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Factoring is a form of accounts receivable financing whereby your invoices are converted to cash in as little as 24 hours. By selling your accounts receivable, your company can instantly liquidate its receivables, on a recourse or non-recourse basis, thereby creating a secure reliable source of ready cash on an as needed basis. In addition to increased cash flow, benefits include professional, courteous A/R management services, including credit analysis and expert collections services. Factoring programs are available for U.S. and Canandian based small and medium-sized businesses engaged in manufacturing, distribution and service industries with business-to-business transactions. Credit lines: $25,000 to $2,000,000 Collateral: Accounts receivable (and sometimes inventory) Advance Rate: Up to 90% of face value of invoice Pricing: Fees are based upon the factoring volume, average invoice size and other considerations How does factoring benefit my business? Factoring programs help businesses increase cash flow while reducing credit and collections headaches. We provide no charges to you for our services. Generate cash flow as needed. You choose which invoices you want to sell for cash, financing invoices regularly or only occasionally when you have a need for liquidity. Focus on expanding your business. Spend your time and newly discovered cash flow where it's most valuable, recruiting new customers and managing day-to-day operations. Your factor will make collection calls and provide detailed A/R reports to keep you up-to-date on your invoices. Access your cash quickly. Most businesses are able to fund their first invoice within one week of accepting a factor's proposal. Find out how to get started. |