Factoring receivable is the secret to maximizing your cash flow.
Receivable factoring is your companies most valuable asset. Why give
up any ownership of your company or borrow money long term
when you can finance your invoices for immediate cash? What is
account receivable factoring? Factoring receivable invoices is the
sale of an asset - your invoice. The sale of your invoices to a third party
known as a Factor, eliminates the sale-to-collection business cycle
of waiting for payment. A factor will purchase your invoices for a
percentage of the total amount. You get your cash now and the factor
takes on the risk of collecting the payments from your customers.
The creditworthiness of your customers is very important if you want
to get a good rate from a factor. What are my specific advantages?
Immediate cash with no waiting and without incurring new debt, you
receive quick payment following invoicing factor, your business credit
rating is not an issue because you are not borrowing money. Efficient
handling of all your invoicing and data entry, Relief from the
responsibility for collecting no-pay and slow-pay clients, You have
expanded growth capacity through increased production and total
sales, Ability to take advantage of vendor discounts.
Please
go to our Business Application page and fill out the brief
information.
