Invoice Factoring: Small Business Financing WITHOUT Creating Debt
Accounts Receivable Factoring is the SMART Business Financing Solution
Get the cash or working capital your business needs to grow and compete NOW. Invoice factoring (also called accounts receivable factoring and invoice discounting) is a fast, powerful, exceptionally low-cost small business finance tool. It provides immediate cash (often in as little as 24 hours) to soften or eliminate the unpredictable billing and payment cycles that can strangle a company's cash flow and/or operations.
When factoring invoice payments, a company sells some or all of it's outstanding business to business (B2B) invoices at a slight discount through an individual called a factoring broker to a financial institution called a "factor" or "factoring company" and receives immediate cash for them. And because the discount is so slight, factoring companies and/or a factoring broker can be a viable funding solution for practically any company desiring to improve it's cash flow or liquidity.
If you're a contractor or subcontractor visit Construction Factoring
The company is free to use the cash it receives from factoring invoices for any purpose while the factoring company or factoring broker simply waits for the scheduled payment on the invoices. Invoice factoring is the smart, simple, cost-effective way for a company to leverage it's accounts receivable without incurring additional debt or loading up the balance sheet with liabilities.
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Commercial Factoring
If your business sells goods or services to other creditworthy companies or to city, state or the federal government on net terms and you're billing at least $10,000 per month, you can factor your accounts receivables, get cash immediately, and eliminate the long unpredictable billing cycles that most small businesses are plagued by. Invoice factoring is fast, easy and extremely affordable, and virtually all businesses in almost all industries can benefit from it.
For new and growing businesses, account receivables factoring can be indispensable as a flexible, low cost solution to the ever-increasing need for working capital WITHOUT taking on additional debt like a bank loan or line of credit (Invoice factoring is NOT a loan or a business line of credit ... it's the sale of an asset you already own, so no new debt is created and no new liability is incurred). Factoring approval is fast and easy because it's based on the collective creditworthiness of your customers, so qualifying is easy.
Our Commercial Factoring Service Has Many Benefits:
Invoice Factoring Company * Factoring Broker * Factoring Service
Small Business Funding * Accounts Receivable Financing
Companies are obviously in business to grow and expand, and accounts receivable turnover ratio is vital, but in a strong market with a good economy, a company's growth and expansion can quickly outpace it's cash flow and capital reserves, resulting in more revenue opportunities than a company can afford to take on. And if the company has a slow accounts receivable turnover ratio, the lack of working capital can be fatal. As a result, many companies are forced to turn away new business and new revenue opportunities, simply because they are spread too thin financially.
Factoring accounts receivables make small business financing EASY. Our minimum monthly billing limit is only $10,000, which is far less than most other factoring company requirements, so it's easy to qualify, even for new and very small companies. And for larger, more established companies, our low monthly minimum means you can factor fewer invoices to achieve your financial goals so factoring actually costs you LESS.
Using Your Customer's Good Credit To Grow Your Business
Factoring differs from a bank loan because it's all about leveraging the financial strength of the single largest asset you have; your existing customers. Funding decisions are based on the size and financial strength of your clientele (D&B rating), not on you or your personal credit rating, so the more established, creditworthy customers you have, even if you've only been in business a short time, the more cash you could have available to grow your business.
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