3 Easy Steps to Get Paid Quickly!
Step 1
Deliver your product or service to your customer
Step 2
Bill your customer and send a copy of the invoice to MFS
Step 3
Get paid by MFS within 2 – 24 hours
What Makes Factoring With MFS So Different?
SMARTER
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Customized factoring program tailored to your needs (no cookie cutter approach) |
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You are 100% in control of your factoring costs at all times |
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You don't have to factor all of your customers and invoices |
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You can even factor individual invoices fully or partially (e.g. factor $5,000 of a $10,000 invoice) |
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All factoring reports can be customized to your needs |
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All funds are processed and disbursed to you up to three times per week via low cost wire transfers/ 1-day ACH |
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You can retain all your customer contacts and work practices with them |
SAFER
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No term-contract & no penalties for contract termination |
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No minimum factoring volume required |
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Full transparency and absolutely no “small print” or “red tape” |
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No “run-around” – you only communicate with the MFS President or CEO |
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No surprises, hidden fees, extra charges, etc. ever (one single discount fee only) |
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Unique MFS Rate Guarantee: Your discount rate will never go up |
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We provide you with credit checks and recommendations for your current and future customers |
SUPERIOR
Better programs, better service, better attitude – but don’t just take our word for it.
Listen to those who know best:
“You are two of the best people I’ve ever done business with and I cannot speak to your attributes, benefits, and outstanding business practices enough. I will use your services until one of us retires.”
Bruce K., President – Private Investigation Company
“Ralf, as I am definitely aware of your reputation in the industry, I consider it an honor to work with you.You have consistently proven that the customer comes first.”
Robert N. – CPA
“The fact that there is no red tape makes MFS better than their competitors. I can’t believe that this type of service was available to a small business like me. ”
Chris E., President – Clothing Design Company
“You are simply phenomenal! Your programs are great, your professionalism and service are outstanding, and working with you is very pleasant.”
Robert V., President – Software Development Company
“MFS is a highly reputable company – by design – not by default. Flor and Ralf understand the critical nature of their work and carry it out with professionalism, honor, and integrity.The only way I can think of for MFS to improve the quality of their services is to clone themselves!”
Mary S., Vice President – SBA Micro-Loan Provider
“One of the reasons I’m working with MFS is simple: They are more creative in their solutions and their people are bright, caring, and willing to go the extra mile or two. One of the most important things about MFS is that they listen and will find a way, if there is a way.”
Bruce B., S.C.O.R.E. Counselor
Why Do Small Business Owners Prefer MFS?
SUCCESS & RESULTS
Your goals and objectives drive our approaches and solutions, regardless of whether you are a start-up business or have been in it for many years. Regardless of whether you need more working capital to grow your business or simply to cover ongoing expenses. And even if you don’t like our proposed solution, we’ll be happy to help you find one elsewhere. At no cost to you. Guaranteed!
ULTIMATE COST CONTROL
We put cost control where it belongs: With you! One small factoring fee for each transaction is all. No hidden fees, “extra charges”, or other nasty surprises ever. And what’s more, you benefit from our unique MFS Rate Guarantee™: Your rate will never go up. We even show you how to reduce or even offset it completely! Contrary to traditional loans, you never have to re-apply for more funds. You decide when you need extra working capital, and – similar to a traditional credit line – you only incur costs when you use it.
100% CLIENT-CENTRIC
Your needs and requirements are our priority! All of our services, processes, and approaches have been designed with you in mind. Although we may not be the first factoring company you have looked at, we might just be the first one where you feel right at home. Perhaps this is why many of our clients stay with us for more than 5, 8, or even 10 years (industry average is 1.5 – 2 years).
NO RED TAPE OR RUN-AROUND
You will find it extremely easy to work with MFS and our one-touch approach. You never have to deal with any sales or account managers who “will look into it and get back to you” or “have the person in charge call you later”. Instead, you always have fast, easy, and direct access to our President or CEO. This ensures that you are properly taken care of immediately. Quick answers and decisions are just a phone call or mouse-click away! And if that’s not easy enough for you, just let us know how we can accommodate you better!
UNMATCHED SERVICE EXCELLENCE
Not by default, but by design. Our goals are customer delight and unmatched service excellence. Why should you settle for anything less? Yes, you may have heard promises of great service before, but please, challenge us on this! You will notice the difference, from our initial conversations and account set-up through to funding and reporting – and anytime you have a question or a particular request. Still a skeptic? That’s OK. Just look at “Customer Reviews” or talk with our clients directly!
EXCEPTIONAL FLEXIBILITY
Experience real flexibility: You won’t be tied to restrictive and costly term-contracts (think cost-prohibitive penalties for premature termination when you no longer need factoring or are not happy with the service). We believe it is better to earn your business every day, so we have no term-contracts at all. You can also factor your invoices daily, weekly, monthly, or seasonally, for as long as you like, and without any drawbacks when you decide to stop factoring. You choose which customers and invoices you want to factor, when you want to factor them, and even how much of each invoice you want to factor.
CUSTOMIZED SOLUTIONS
We don’t believe in cookie cutter approaches, and neither should you. One size never fits all, neither for your customers, nor for you. We know this and that is why the financing solution we’ll propose to you will fit you like a tailored suit! Just ask us how we can customize our programs to address your specific needs and situation.
EXTREMELY USER-FRIENDLY AND FAST
When was the last time you came across a simple, quick, and user-friendly application and approval process when applying for financing? We invite you to experience the real difference between the typical “not now” and our “here’s how”. And since time is money, you can be set-up for your first factoring transaction in less than a week. But wait, there’s more! Once your account is set-up, you’ll be looking at an unbeatable turn-around time of typically 2 – 24 hours to receive your money.
SUPERIOR WHITE-GLOVE SERVICE
We unders
tand the value your customers bring to your business. They are your assets, and we treat them as such. When you are factoring your invoices with MFS, your customer relations will benefit from our “white-glove service”. We will be as hands-on or hands-off as you see fit. 100% professionalism and no “abrasive collection efforts” ever. In fact, we are perfectly happy to remain “behind the scene” so you can retain all your customer relationships and service them “as usual”.
THE “REAL PEOPLE” EXPERIENCE
Discover the gold standard of personal and personable service! Imagine, if people treated you like a real person and not just like another account number! Envision the right person answering the phone immediately without you having to leave messages and hope for a timely call back! What if this person also listened instead of talked and presented real, actionable solutions instead of “policy” that just explains why they cannot help you right now? That’s how it should be and why our “policy” is to provide this “real people experience” at all times. You talk – we listen. And together with you, we find solutions that work for you, because after all, you are a “real person” – not just another account number.
What Can You Expect When Factoring With MFS?
1. IMMEDIATE ACCESS TO WORKING CAPITAL
When factoring your invoices with MFS, you have immediate and dependable access to working capital, which automatically grows with your business! The more you sell, the more cash becomes available to you. Automatically. The amount of cash you can access is defined by your needs and your sales – not by your credit score or available collateral.
2. EASY QUALIFICATION
No credit? Poor credit? No problem! Contrary to bank loans and most other financial products – for which you can typically only qualify if you can prove that you don’t need them – with MFS, you can qualify for factoring based on the creditworthiness of your customers, not your financial strength or history. And that is the great equalizer for new or small businesses, as it levels the playing field for all the small players.
3. SHORT APPLICATION & FAST APPROVAL
Applying for a factoring facility with MFS only requires a minimal amount of time and paperwork, since we have already eliminated all red tape and lengthy application and approval processes. Upon receipt of your application, you can be approved within a day and receive your first round of funding the same week. Once you are approved, factoring can also eliminate the future need to re-apply for another loan or an increased credit line when you need more money.
4. FASTER BUSINESS GROWTH & HIGHER PROFITS
If your cash-on-hand situation limits the number of orders you can fill in any given time period, factoring with MFS should be the perfect financing tool for your business. Receiving funds immediately upon filling one order – instead of waiting 30 days or longer for your customers to pay – will enable you to shorten your sales cycle and fill many more orders in a year. Many factoring users have doubled or even tripled their initial sales volume even within the first year of factoring.
5. TURN INTO A C.O.D.-LIKE BUSINESS
By factoring your invoices with MFS, you simply convert your accounts receivable to immediate cash, speed up your cash flow, and thus turn your operation into a COD-like business because you are paid at the time you bill your customers. In essence, factoring with MFS improves your company’s day-to-day cash position and provides a consistent and predictable cash flow. Factoring with MFS also eliminates the need to cajole your customers into paying you early by offering them early payment discounts.
6. CONVERT FIXED COSTS TO VARIABLE COSTS
Borrowing money typically results in constant, periodic payments of principal and interest. These are fixed payments that must be made, no matter how your business is doing or how much cash you have on hand at the time. As factoring your invoices with MFS is not a loan, but a sale of your accounts receivable, there is no principal and interest to be paid back each month. So, instead of creating these fixed costs of a loan, by factoring with MFS you turn your business financing costs into variable costs, which you control 100%, since you only incur costs when you actually factor your invoices.
7. MORE EFFECTIVE MANAGEMENT
As factoring your invoices with MFS eliminates your cash and collection worries, you have more financial freedom, time, and peace of mind to focus on your business, its growth, and all operational issues directly related to your top and bottom line.
8. NO RESTRICTIONS ON THE USE OF FUNDS
Use the funds you receive from MFS as you see fit. You decide whether you want to invest them in business growth (e.g. marketing, sales, raw material, advertising, new equipment, etc.), or simply cover on-time payroll, other operational expenses, tax payments – or even retire old debts. Sometimes on-time cash may even eliminate the need to file for bankruptcy.
9. IMPROVE YOUR CREDIT RATING
With sufficient cash on hand, you can cover all your accounts payable on time and in full. This can quickly strengthen your company’s financial statements and credit rating. Consequently, factoring your invoices with MFS can help your company qualify more quickly for traditional bank financing or other investors if you still need them.
10. RETAIN 100% CONTROL & EQUITY
Factoring with MFS allows you to retain all control and equity in your business, because it does not involve any outside investor or lender who would be looking for some form of participation in the management of your business or even require a certain level of ownership and profit sharing.
11. A DEBT-FREE BUSINESS FINANCING SOLUTION
Factoring your invoices with MFS is an off-balance-sheet transaction that does not put additional debts on your books, because the funds you receive are not a loan. Therefore, you will never have to worry about constant repayment of principal and interest.
12. STRENGTHEN YOUR VENDOR RELATIONSHIPS
Factoring your invoices with MFS can boost your purchasing power vis-à-vis your suppliers and you can benefit from their early payment or volume discounts. Eventually, they will also offer you better payment terms – and that is the best (free!) credit your business can get.
13. BOOST YOUR COMPETITIVENESS
Factoring your invoices with MFS can make it easier for your customers to buy from you, because it allows you to offer them extended payment terms without adversely affecting your cash flow. The bigger your customer’s company, the more aggressive payment terms they typically request. Good opportunities can go to waste, because many smaller businesses cannot grant those payment terms and the business goes to the next bidder who can. By factoring your invoices with MFS, you will be that bidder who can.
14. STRONGER BALANCE SHEET & INCREASED NET-WORTH
By factoring your invoices with MFS and thus turning your accounts receivable into immediate cash, you simply exchange one asset for another (A/R for cash). This improves your balance sheet and increases the net-worth of your company by increasing cash and decreasing accounts receivable.
15. REDUCTION OF BAD DEBT
Factoring your invoices with MFS provides you with credit screening and credit monitoring of your current and future customers. When it comes to deciding on their payment terms, utilizing MFS’ credit expertise will help you make more informed credit decisions, which, in turn will ultimately help reduce collection efforts and bad debt.
Have questions? Want more info? Just call us or send an email. We don’t bite and are happy to help!
ADDRESS
18729 SE Lakeside Way
Tequesta, FL 33469
BUSINESS HOURS
9:00 AM – 6:00 PM
Eastern Time
