Turning Receivables Into Cash Since 1998
Call Toll Free: (888) 603-0055

A Message to Bankers

Diversified Funding Services, Inc wants to join together with local banks. Together we can bring real solutions to small businesses in our communities.

I remember the day my father took me into our local community bank at 15 to help get me started building good credit. Here I am 36 years later, glad that he did. I have strong credit to this day because of the principles he taught me. Those were the days when relationships were built over time with trust, integrity and knowing the people that believed their word and handshake was as good as a signed contract. In the end, contracts only keep honest people honest right.

Much has changed over the years and community banks struggle to maintain the days of old when more decision making was given to the head of the bank. With economic turmoil, regulations and the competitive environment along with the advancement of technology, we are seeing a sea of new online lenders popping up almost daily offering fast easy access to working capital with an online application and same day approval.

Banks are in a unique position to be the first ones to greet local business owners seeking working capital — only to find out they do not qualify at the time for a loan or line of credit. Also, so many business owners are good at what they do, however many do not have the money management skills or understand what is available to them when it comes to working capital solutions outside of the bank..

In a business fantasyland, it would be nice if all companies could be approved by banks and have access to adequate capital and the lowest cost of funds in the market. However, we all know it that is not possible.

Our message is that sometimes just getting working capital is not the cure-all; some companies need help with AR management including monitoring collections and credit. Many times the cash flow requirements are not as high if these areas are buttoned up.

We also understand some people frown upon and misunderstand factoring. It certainly is not for every company. We do, however, believe that a very important benefit that factoring offers has been lost in communication. Factoring is not just about getting funding; the service provides clients a full back office A/R management extension of their company that is dedicated to following the invoices from submission to collections, along with verifications making sure the product or service is complete and satisfied. We also provide credit monitoring every 90 days to keep a pulse on your customers as well as credit reviews of potential new customers.

We are also seeing a dangerous trend happening from online cash advance lenders that are throwing money into the market. Some companies are offering loan advances with 3rd, 4th and 5th positions. The fact these products are based on future sales it is a ticking time bomb for desperate business owners taking on multiples of these easy access to funds. It is also taking away market share from traditional lenders.

Our goal is to partner up with local banks that care about their clients like we do and want to explore options and offer solutions that will grow many businesses into becoming bankable. We also want to make sure your bank understands all aspects of factoring and how it is the solution many of your current clients and potential new clients need right now, but might not be aware of.

Many may just need the back office support that our factoring services offers. Our goal in the end is to get them to return to your bank for the loan or line. We also have a residual referral fee program that will provide some revenue for your bank along with the traditional deposit relationship and other services your bank can provide while we are growing them back to your bank loans and lines.

Diversified Funding Services, Inc would love the opportunity to get together and discuss the possibilities of partnering up with your bank and see how we can bring real solutions to clients needing a working capital solutions instead of turning them down only to walk out the door and possibly never returning. We also want to help some businesses avoid getting in over their heads with lenders that do not have the best interests at heart.

Technology is great, but at the end of the day, there’s nothing that can replace the personal touch of working with a business partner who has your best interests put first. We strongly believe that relationships are of utmost importance, and we are extending an offer to meet and see how we can work together and bring solutions that put the business owner’s needs first.

Together let’s make a difference.

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.

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Diversified Funding Services, Inc
125 Habersham Drive / Suite C
Fayetteville, GA 30214
Toll Free: (888) 603-0055
Phone: (770) 603-0055
Fax: (770) 603-9823