A factoring company can provide an innovative way for your business to immediately access its working capital. It provides immediate cash solutions, enabling you to get control of your cash flow. You determine which invoices to sell and when to sell them. Using your own assets, your accounts receivables, a factoring company provides your business with cash for expansion without borrowing. You simply supply the factoring company with an accounts receivable aging report and your customers' credit limits. The factoring company will determine the creditworthiness of your customers.
A factoring company is a commercial finance company that specializes in the purchase of invoices for cash. The fees for this service are determined by the creditworthiness of your customers, the A/R aging report, invoice size and volume. A factoring company can work with businesses large or small, established or startup.
