GMA Factor has over 30 years of experience in the finance arena and has been helping small to mid-sized companies successfully when the banks have said no.
GMA Factor’s services are not limited to invoice factoring. GMA Factor offers many different types of cash flow solutions; accounts receivable funding, purchase order funding, international factoring, reverse factoring, asset based loans and business cash advances just to name a few. GMA Factor is very excited to be able to extend their services globally and is flourishing in funding businesses worldwide.
GMA Factor can fund virtually any industry and offers low interest rates, as low as 1% in some cases. There are no long term contracts to sign and the process is much quicker than a conventional bank loan. A term sheet can be drawn up in as little as 24-48 hours once you have provided GMA Factor with the necessary paperwork. This usually consists of, but not limited to: a signed application, business bank statements, business tax return. You may also be asked to submit copies of invoices in order for the GMA Factor to determine if your customers/clients are creditworthy.
GMA Factor’s Cash Flow Solution Services
Accounts Receivable is money due for a product that has been shipped, received, and accepted or for a service that has been rendered. The receivable is created when the supplier of the product or service invoices the recipient. GMA Factor would then set up a revolving line of credit using your accounts receivable as collateral and we generally have little or no involvement with your customers. You still own your invoices and maintain the relationships with your customers.
Asset Based Lending is a type of financing in which the asset being bought, i.e. inventory, land or machine, is used as the collateral. In asset based lending, the quality of the collateral, and not the financial strength of the borrower, is of prime importance. GMA Factor bases the amount of the loan on the value of the asset being financed, and the ease with which it could be sold off if the borrower defaults. If your business is relatively new, or has recently experienced challenges, you might not have access to capital through traditionally structured loans.
Business Cash Advance / Merchant Advances GMA Factor provides business cash advances, completely unsecured, up to $1,000,000. A business cash advance is an effective substitute to small business loans, unsecured business loans or bad credit business loans. Their business cash advance is based on the cash flow passing through your merchant credit card account or your bank account cash flow activity. GMA aids success by quickly providing cash in advance, unsecured working capital, without the strict requirements and formalities of loans offered by banks and other lending institutes.
Equipment Financing is a finance plan that allows you to lease equipment for your business without dealing with a traditional bank loan. No matter what your industry is, the ability to purchase equipment whether it’s a new set of computers or a fleet of vehicles plays a great part in a company’s ability to grow. When you buy equipment, you own it outright. That means you own all the risks of loss, damage, repair, depreciation and being out of date. Equipment financing with GMA Factor will allow you flexibility to upgrade and be current with technology without the risks of owning it outright.
Hard Money Lending GMA offers Hard Money Loans fast with outstanding rates and unbeatable service. Programs for: * Residential * Multi-Family * Gas Stations * C Stores * Entertainment * Bridge Loans * Warehouse * Hospitality * Industrial * Fix and Flip * Fractured Condo * Anchored Retail * Much More… .
International Factoring GMA Factor is able to extend their services worldwide with International Factoring to over 50 countries around the world, including but not limited to: USA, China, India, Australia, Asia, Europe, South America, Africa, the Middle East, etc. With having the support of central banks throughout the world and government bodies, you will not be exposed to some of the challenges of international commerce. For a U.S. company, selling your goods internationally is financially rewarding. GMA Factor can help your company become more competitive in the world markets with a combination of factoring and purchase order funding.
Inventory Financing is a line of credit using inventory as collateral and is typically used by (but not limited to) automobile dealers (including truck, RV and motorcycle) and manufacturers of consumer products. Dealers and manufacturers have large amounts of money tied up in inventory and both industries benefit from Inventory financing. Inventory financing also benefits start ups, distributors, resellers and retailers that are striving to maintain and increase inventory sale rates while growing their business and improving profitability. Inventory financing also provides cash flow solutions to season fluctuations for some businesses during the holiday season.
Invoice Factoring is also asset-based financing that uses accounts receivables as the asset against which the financing is provided. The receivable is created in the same way accounts receivable funding. GMA Factor would, purchase the accounts receivables outright. Since we buy the receivable in advance of payment, we purchase the receivable at a discount. GMA Factor now owns the account receivables and we will follow up directly with the customer to secure payment. They arrange the payment process to make the collection of the payment against the receivable transparent and the customer believes they are directly paying the entity they purchased the good or service from.
Purchase Order Funding involves one company paying the supplier of another company, for goods that have been ordered to fulfill a job for a customer. This is an advance and may not be for the entire amount of the supplies, but it will cover a large portion of it. In some cases, companies can qualify for 100% funding. The purchase order finance company will then collect the invoice from the end customer. The purchase order finance company makes their money by charging the company in need of funds various fees. These fees are taken out of the collected invoice. The remaining amount is returned to the company.
Reverse Factoring Unlike basic factoring when the supplier (the seller) starts the process, Reverse Factoring is initiated by the ordering party (the buyer). The buyer is usually a larger company looking to extend payment terms without affecting their suppliers’ cash flow. Reverse Factoring is similar to basic factoring as it involves three parties: the seller, the buyer and the factor. The buyer initiates the process and chooses which suppliers he will allow to be paid earlier by the factor. The supplier will then choose which of the invoices he wants to fund through GMA Factor.
GMA Factor is a proud member of the International Factoring Association, Commercial Finance Associate, American Association of Private Lenders and partnered with American Staffing Association Members