Accounts Receivable Factoring

Does your business have slow paying customers putting your growth or survival at risk? Could your business increase sales by offering better terms to your new and larger customers? Are you spending too much time collecting from slow paying customers and not enough time building your business? Is the bank turning you down for traditional financing due to years in business, profitability, lack of assets, or financial strength?

These are problems many businesses face that can be solved with a financial service called Factoring.

Did you know that your outstanding receivables are worth cash today!?

Accounts Receivable Factoring, which is also referred to as Accounts Receivable Financing, Invoice Discounting, and Invoice Factoring is a financial service that allows a business to sell its outstanding receivables to a financial institution called a Factor, and receive immediate funding for a small fee. If your business sells products or services to other businesses or governments on credit terms, you have the option to factor your receivables and eliminate the long billing cycles that put a strain on your cash flow. Here you can learn how this financial service can help your business whether you are growing fast or just struggling to survive.

You can Factor as much or as little receivables as you want. There are no obligations, no minimums, and no maximums. Whether your monthly invoices are $5,000 or $5 million, your business can benefit from invoice factoring and use the factoring receiveables service whenever you want. Please read through our web site where you can learn more about factoring, the benefits, the process, and examples of how businesses can use this financial service wisely.

How it Works

• The lender sets up the line of credit for a company.
• The company notifies the lender by fax or phone when they want to draw upon the line of credit.
• The lender deposits the requested amount into the company business checking account.
• The lender will send a statement out each month that shows the activity on the line of credit.
• The company makes a monthly payment for the interest charged for that month.