Unlock Liquidity with Custom Factoring Solutions
Factoring
Advantages
Doesn’t add debt to you balance sheet
Flexible terms
Payments approved fast
Factors handle collections
Explore Factoring Options to Boost Your Cash Flow
Lending Overview
You work hard to deliver what your customers need on time. But if you’re invoicing, you have to wait and hope to get paid on time. While invoicing can improve customer satisfaction and brand awareness, it can put stress on your cash flow. While you wait to get paid, your creditors won’t.
Factoring accelerates cash flow while keeping your customers happy. If you work with invoices, purchase orders, or contracts, you can sell these assets to a factoring company. The company will give you cash based on the value of the account right away. When your customer is ready to pay, payment goes directly to the factor. After a small fee, any remaining payment gets forwarded to you.
Factoring helps you manage your AR task list and meet your company’s credit obligations on time, avoiding late fees and service interruptions. Factor one large invoice, bundle several smaller invoices, or sell an entire contract. Ask your broker for information.
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Leveraging Factoring for Optimal Cash Management
How to Effectively
Apply Funds
Factoring is a fast and easy way to get an advance on the revenue your customers owe. It’s not a debt, but a sale of assets. There’s no need to pay back the cash unless your customer fails to pay. Another great feature of factoring is that it’s not your credit that decides if you get approved, it’s your customers’. This makes factoring a smart choice for newer companies that haven’t established credit yet, but have a reliable customer base. Factoring fees are typically 3% or less, making it a low-cost option. Use factoring when you need to get a jump on large orders. Restock supplies and materials sooner so you can deliver faster and impress new customers. Ask your broker how factoring can benefit your business today.