Invoice Factoring
Invoice Factoring, also known as Accounts Receivable Factoring, is financing for companies that have too much cash tied up in their commercial accounts receivable. Factoring is a financial service that allows your business to immediately receive cash for your accounts receivables instead of waiting waiting 30 to 60 days or more, for your customers to pay.
Factoring is a simple and fast solution to a company’s cash flow needs. Rather than having your money tied up in receivables with a long billing cycle, factoring provides your company with the working capital to grow, purchase inventory, make payroll, take advantage of trade discounts, launch a new marketing campaign…or anything else that demands your financial resources.
When factoring your accounts receivable, your company incurs no debt. By selling your invoices to the factoring company, your company merely exchanges one asset (accounts receivable) for another asset (cash). Since factoring is a sale and not a loan, there is no interest to pay or principal to repay.
We have factoring programs that offer many benefits to companies in a wide variety of industries, including: High advances (up to 90% of the invoices that you are factoring), low rates, on-line reporting, and credit & collection services. We have no application fees. Our professionals have helped hundreds of companies with their cash flow over the last 20 years by factoring their accounts receivable. We look forward to helping you and your company as well.
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