NewswireToday - /newswire/ -
Piscataway, NJ, United States, 2011/06/24 - Franklin Capital FG launches new non-notification factoring program, furthering its user-friendly service while protecting commercial client's reputation and image - FranklinCapitalFinancial.com.
Franklin Capital Financial Group, a provider in commercial financing solutions such as asset-based, factoring, unsecured and private equity options, today announces the launch of its new Non-Notification Factoring service that will allow commercial clients to maintain their identity and company reputation while the lender remains absolutely confidential when it comes to factoring, or also known as "invoice factoring" financing.
In spite of this 2,000 year old simple, cost-effective type of financing method as well as being a unique, distinctive way to obtain fast immediate working capital to improve all-around cash-flow, some business owners remain a little hesitant and skeptical before jumping into this type of financing for their company, primarily due to the ability of allowing their customers to now be collected by a third party source causing business owner's to sometimes feel out-right embarrassed as well as perceiving it to be a serious blow and offense to their company reputation and image as well as financial health.
Although public factoring actually improves a companies image and reputation according to recent market studies and surveys done on public factoring, as well as not to mention, some of the biggest names and suppliers in the country use public factoring, but many business owner's still simply do not feel comfortable allowing another organization to come in and start collecting their customer's payments and invoices in exchange for quick working capital and that is the common gap Franklin Capital Financial Group is looking to fill.
As public factoring comprises up to 82% of the factoring market, Franklin Capital FG is now offering an under-utilized factoring alternative that allows businesses to protect their company image and reputation by keeping the factoring lender strictly confidential to their clients, while the lender assumes all the credit risk and responsibilities for collecting money and invoices from the newly-funded business's clients. All collections and invoices are still performed under the business's name and not the lender's as this "extremely user-friendly service and viable option will now open the door real wide for our clients who would normally not even consider this type of financing" says Jem Zielen, Managing Partner of Franklin Capital Financial Group." "Public or notification factoring may not be an issue for most, but it is a stumbling block for some, and we're here to bridge that common gap, especially for those that would exceptionally benefit from factoring and that are unable to obtain a conventional bank loan or simply rather prefer faster alternative access to capital."
While Non-notification factoring also known as Confidential Factoring, has been around for years now, it still remains an uncommon practice in the factoring industry and is often even despised by factoring lenders alike. Despite it's scarcity of use among most factoring lenders, Franklin Capital FG is striving hard to market and push this particular type of factoring for those who would otherwise turn a blind-eye to the factoring market, potentially missing out on capital that would further accelerate their businesses as well as unquestionably solve all their cash-flow related problems.
In conclusion, Franklin Capital Financial Group seems to have done it again when it comes to customer service and satisfaction by now providing Non-notification Factoring services, especially with the recent launch of it's anticipated free business advisor program a few months back that is already causing a stir in the commercial financial industry. Business clients who never considered or gave a second thought about factoring, just might find themselves getting their feet wet with this alternative solution.
About Franklin Capital Financial Group
Franklin Capital Financial Group (franklincapitalfinancial.com) is a well-established nationwide business-financing brokerage firm providing working capital solutions such as asset-based lending, cash-flow loans, factoring, credit lines and venture capital options for small to mid-sized companies. Additional services include a Free Business Advisor Program as well as a separate mergers & acquisitions brokering service and department. Franklin Capital charges no up-front fees or any other "commitment" type retainer fees whatsoever as we are compensated directly by our network of trusted lenders. Loan sizes vary from $5,000 to $10,000, 000.