The secret is out! Businesses large and small alike have found the overwhelming benefits of Accounts Receivable Factoring. Accounts Receivable Factoring, or “factoring”, is a form of asset based lending that can boost a company’s short term cash flow. It is not a loan; no debt is assumed by factoring, and the funds are unrestricted. Companies from large 500 Fortune Companies to small businesses averaging only a few employees make up the growing number who have had successful experiences with Accounts Receivable Factoring. These businesses have found that being able to pay off debt, purchase new technology, increase business growth by leaps and bounds, make payroll – virtually anything related to their business – has allowed for business opportunities in areas once thought weren’t possible to become increasingly attainable.
When a business owner considers the need for a loan, many times the initial thought process begins something like this: “I need money for ____. How much do I need? How fast do I need it? Can I qualify for the amount I need? Do I want to go through the process of finding out if I’m even approved, little less the time it takes to actually get the money? How much is it going to cost me?”
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!
Factoring Services: Not Just Cash
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