Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Apex Capital Offers Tips on Finding the Right Factoring Partner.


FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities.  -- Apex Capital, the leading full service factor, offers some practical tips for selecting the right factoring partner.

With the daily addition of a new factoring company, it can be difficult to understand and know how to find the right partner. Many factors are full of promises with no intention to ever fulfill ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 them. How do you know which factor to choose? Aren't all factors really the same? Not really.

Step one: look for a reliable and reputable rep·u·ta·ble  
adj.
Having a good reputation; honorable.



repu·ta·bil
 factor. This could actually be more important than your fee. Service, reliability, and reputation are the fundamental elements of a quality factor. Look for one that's been in business for a while, has in-depth trucking experience, a reputation for honesty, and offers services you'll need to make smart decisions.

Step two: ask questions. Most factors that have low advertised rates use these to lure lure

the skin-covered object which runs on a monorail on a Greyhound racing track and which the dogs are schooled to chase. The lure must be kept 30 to 40 ft ahead of the leading dog so that the field is stretched out.
 you in. Only after you're hooked hooked adverb Addicted , do you discover all of the back end hidden fees. Always ask these questions before entering into a factoring agreement:

* What type of online reporting is available?

* What reports and schedules will I receive?

* Are there any minimum fees?

* How do you handle collections?

* Do I have to sign a long term contract?

* Is there a penalty if I don't meet the minimum?

Step three: know the terms of the factoring agreement. Have an attorney review the contract. You may spend a couple hundred dollars for the attorney to read and interpret it, but that investment could prevent a costly mistake. Many factors take advantage of the unsuspecting carrier locking them into long-term contracts and factoring agreements imposing minimum monthly fees. Do your homework.

About Apex Capital

Apex Capital (www.ApexCapitalCorp.com), based in Fort Worth, TX, is the leading full service factor specialized spe·cial·ize  
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es

v.intr.
1. To pursue a special activity, occupation, or field of study.

2.
 in the trucking industry. The 12-year-old factoring firm delivers competitive advantage to clients throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  providing the highest level of service to clients through personal attention and superior technology. In 2006 Apex was voted by its own employees as one (#11) of the Top 60 Companies to Work for in Texas.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 4, 2007
Words:347
Previous Article:Town Sports International Holdings, Inc. to Participate at the Oppenheimer & Co. 4th Annual Consumer Conference.
Next Article:Natural Resource Group, LLC Hires Andrew Grammer as Environmental Project Manager.
Topics:



Related Articles
"Los Angeles 1955-1985: The Birth of an Artistic Capital"; Centre Pompidou, Paris.
A BRUSH WITH FAME MIGHT VALIDATE YOU AS A PERSON.
The parent trap: Len Brooks markets himself as a fellow gay man who understands the desire to become a biological father. But some of his clients...
Destination News - Destination, Rail, Road.
Airline Finance News - Asia / Pacific.
Airline Finance News - Europe.
Online Business Residual Income Affiliate Program Ideas
Self-Employment with Limited Capital!

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles