Working Capital Solutions for Government and Corporate Vendors

San Francisco Bay Area (hayward), California (PressExposure) December 18, 2006 -- Factoring or Accounts Receivable Financing is the selling of a companies invoices for immediate cash rather then waiting 30, 60 or 90 days for payment.

Under the Assignment of Claims Act, by receiving payments from the federal government, Government vendors qualify for specialized programs that provides the vendor with immediate working capital. The US Government is now actively working with Financing companies to help small disadvantage companies acquire flexible financing.

The financing process involves assigning the Government invoice to the Financing company for a fee. Fees vary according to the amount of the invoice and the time it takes for the Government to pay the invoice and are between 1.5 and 3.5% of the Invoice amount.

Because all Factoring fees are tax deductable companies can benefit from the deduction if they need to factor for long periods of time.

Industries that use Factoring are Temporary Employment Agencies, Distributors, Manufacturers, Government Contractors, Freight Companies (BOL), and Importers (Purchase Order Funding) This same type of Financing is also being used for Corporate Invoices.

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Taxes Will

651 West A. St.

Hayward, Ca. 94541
415 738-7961

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Press Release Submitted On: December 17, 2006 at 12:40 pm
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