What is Factoring?
As your business grows, so does your need for working
capital. Healthy companies need cash . . . cash to
finance expansion, fund larger inventories and payrolls,
and meet increasing overhead costs. Effective cash management
is critical to business success, regardless of the industry,
location, or size of the company. More important than
simply tracking what comes in and goes out is controlling
the timing of the transfer of funds. After all, money
in the bank today is worth more than an invoice that will
not be paid for a month or more. The uncertain period
of delay between the time a sale is made and your invoice
is paid can be devastating.
At
FactoringServices.com, a Commercial
Capital web site, we specialize in providing our
clients with cash through the purchase of their accounts
receivable, which is a financing technique known
as factoring. Though it has been a part of our financial
culture for centuries, factoring is gaining new recognition
and popularity. Every day across America an increasing
number of businesses in a wide range of industries turn
to factoring.
Factoring
moves your cash flow forward creating immediate
cash to improve your financial position and increase
your purchasing power. This type of financing provides
you with the economic strength to expand production,
sales and profits.
How Factoring Works
The
process is simple and straightforward:
- We
begin with a preliminary evaluation of your business
and customer base. With this information we design
a factoring program that is effective and appropriate
for you. Because we are a private company decisions
are made quickly, eliminating long waits for loan
committee approval.
- When
you fill an order or complete a contract for services
and generate an invoice we fund that invoice and advance
a large percentage of the face amount immediately.
In most cases, cash advances are made within 24 hours
from the time invoices are verified. When your customer
pays the invoice, you receive the remaining funds,
less our fee.
- Our
fees are determined by the amount financed, average
invoice size, and collection time. All fees are clearly
stated in your agreement; there are no hidden charges.
- We
provide comprehensive, password protected on-line
management reports to all of our clients. These reports
allow you to make informed decisions based on real
time information.
- How
much and how often to factor is entirely up to you.
You can choose to factor all or a portion of your
receivable for a length of time that works best for
you.
- If
you have outgrown your line of credit with your bank,
or you are a young company without an established
track record, or if previous cash flow problems have
tarnished your credit rating, or even if you have
a tax lien, you can still qualify.
- Factoring
is one of the most flexible financing options and
the only one that can continually grow with your company.
You are not totally limited to pre-approved credit
lines, and you do not have to go through a complicated
and redundant application process as your business
grows.
The
bottom line is this:
Factoring allows you to focus on expanding your business
by providing you with the necessary capital and removing
much of the administrative red tape.
Are
you ready to to fill out our no obligation sign up form
and let our factoring services work for you?
Click
here to start the process!
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Look
What
Factoring
Can Do!
-
Avoid
the loss of business to competitors who are better
financed
-
Spend
less time managing your receivable and more time
managing your business
-
Stabilize
cash flow
-
Offer
better credit terms to your customers
-
Take
advantage of purchase discounts
-
Improve
your company's credit status
-
Pay
off loans and other debts
-
Provide
detailed credit checking of prospective customers
-
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