Grow Your Business With Factoring
Factoring is when accounts receivable invoices are purchased at a discount. We provide a liquidity solution for you if your company sells services or products to other businesses that make payments in 30 or more days. Whether your company is in bankruptcy, losing money, or just getting started, we offer financing that is not based on your credit, but your customer's credit. You can think of this as selling an asset.
Services Provided by Factoring
Along with checking your customer's credit and notifying you of potential risks, financing receivables provide a variety of valuable services. Some of these services for qualifying accounts include:
- Free credit insurance
- Detailed monthly statements
- Cash in 24 hours
- Financing for any business
- No personal guarantees
- No recourse even if there is no payment from the account
- Client credit insurance that does not cost you
- No fixed payments
- No arbitrary loan board decisions
- Funding increases as receivables and sales increase
- Bring focus to your business instead of collections
- Receive bulk purchase or early payment discounts from your suppliers
- Ability to service unexpected and/or large orders
More Money for Growth
You can use the money from factoring to:
- Fund growth, expansion, and operating expenses such as payroll
- Purchase inventory
- Respond to opportunities and seasonal demands
- Gain a new account
Give us a call today to see how our financial specialists can help your company grow.