Diversified Funding Services

Website Links

Description

Diversified Funding Services was founded in 1998 by Mark Little with the mission to provide businesses the opportunity to obtain critically needed cash flow for their companies with Account Receivables financing, traditionally known as Factoring.

A factoring relationship generally lasts 1 to 3 years during the most dramatic growth period. However I have set up some clients that have been utilizing factoring for over 6 years straight. A factoring client usually graduates to conventional bank financing when growth levels off and balance sheet ratios fall into a more conservative range.

Is Factoring Expensive? Factoring is more expensive than bank financing but cheaper than equity financing. A factoring relationship generally lasts 1 to 3 years during the most dramatic growth period. However I have set up some clients that have been utilizing factoring for over 6 years straight.

Just understand that Non Recourse Factoring is not selling the invoice and totally walking away. The responsibilities of providing a good product or service still applies. Do not miss the opportunity of signing up with a better factoring company because you thought you were signing up with a Non Recourse factor that allowed this.

4. Have a collection process in place, and follow through. When your customers delay payments, they’re using your cash. You need to ensure that you’re being diligent in collecting from your customers.

Products & services

Similar companies nearby