As a business owner, or advisor, it is important to consider various alternatives and oftentimes the most obvious path is the one pursued. Many times when a company is in need of cash flow the immediate thought is to pursue a credit line from a Bank or other financial institution. The first impression is to “get a loan” and use Accounts Receivable as collateral. This may be a possible solution; however, there may be an easier way and that is to “obtain factoring”. Let’s look at the reasons it may be easier and more efficient.
Fast A/R Funding is a well-established factoring company which has managed to retain the enjoyable customer service qualities often attributed to smaller organizations, while serving businesses of a wide variety of sizes and needs. As a result of our drive for long-term quality relationships with our clients, we provide a set of factoring services and benefits which we believe to exceed the value and benefits of the services provided by our competitors. These services go beyond simple invoice factoring or accounts receivable factoring.
Our drive for quality relationships is the very reason for the wealth of information available to prospective clients on our website and the full suite of tools available to our clients in their client portal. Such is the context for this week’s blog post and our discussion of factoring services.
Factoring Receivables: Online Process Gets you Money Faster
Receivables Factoring: Five Ways to Help your Business
When you’re running short on cash, what do you do? Sell hard, slash costs and run to the bank for a loan? Have you ever considered receivables factoring? Receivables factoring provides the same benefits as a traditional bank loan, plus so much more.
What is Factoring: Business Finance not Algebra
Factoring Company: Easy Application
Don’t put off working with a factoring company because you don’t want to take the time to apply. Obtaining a factoring facility is very straightforward. It’s quicker and requires less documentation than practically any other form of financing.
As a manager or a business owner, do you ever have times where the business’ finances keep you awake at night? Do you ever worry about making payroll on Friday? What are you going to do about that critical vendor that is demanding payment? If you haven’t experienced that at least once, then you’re a rare case in the world of small businesses.