Factoring with us benefits your business in several ways:
1. ACCELERATED CASH FLOW
Cash is immediately advanced to you on qualified accounts receivable, eliminating long billing cycles so you can take care of inventory purchases, operating expenses, taxes and other financial obligations.
2. HIGH ADVANCE
Our partners offer one of the highest advance rates in the industry. Your company can obtain up to 90% of the face value of the invoices factored with us.
3. NO NEW DEBT INCURRED
Because factoring is not a loan, you assume no new debt or interest to pay. It's a very simple transaction wherein your company exchanges one asset (accounts receivable) for another asset (cash). Improving cash flow without adding debt gives your company stronger and cleaner financial statements.
4. EASIER ACCESS TO FUNDING
Since factoring is not a loan, qualifying for it is much easier and features less paperwork than loans. You just need a well-run business and great customers. Factoring services are more concerned with your clients' credit history than your company's. Also, factoring services is a great option for startups that rely on quick availability of funds to keep business afloat.
5. PROFESSIONAL COLLECTIONS WITHOUT THE HIGH COSTS
With over 20 years of experience, our partners handle collections of your accounts receivable in a professional manner, allowing your staff to focus on activities to grow your business, such as sales and marketing. Additionally, you eliminate the administrative costs associated with collection activity.
6. UNLIMITED WORKING CAPITAL
Factoring is the only source of business financing that grows as your company’s sales increase. The more accounts receivable your company generates, the more immediate cash your company can access. The amount you can factor is based on the total value of invoices, not by collateral or credit history.