The only financing source that can increase immediately with your sales, that we know of. This allows you to constantly have the ability to meet increasing demand, therefore as sales increase; more money becomes immediately available to you.
No Debt incurred
Factoring is not a loan; therefore you are not incurring any debt. This can make a very attractive balance sheet, which makes it easier to obtain other financing and make immediate adjustments to cash flow needs.
No loss of business equity
Ownership percentages are unchanged with a factoring arrangement (unlike most venture capital arrangements).
Offer credit terms to your customers
Factoring allows your business to be more productive by offering credit terms to potential and current customers without the risk of a negative cash flow impact.
Leverage off your customer’s credit
It’s not necessary to be in business for three years, or be profitable, or meet any other conventional lender qualifications in order to factor. Simply have a credit-worthy customer, and you can qualify for a factoring arrangement.
Establish good credit for your business
Paying your company’s bills in a timely manner is no challenge with improved cash-flow. Factoring makes cash immediately available to maintain a steady cash flow.
Improve processing service
You can greatly reduce your cost of processing because we handle much of the work. Mailing invoices (addressing envelope, stuffing them, paying postage), posting invoices to a computer system, depositing checks, entering payments on the computer and producing regular reports can be delegated to us.
We usually handle collections more professionally and more productively than you can internally. This could translate into further cost savings for your business.
Factoring is fast and easy
No tax returns, personal financial statements, business plan, projections, etc. are necessary to process our application. Usually, within about a week of receipt of signed contracts, your account is established. Thereafter, accepted invoices are converted to cash within 24 hours. Bureaucracy prohibits banks from processing that fast.
Are you interested in learning more about how we can help you attain your business goals? If so, please fill out the form below and a member of our team will contact you promptly!