With this type of lending, your company receives a cash advance based on the value of your assets and the creditworthiness of your customers. If this is happening with your company, then you may be an ideal candidate for asset-based lending, finance factoring or purchase order financing. This is because it is very probable to become a company that is rich in assets but not in cash, due to outstanding invoices from your customers. Unfortunately, even the most established businesses may have difficulty maintaining and generating the cash they need to take care of the day to day demands, such as manufacturing and payroll. Factor when you want, how you want, with whom you want and for however long you want.For every company, it is important to have a consistent flow of capital in order to stay competitive and vital in the business world. When we say flexible funding, we mean it. We can offer a variety of factoring options for businesses that include recourse factoring, non-recourse factoring and spot factoring. What Does Factor Finders Do for Small Businesses?įactor Finders specializes in connecting small and mid-sized businesses with the best factoring companies, which means we listen to your wants and needs to match you with the right funding partner. Business owners can control the number and value of invoices pledged. This beats waiting the usual 30 or 60 days for payment and enables companies to offer more generous payment terms to their clients.įactoring is also flexible. Once the factoring company approves your customers – say hello to cash flow! You will submit the invoice to the factor, and then you will receive a cash advance within 24 hours. Therefore, the customer who owes on the invoice must have a decent repayment history to ensure the factor is not left with unpaid bills. First, factors will analyze the financial strength of your customers to determine the risk. Start invoice factoring today!įactoring approval is based on the credit history of your customers. Factors can also negotiate with the lending institution to subordinate receivables. The business owner can use future invoices to repay the loan and clear it from their balance sheet. In addition, small business factoring helps when a company has an existing credit line. Count on us to match your small business with a factoring company that will provide fast funding with the competitive rates and flexible programs you’re looking for. The cost of factoring your invoices may vary depending on the industry you are in. Essentially, if your business delivers products or provides services to other businesses and have unpaid invoices – we can get you funded. Our factoring services benefit businesses of all sizes over a huge range of industries. Funding in 24 Hours With Small Business Factoring! The money is already yours, you are just receiving it faster. Small business factoring provides instant cash with more flexibility and is a completely debt free solution.ĭo your customers pay on 30, 45, 60+ day terms? Could your small business benefit from getting paid faster? Invoice factoring, also known as accounts receivable factoring, involves selling your business invoices in exchange for an immediate advance. ![]() Because of this, you can say goodbye to long applications and strict funding requirements. Have banks turned you down due to your credit history? With invoice factoring, bad credit is acceptable because approval is based on the credit of your customers, not you. Even if you’ve had trouble qualifying for other forms of financing, invoice factoring is a viable option. Invoice factoring is a fast & simple way for small business owners to improve cash flow and secure money to grow their business. Fast cash with no credit check! Small Business Factoring Servicesĭon’t rely on banks–small business factoring is the smart alternative to bank loans. If you are unable to obtain a conventional loan, factoring could be the solution for you. Starting and running a small business can be difficult, especially when you’re having trouble finding the capital to stay afloat.
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