Over the past few years there has been a lot of talk about Micro Lending and Micro Finance. These are financial tools that allow people and businesses in the developing world to obtain small loans at reasonable interest rates that allow them to purchase assets that can be sold at a profit allowing them to repay the principal and interest.
We developed Fast A/R Funding in a way that allows the firm to give small businesses in the United States access to capital that they would otherwise be excluded from because of there small size.
In the financial turmoil of the past few years it became obvious to our firm that the American small business man would need financing like never before. The challenge was how we could build a firm that allowed us to keep expenses low enough that we could supply this type of micro-factoring and still make money.
We accomplished this by leveraging technology that has not been adopted by the financing community. The result is a financing system that allows business with as little as $50,000 dollars a year in revenue to finance their receivables. Not not only can firms of this small size have a factoring facility but they are able to sell accounts receivable at rates that used to only be available to much larger firms.
If you would like more information about our micro-factoring programs please fill out the form above and to the right and one of our account professionals will contact you ASAP.