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Factoring
Commercial Receivables
Factoring
is NOT a lending service. It is a discounted purchase.
Why Factor?
IMMEDIATE
CASH FLOW
Allows
you to turn your accounts receivable into cash immediately instead
of waiting 30 to 90 days for your client to pay. Allows you to utilize
your available capital instead of being receivable heavy and "cash
poor."
UNLIMITED
CAPITAL
Provides
your company with a new and virtually unlimited resource. Allow
new and or undercapitalized companies to leverage "your clients"
credit rating to your benefit. As your sales growth increases, your
capital keeps pace and is immediately available.
NO
DEBT INCURRED
With
factoring no money is borrowed, none is loaned, and no interest
is paid or earned. We have a buy-sell relationship, by which, we
earn fees for the services we provide.
What are
the benefits of Factoring?
FACTORING:
- Stimulates cash flow by turning your
receivables into cash.
- Relies on the strength of a business's customers.
- Is not a loan and improves your bankability.
- Gets quick results.
- Lets companies fully utilize their paper
assets.
- Is flexible, with many types of agreements.
With your
cash flow resolved, your business has the working capital to:
- Pay salaries
- Reduce debt
- Improve vendor relations
- Focus sales and growth
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- Expand or start your business
- Purchase new equipment
- Pay taxes
- Save your business from bankruptcy
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