If the availability of additional cash flow will increase your sales or lower your cost of doing business then factoring is your answer. Factoring your accounts receivable does not create any debt or create a loan that needs to be paid off.
Many companies begin factoring to solve an immediate cash flow issue but in the long run continue to factor because of the additional credit, collection, and accounting services offered by the factoring company.
Factoring of accounts receivables has similarities to conventional bank financing but several additional rewards as well. Businesses that have trouble obtaining traditional bank financing due to their length of time in business, profitability or financial strength. By converting their accounts receivable into cash a company can stay current with its vendors and other obligations such as taxes and payroll. Cash flow needs are not restricted to young and emerging companies. Many established and prosperous companies occasionally find themselves in a cash crunch as well.
The process to start factoring accounts receivable is simple. We begin with a preliminary evaluation of your business and customer base. Then we design a factoring program that is effective and appropriate for you. The process can be easily setup within a couple of days.
Feel free to contact us anytime for a free no-risk consultation toll-free at (877) 836-4661 or email us if you have any questions. |