StemenCapital.com

MONEY SOURCES

Angel Investors

Commercial Banks

Community Loans

Credit Cards

Credit Unions/Cooperatives

Factoring Companies

Federal Loans/Grants

Finance Companies

Internet Capital Sources

Leasing Companies

Private Lenders/Investors

Trade Credit

Venture Capital

State Loans/Grants

Government & Community Assistance to Obtain Money

Name

Telephone

Primary Web Site

Capital-Plus, Inc.

614-848-7620

www.capplus.com

Factoring Quotes

1-877-876-2803

www.factoringquotes.com

Financial Services Unlimited

937-382-2992

www.financialservicesunlimitedinc.net

Midwest Factoring Group

1-888-293-1011
 

www.midwestfactoringgroup.com

MP Star Financial, Inc

1-800-833-3765

www.mpstarfinancial.com

Ohio Factors

1-888-234-6663

www.ohiofactors.com

PRN Funding

1-866-886-9466

www.prnfunding.com

The Receivables Exchange

1-877-449-0942

www.receivablesxchange.com

Financial Resources For Northwest & West Central Ohio Entrepreneurs

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Factoring Companies

Factoring is a financial transaction whereby a business sells its accounts receivable to a third party (called a factor) at a discount in exchange for immediate money. Factoring differs from a typical commercial loan in several ways. The emphasis is on the value of the receivables, not the firm’s credit worthiness. Factoring is not a loan – it is the purchase of a financial asset. The factor obtains the right to receive the payments made by the debtor for the invoice amount and must bear the loss if the debtor does not pay the invoice amount. Usually, the account debtor is notified of the sale of the receivable, and the factor bills the debtor and makes all collections.

There are many companies in the U.S. that provide factoring on a nationwide basis. Sometimes it is beneficial to work with factoring companies that are geographically close so it is convenient to personally meet get help and discuss issues and opportunities. Listed below are factoring companies that provide services in the Ohio region.

Useful Information

Interest Rate Links

Business Management Links

Glossary of Important Financial Terms You Should Understand

How To Prepare A Business Plan to Obtain Money

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