With decades of proven success in their fields, our executive management team has the knowledge, experience and expertise to help you stabilize and grow your cash flow with smart invoice finance.
Our owners are a group of highly successful entrepreneurs who provide our funding and have set the goal for Fast A/R Funding to be the best invoice factoring firm, bar none.
What is accounts receivable factoring?
Accounts receivable factoring, or A/R Finance, is an innovative way of providing financial assistance to small businesses. Invoice finance involves the cooperation of three parties: a small business, their customers and a factoring company like Fast A/R Funding.
Here's how it works: The "factor", the factoring company, purchases outstanding invoices from the small business, which provides quick access to funds that might have taken the business much longer to collect. The factor also helps in the management of the business' credit risk and the management of the accounts receivable.
Basically, nothing. They are all one and the same and may even be referred to as accounts receivable financing, invoice discounting, invoice finance or single invoice financing. The results is the same; the business gets a faster resolution to outstanding invoices which means more funds to work with. There are lots of differences between Factoring Companies and you should do your homework before choosing one.
How is invoice finance any different than a business loan?
Invoice finance is not a loan. A factoring company purchase your outstanding invoices for as high as 95% of their face value and provide your business with funds it can access quickly. That operating capital is usually available to you within 48 hours. A business loan can be difficult to obtain for a variety of reasons and typically takes much longer to secure.
The additional benefit is that a factoring company can help collect that outstanding invoice and help you in the management of your credit risk and your accounts receivable. No bank loan will do that for you!
How do I know if your invoice financing services would benefit my business?
Ask yourself these four questions:
• Could my business use more operating funds, quickly?
• Does my business need funds to grow?
• Would I like to minimize my company's credit risk?
• Is my business unqualified to apply for a traditional small business loan?
If you can answer "yes" to any or all of those questions, Fast A/R Funding may very well benefit your small business and provide an enormous boost to your company's financial situation.
Does my company qualify for Fast A/R Funding's invoice finance services?
Considering the benefits your company will receive, qualifying for Fast A/R Funding's services is easier than you might think! If your business:
• Provides services or goods to creditworthy U.S. customers with net 30, 60
or 90 day terms;
• And has annual sales between the $250,000 and $5,000,000 range,
you likely qualify!
If you still have questions, call 888-833-2286. Our professional A/R Factoring experts are at your service! Or, you can email us anytime: info@fastarfunding.com
How do I get my funds?
What about my invoices? How do they get paid?
That's where our premiere services benefit your company beyond the capital you receive. We will help manage your accounts receivable and your all-important credit risk. You can focus on the business of your company while we handle the invoice mailing and the tracking of payments.
Your customers will make payments directly to us. Our exceptional customer service representatives and the sophisticated technology we employ will save your company time and money. Our system provides automated email updates (with copies of scanned checks) as soon as customer payments are applied to your account. Also, Fast A/R Funding offers unique accounting integration software to promote efficiency and avoid dual data entry.
My particular industry is not included in your list. Can I still receive your factoring services?
Factoring is used in all types of industries. Our ever-expanding roster of clients includes many industries not listed on our website. Please call us at 888-833-2286. You can also email us at info@fastarfunding.com
My business location is not included on your website list. Am I still eligible to apply for your services?
Absolutely. Qualifying business are welcome to apply no matter where you are located. The website is constantly being updated with new locations and industries. For your convenience, you can apply or call us at 888-833-2286.
For more information, you can also email us at info@fastarfunding.com, check out our Glossary of important terms, or click the button below to receive our FREE Factoring 101 Guide.
