About Receivables Factoring
Accounts receivable financing, often referred to as factoring, is an arrangement where you are advanced working capital using your receivables as collateral. This provides you with an immediate cash flow to invest back into your business without being subject to the payment patterns of your debtors. The only thing more destructive to business survival than lack of customers is lack of cash flow to produce goods and provide services in a high demand market. With a factoring relationship, you can manage your cash flow, invoice to invoice, on your terms.
Imagine…
- Having working capital at your fingertips within 24 hours of generating an invoice.
- Being able to bid that larger project you have been putting off due to concerns over cash flow.
- Being able to finally take advantage of that 2% discount by paying your vendor in 10 days.
- Finally having control over your cash flow to make the decisions you need to make, when you need to make them.
- Concentrating on growing your business without calling and begging for payment from your debtors.
- Not having to fill out excessive paperwork and provide audited financials to get access to working capital.
- Not having to spend countless hours making collection calls to your customers, often straining the relationship.
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