So far the month of September has been great for Fast A/R Funding. We were able to close five new accounts receivable financing loans. For the purposes of this article one transaction typifies how our system works. In the course of under a week we were able to close a new accounts receivable financing loan to a client in the trucking industry. Factoring is nothing unusual in the trucking industry. What is different is the process that we use to get our clients funded as quickly and efficiently as possible.
We had a prospective client contact us because their business was growing at a pace that their cash flow could no longer support. They had spoken with several of our competitors that either had a very paper intensive process or required lenghthy contract terms that our client was hesitant to sign without having any experience with the finance providers in question. Because or system was built to eliminate most, if not all of the paperwork associated with a traditional factoring facility we are able to provide accounts receivable financing loan facilities without tying our clients to long term contracts. The bottom line is that we know how much work it is to establish a new financing arrangement and as long as we provide a good product we shouldn't have to worry about our clients leaving.
As long as we provide a great product we arent worried about our clients leaving for better options.
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