Save Money With An Accounts Receivable Loan From Fast A/R Funding!

Posted by matthew begley on Thu, Aug 11, 2011

Business is picking up around the country, and companies areaccounts receivable loan, factoring firm, factor facility preparing to meet the increased demand of a recovering economy. Still, the recession has small business owners cautious, and reasonably so. Thus, the question becomes, “How do I fund my small business to poise myself for growth while being fiscally conservative?” The answer is easy: try selling accounts receivable with Fast A/R Funding.

Fast A/R Funding offers accounts receivable factoring services (also called “commercial finance factoring”) to small businesses with creditworthy customers in the U.S. every day. Not only does Fast A/R Funding provide small business financing, we do it without putting your company in debt, and we save you time, money, and resources while we do it.

When you choose a factoring facility with Fast A/R Funding, you apply in just minutes, using our secure, paperless online application system. We typically provide approvals in just 24 hours and funding in as little as two days. We then help collect on your outstanding invoices and manage your accounts receivable and credit risk. This is where the real money savings come in.

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When Fast A/R Funding provides invoice factoring services to your small business, you have access to the tools and systems of a much larger corporation. That means we use advanced screening techniques to help you decide how much credit to extend to customers and which customers would be better dealt with on an up-front payment basis. In this way, we help reduce your credit risk and save you money.

We also handle all of your invoicing. That means you get to reallocate your staff to tasks relevant to your core competencies while we do all the billing. And because Fast A/R Funding uses an entirely electronic invoicing system, our processes are secure and environmentally responsible. Consider how much your company spends on the staff, paper, envelopes, ink, postage, and energy it takes to bill, re-bill, and send collections letters every month. All of those costs are erased with Fast A/R Funding’s invoice factoring services. And, of course, with Fast A/R Funding receiving electronic payments on your company’s invoices, you no longer need an employee to open, sort, and process incoming checks.

Lastly, there’s the simple fact that your company has payment for its invoices just days after they’re generated. Having access to those funds right away as opposed to waiting 30 to 90 days for customers’ payments means you are better able to budget, plan, and allot funds for your small business.

In addition, because your money isn’t tied up in accounts receivable for months, you are able to take advantage of other opportunities to save such as the “2/10, net-30” or “early pay discount” offered by some vendors. Using such discounts by paying vendors right away can give your business the ability to save approximately 2% on overhead costs. For most small businesses, that savings really adds up. In fact, some companies take factoring a step further by factoring all of their invoices and, when feasible, incorporating the factoring costs into their customer pricing.

Fast A/R Funding is the industry leader in online accounts receivable factoring services for small business financing. Contact us today at info@fastarfunding.com or call 1.888.833.2286 for more information, and let us show you how Fast A/R Funding is doing business better.

Disclaimer: The information presented above is general and intended for educational purposes only. It is not a substitute for practical legal or accounting advice on any specific situation.

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Tags: Business Loans