation of any obligation. Frequently, the factoring discount will be less than the current loan interest rate.

    Loans are largely dependent on the borrower financial soundness, whereas factoring is more interested in the soundness of the client customers and not the client business itself. This is a real plus for new businesses without established track records.


    There are many situations where factoring can help a business meet its cash flow needs. It provides a continuing source of operating capital without incurring debt, which can result in growth opportunities that dramatically increase the bottom line. Virtually any business can benefit from factoring as part of its overall operating philosophy.
    Read Here For More Information


    Every good businessperson must understand the concept and benefits of factoring in order to operate as profitably as possible. The following chart can help you understand the differences between factoring and other sources of funding

    companies  that use factoring  companies


    factoring is typically used by consumer product companies. That is, companies that sell products that ultimately end up in retail stores. Industries in which factoring is commonly used include:


    - Toys

    - Sporting goods

    - Pet supplies

    - Personal electronics

    - Housewares

    - Home furnishings

    - Hardware items

    - Handbags, luggage,leather goods


    - Footwear

    - Eyewear and accessories

    - Consumer electronic and accessories

    - Carpet and rug

    - Apparel

    factoring is typically used by staffing companies.

    Professional Staffing  Accounts Receivable Financing Company
    For These

    Twin Plant Management and Engineers

    Call Center Phone Attendants and More

    Doctor's Office Assistants - Medical Secretaries

    Clerical - General Office - Data Entry

    Admin Assistants - Executive - Legal Secretaries

    Full Charge Bookkeepers - Accounting Clerks

    Manufacturing Staffing
    Accounts Receivable Financing Company
    For These

    Office Managers - Administrators

    Electronics Assembly - Packers

    Fork Lift Operators - Loaders /Unloaders

    Light Industrial - Machine Operators

    Skilled - Unskilled Labor

    Warehouse distribution

    Plastic Injection Molding

    Office Services Staffing
    Accounts Receivable Financing Company
    For These

    Assembly - Warehouse - Quality Control - Quality Assurance

    Mid Management - Administrative - Technical

    Data Processing - I.T. - Web Design

    Healthcare - PTs - RNs - CNAs - OTs - MDs

    Accounting - Controllers - CPA's

    Sales - Marketing - Sales Managers

    Location Sitemap

    Why Factoring is Necessary
    A sale is not a sale until you collect the money
    Are you a part - time banker for your customers ?
    Take a look at your accounts receivable aging....

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