Factoring your accounts receivables increases your working capital, gets you the cash you need to maintain and expand your business, eliminates the need to collect from your customers, and allows for fast turnover of your money. We can meet your factoring needs and help fulfill your cash flow and capital requirements.
Factoring receivables is the practice of selling invoices (money due from customers) and receiving immediate cash from a factoring company. A factoring receivable company is a commercial finance company that specializes in the purchase of invoices for cash at a discount from face value. Your company does not have to wait the normal 30-45 days for its accounts receivables to be paid which means that your cash flow is accelerated and your business is able to more readily pay its current obligations and grow.
Your company is eligible to factor receivables when it has delivered a product or service and has generated an approved invoice. Through factoring receivables your company can maintain the cash flow to stay current with vendors and to meet payroll and taxes. With factoring receivables you do not have the restrictions associated with bank loans such as requiring two years in business and showing a profit.
