“I know every one of those toys is going to find its way to a kid who might not otherwise have a lot of gifts under the tree, and it’s very moving to be able to play a role in making that happen.”
Capital Invoice proud to help raise $50,000 for C.O.P.S.
Capital Invoice was proud to help sponsor a picnic November 5 to raise money for C.O.P.S. – Concerns of Police Survivors.
Through the law enforcement support picnic, local businesses and people from the community were able to raise $50,000 for the families of law enforcement officers killed in the line of duty.
The event was held at BankSouth in Oconee County, and BankSouth was the major sponsor.
Capital Invoice is a factoring firm located in Athens, Georgia. We help companies that are struggling with cash flow by purchasing their invoices so they can get paid immediately while wait the 30, 60, or 90 days for their customers to pay.
If you think factoring is something that can help in your business, please give us a call and we’ll be glad to help you learn about the process and determine if it might be a good fit for you.
Athens office - 706-715-3377 Atlanta office - 404-220-9014
Oconee businesses come together for local law enforcement
Capital Invoice is partnering with BankSouth to sponsor a picnic on Saturday, Nov. 5, to honor and support local law enforcement in Oconee County.
The picnic will begin at 12:30 p.m. at the BankSouth location in Watkinsville, and the bank is accepting $10 donations for tickets. The money raised by the event will be donated to the Georgia Chapter of Concerns of Police Survivors Inc., a nonprofit that supports the families of law enforcement officers killed in the line of duty.
Brightly colored words flashing before our eyes
If you were watching the opening weekend of college football, there’s a good chance you saw a television commercial for a national factoring firm.
While we think it’s great that our industry is getting more exposure, we weren’t particularly thrilled with the commercial. With bright colored words flashing across the screen and a booming voice-over, the commercial had the look and feel of a used car lot commercial.
It may be that other factoring companies out there view what they do as similar to payday loans, and they may well charge percentages that make them more akin to that kind of business model, but that’s not what Capital Invoice does.
As a factoring firm, we do not impose upon our clients a cycle of debt from which they cannot escape.
Instead, at Capital Invoice what we do is partner with our clients to provide solutions that allow them to grow their business, move on to the next job, and pay their employees and vendors in a timely fashion.
If you’re unfamiliar with factoring, here’s how it works:
Our typical client comes to us with invoices for commercial or government customers. Our client needs to pay employees or vendors or needs to buy equipment or supplies to move on to the next job, but he’s stuck waiting for his customers to pay their invoices.
Anyone in business understands that invoices can sit 30 or 60 or sometimes even 90 days before they are paid. Many times, our clients do not have the cash flow to sit on a pile of invoices for two months, and if they’re going to grow and expand then they need to get paid for their invoices immediately.
Capital Invoice can buy those invoices from our clients. We provide up to 90 percent of the invoices right now, allowing our clients to pay their vendors, pay their employees and buy what they need to move on to the next job.
Capital Invoice then receives the payment on the invoices. We wait the 60 or 90 days while our clients are financially able to move ahead with growing their company and adding to their business.
When the invoices are fully paid, we take a small percentage as our fee and pay what’s left of the remaining 10 percent to our clients.
It’s not a loan, and it’s certainly not a payday loan. It’s not the sort of business transaction that needs brightly colored words flashing across the screen and some guy shouting at viewers.
Obviously, we can’t control how other factoring companies advertise their business, and we are glad to see that companies are raising the awareness of what factoring is and how it works.
So if you’d like to learn more about a toned-down approach to factoring and how it can solve some of the problems you face as you attempt to grow your business, please give us a call.
706-715-3377
At Capital Invoice, our objective is to build long term partnerships with our clients that will help them grow and flourish in their business, not yell at them from a television screen.
Sending Kids to 4-H Camp This Summer!
The Athens Jaycees raised $1,000 to send kids from Athens-Clarke County and Oconee County to 4-H Camp this summer. The students that receive a camp scholarship will develop personal and leadership skills while having a blast at the Rock Eagle Camp in Eatonton, Ga. Capital Invoice was proud to support the Athens Jaycees and give back to the Athens and Oconee County communities. Check out the article in the Athens Banner-Hearld.
http://onlineathens.com/mobile/2016-05-17
Underground Drilling Client is Back on The Rise
It is no doubt that Construction is back on the rise. One of our clients, Davis Underground Solutions LLC, is booming! If your construction company is growing again, call us at Capital Invoice to make sure your Cash Flow is ready to match your growth! Check out this great article about the history of their business is booming right now!
Georgia Directional Drill Contractor Gets Back to Work
Caleb Edwards
Capital Invoice, LLC
824 S. Milledge Ave, Suite 209A
Athens, Ga 30605
caleb@capitalinvoice.com
www.capitalinvoice.com
706-715-3377, ext. 700
Construction Industry Invoice Factoring
Are you a subcontractor waiting 30-45-60+ days to get paid? Capital Invoice will pay you cash for your Construction invoices on Day 1.
- Get up to an 80% advance on Day 1.
- Use the cash to make payroll,
- Pay suppliers early to get discounts,
- Hire new employees,
- Purchase new Equipment,
- Start new projects that had to turn down due to lack of working capital!
How does Factoring work?
- You invoice your customer for the completed work and send us a copy.
- We pay you 80%* for that invoice.
- We wait on your customers to pay.
- When the customer pays, we send you the remainder, minus our 3%* fee.
Subcontractors We Serve
- Asphalt
- Concrete
- Demolition
- Directional Drilling
- Electrical
- HVAC
- Plumbing
- Framing
- Roofing
- Landscaping
- Drywall
- Carpet
- Painting
- Post Construction Cleaning
Don't wait any longer to get paid! To find out if your construction company is the right fit for Factoring, call Caleb Edwards at 706-715-3377, ext. 700.
*Example based on average transaction. Your advance rate and fee rate will depend on your specific situation.
Caleb Edwards
caleb@capitalinvoice.com
706-715-3377, ext 700
Factoring History
There are three principal parts to the factoring transaction, all of which are recorded separately by an accountant who is responsible for recording the factoring transaction: (a) the "fee" paid to the factor, (b) the Interest Expense paid to the factor for the advance of money prior to the receipt of payments from debtors, (c) the "Bad Debt expense" associated with po
Brief History of Factoring
The Social Impact of Factoring and Asset-Based Lending
In our fast-paced world of factoring and financing, it’s easy to overlook the powerful impact of what we do day-in and day-out on our community. However, it’s important to shine light on the fact that our professions not only provide us with the revenue to support our own employees and families, but they also provide entrepreneurs in our communities with the cash flow they need to fulfill their dreams and to support their employees and their families – all of which have an overall positive impact on our nation’s economy.