Why Businesses Choose
Again and Again
for their Invoice Factoring
Same Day Funding
Advance Rates that Exceed
Industry Norms by 20%
We offer cash advance rates up to 97%
The typical maximum in the invoice factoring industry is 80%.
We can offer you higher advances because
of our unique financing capabilities
We provide you with contracts
that meet your cash flow needs,not ours.
Unlike the others, we do not make
you sign long-term contracts and we don't
charge you fees when you are inactive.
Not only can we offer you the most
advanced technolgy but we also maintain
the old-fashioned systems because
every client has different needs.
Unlike the Others, our objective here
is not to force you to conform to us,
but to get you the cash you need
in the quickest and most
Please contact us
and our seasoned invoice factoring
specialists will help you
get the cash you need TODAY
or complete the
On-Line Invoice Factoring Request Form
More Receivables Funding Information
What is receivables funding?
In its simplest form, receivables funding is the purchase and sale of a company’s
accounts receivable (invoices) at an amount less than (a discount of) the face value.
(Example: If the factoring discount is 3 percent, the receivables are being purchased for 97 cents on the dollar).
This allows a company to convert its dormant assets — or receivables — into useable cash flow. It is not a loan.
The cost of
doing business with a receivables funding company is the
discount taken on
the receivables submitted for funding. Fees range from 1 to 3 percent, depending on volume,
credit-worthiness of the customers sold and overall risk. The discount taken is best compared to a
merchant accepting a Visa or MasterCard transaction and receiving immediate payment,
less a percentage or discount, before the actual cardholder has paid his or her monthly statement.
on the agreement, businesses can pick and choose which receivables they wish to
the receivables funding company, who immediately advances eighty percent or more of the face value of the invoices.
The balance of the funds, less the discount fee, is released once the receivables are collected.
In a nutshell, invoice
factoring consists of converting a company’s accounts receivable
into cash by selling invoices to a factor at a discount. Factoring is a valuable financing option
for companies who are just starting out or who are experiencing a period of rapid growth.
Because invoice factoring companies rely on being paid by your customers,
your own financial history does not have any bearing on your qualification. Most importantly,
factoring allows your company to stop worrying about cash flow and start focusing on what really matters in a business — operating it.
3. What does all of this terminology mean?
Eight fundamental terms to you understand the factoring process better.
How to Increase Cash Flow Without Borrowing
Cash flow is one of the main reasons businesses fail. At one time or another, every business, even successful ones, have experienced poor cash flow. Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are available and you do not have to borrow.
What is Factoring?
One solution is called factoring. Factoring is the process of selling accounts receivable to an investor rather than waiting to collect the money from the customer.
Oh, the Irony…
Factoring has an ironic distinction: It is the financial backbone of
The uncomfortable ritual of making incoming cash receipts stretch to cover short term obligations frustrates even the most seasoned business managers.In recent years, an increasing number of businesses have discovered that receivables funding can combat the ups and downs of unpredictable cash flow cycles. More importantly, receivables funding companies are providing the small business community with a viable source of working capital when conventional financing is not always an option.
Receivables Funding can help those firms that banks often find difficult to approve such as start-up companies whose growth outstrips cash. The primary focus in a receivable funding relationship is the credit-worthiness of the customers being invoiced and the client’s ability to produce a quality product or service. Simply put, if the business has an acceptable product or service that it provides to a creditworthy customer then the business is a candidate for receivables funding.
Invoice factoring benefits are: