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.

Finding a factoring facility can be a daunting task. If you’ve never factored before, you’re going to hear terms and numbers and calculations that sound completely foreign. While a good factoring company should be able to explain everything in a way that makes sense, there’s one piece of the puzzle that you should have a very clear understanding of – the invoice factoring rates.

Factoring is a great tool for small and mid-size businesses. Companies across practically all industries use factoring to provide cash flow for their business. More than $2 trillion dollars was factored last year. This isn’t some small-time business loan. Factoring is a major piece of the global economy.

Taking an advance against your invoice(s) creates cash flow for your business. Factoring is a tool that many business owners use to expedite growth and smooth out cash crunches, among a variety of other reasons!

The Questions

If you’re brand new to factoring, like a large percentage of our applicants and it hasn’t occurred to you yet, I promise you’re going to want to know the answer to the two following questions

1. What happens when one of your customers can’t pay on an invoice you’ve sold to a factoring company?
2. What happens when your customer won’t pay an invoice you’ve sold to a factoring company?

Factoring Agreement: Understand Before You Sign

Recourse vs. Non- Recourse Factoring – What’s the difference?

Cash flow financing is a great way to provide business funding. It fills the gap between the time you invoice and the time that you collect payment. This gap is what causes so many problems for business owners.

Cash flow financing allows you to buy materials for the next job, make payroll and pay your bills without worrying if your customer really put the check in the mail last Friday. It gives your business flexibility and agility while relieving your stress as a business owner.