Invoice Finance - FAQ's
Fast A/R Funding is a factoring service dedicated to providing reliable, secure invoice factoring utilizing the best and latest technology available. Created by an innovative group of experienced, professional accounts receivable lenders, Fast A/R Funding knows the financial challenges facing today's small businesses.
With decades of proven success in their fields, our executive management team has the knowledge, experience and expertise to help you stabilize and grow your cash flow with smart invoice finance.
Our owners are a group of highly successful entrepreneurs who provide our funding and have set the goal for Fast A/R Funding to be the best invoice factoring firm, bar none.
With decades of proven success in their fields, our executive management team has the knowledge, experience and expertise to help you stabilize and grow your cash flow with smart invoice finance.
Our owners are a group of highly successful entrepreneurs who provide our funding and have set the goal for Fast A/R Funding to be the best invoice factoring firm, bar none.
What is accounts receivable factoring?
Accounts receivable factoring, or A/R Finance, is an innovative way of providing financial assistance to small businesses. Invoice finance involves the cooperation of three parties: a small business, their customers and a factoring company like Fast A/R Funding.
Here's how it works: The "factor", the factoring company, purchases outstanding invoices from the small business, which provides quick access to funds that might have taken the business much longer to collect. The factor also helps in the management of the business' credit risk and the management of the accounts receivable.
Basically, nothing. They are all one and the same and may even be referred to as accounts receivable financing, invoice discounting, invoice finance or single invoice financing. The results is the same; the business gets a faster resolution to outstanding invoices which means more funds to work with. There are lots of differences between Factoring Companies and you should do your homework before choosing one.
How is invoice finance any different than a business loan?
Invoice finance is not a loan. A factoring company purchase your outstanding invoices for as high as 95% of their face value and provide your business with funds it can access quickly. That operating capital is usually available to you within 48 hours. A business loan can be difficult to obtain for a variety of reasons and typically takes much longer to secure.
The additional benefit is that a factoring company can help collect that outstanding invoice and help you in the management of your credit risk and your accounts receivable. No bank loan will do that for you!
How do I know if your invoice financing services would benefit my business?
Ask yourself these four questions:
• Could my business use more operating funds, quickly?
• Does my business need funds to grow?
• Would I like to minimize my company's credit risk?
• Is my business unqualified to apply for a traditional small business loan?
If you can answer "yes" to any or all of those questions, Fast A/R Funding may very well benefit your small business and provide an enormous boost to your company's financial situation.
Does my company qualify for Fast A/R Funding's invoice finance services?
Considering the benefits your company will receive, qualifying for Fast A/R Funding's services is easier than you might think! If your business:
• Provides services or goods to creditworthy U.S. customers with net 30, 60
or 90 day terms;
• And has annual sales between the $250,000 and $5,000,000 range,
you likely qualify!
If you still have questions, call 888-833-2286. Our professional A/R Factoring experts are at your service! Or, you can email us anytime: info@fastarfunding.com
How do I get my funds?
Fast A/R Funding utilizes cutting-edge technology for fast processing without the need for paperwork or check-mailing. Once the transaction is approved, your funds will be wire-transferred to your preferred bank.
What about my invoices? How do they get paid?
That's where our premiere services benefit your company beyond the capital you receive. We will help manage your accounts receivable and your all-important credit risk. You can focus on the business of your company while we handle the invoice mailing and the tracking of payments.
Your customers will make payments directly to us. Our exceptional customer service representatives and the sophisticated technology we employ will save your company time and money. Our system provides automated email updates (with copies of scanned checks) as soon as customer payments are applied to your account. Also, Fast A/R Funding offers unique accounting integration software to promote efficiency and avoid dual data entry.
My particular industry is not included in your list. Can I still receive your factoring services?
Factoring is used in all types of industries. Our ever-expanding roster of clients includes many industries not listed on our website. Please call us at 888-833-2286. You can also email us at info@fastarfunding.com
My business location is not included on your website list. Am I still eligible to apply for your services?
Absolutely. Qualifying business are welcome to apply no matter where you are located. The website is constantly being updated with new locations and industries. For your convenience, you can apply or call us at 888-833-2286.
For more information, you can also email us at info@fastarfunding.com, check out our Glossary of important terms, or click the button below to receive our FREE Factoring 101 Guide.
What about my invoices? How do they get paid?
That's where our premiere services benefit your company beyond the capital you receive. We will help manage your accounts receivable and your all-important credit risk. You can focus on the business of your company while we handle the invoice mailing and the tracking of payments.
Your customers will make payments directly to us. Our exceptional customer service representatives and the sophisticated technology we employ will save your company time and money. Our system provides automated email updates (with copies of scanned checks) as soon as customer payments are applied to your account. Also, Fast A/R Funding offers unique accounting integration software to promote efficiency and avoid dual data entry.
My particular industry is not included in your list. Can I still receive your factoring services?
Factoring is used in all types of industries. Our ever-expanding roster of clients includes many industries not listed on our website. Please call us at 888-833-2286. You can also email us at info@fastarfunding.com
My business location is not included on your website list. Am I still eligible to apply for your services?
Absolutely. Qualifying business are welcome to apply no matter where you are located. The website is constantly being updated with new locations and industries. For your convenience, you can apply or call us at 888-833-2286.
For more information, you can also email us at info@fastarfunding.com, check out our Glossary of important terms, or click the button below to receive our FREE Factoring 101 Guide.
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Tags: Invoice Factoring
Invoice factoring is a way to make use of the company’s accounts receivables now, rather than waiting until customers remit payments. Businesses use factoring for a number of reasons, ranging from paying debt now rather than later to using the advance payments from the factoring to fund a project. Here are some examples of how invoice factoring helps to grow your business.
Reduce Debt
Since factoring the invoices for an accounting period means money now rather than later, there are funds available to pay creditors on or before the due dates. This translates into avoiding late fees and other penalties that add to company debt.
Increase Cash Flow
Obtaining most of the receivables in a lump sum means there’s money to work with now, especially in relation to day to day operating expenses. Essentials like meeting a payroll or buying a new computer can be managed out of that cash flow, keeping operating expenses in check without using up a line of credit that is intended for funding an expansion project.
Launch a New Product
A portion of the proceeds from invoice factoring can be set aside for product development and launch. This pay as you go approach means that when sales begin to generate on that new product, there is not a lot of expense hanging out there to gobble up the revenue stream. As a result, the company can afford to allocate some of the profits to other ventures, such as securing investments or expanding the production facility to accommodate the growing customer demand.
Fund an Advertising Campaign
Invoice factoring provides funds today that can be funneled into publicizing the company using all sorts of media. The funds can be utilized to buy air time on television and radio spots, design and launch online advertising in the way of banner ads or setting up splash pages, or any other advertising strategy that is likely to resonate with the target market.
Selecting the right partner for the invoice factoring is very important. Make sure you understand how much of the face value of the invoices will be advanced, the amount that is kept as the fee for providing the funding, and how much is paid once all the invoices in the batch are settled. Also look into the collection processes used by the partner, including the specifics for receiving payments on factored invoices and how delinquent clients are managed.
Reduce Debt
Since factoring the invoices for an accounting period means money now rather than later, there are funds available to pay creditors on or before the due dates. This translates into avoiding late fees and other penalties that add to company debt.
Increase Cash Flow
Obtaining most of the receivables in a lump sum means there’s money to work with now, especially in relation to day to day operating expenses. Essentials like meeting a payroll or buying a new computer can be managed out of that cash flow, keeping operating expenses in check without using up a line of credit that is intended for funding an expansion project.
Launch a New Product
A portion of the proceeds from invoice factoring can be set aside for product development and launch. This pay as you go approach means that when sales begin to generate on that new product, there is not a lot of expense hanging out there to gobble up the revenue stream. As a result, the company can afford to allocate some of the profits to other ventures, such as securing investments or expanding the production facility to accommodate the growing customer demand.
Fund an Advertising Campaign
Invoice factoring provides funds today that can be funneled into publicizing the company using all sorts of media. The funds can be utilized to buy air time on television and radio spots, design and launch online advertising in the way of banner ads or setting up splash pages, or any other advertising strategy that is likely to resonate with the target market.
Selecting the right partner for the invoice factoring is very important. Make sure you understand how much of the face value of the invoices will be advanced, the amount that is kept as the fee for providing the funding, and how much is paid once all the invoices in the batch are settled. Also look into the collection processes used by the partner, including the specifics for receiving payments on factored invoices and how delinquent clients are managed.
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Tags: Invoice Factoring
Fast A/R Funding is a finance company that focuses on financing small businesses through a process called Invoice Discounting, or Invoice Factoring.
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Tags: Invoice Factoring
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Tags: Invoice Factoring
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Tags: Invoice Factoring
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According to Wikipedia The Receivables Exchange is an online marketplace where businesses sell their accounts receivable to accredited investors in real-time auctions, accessing capital in as little as 2 business days, on flexible terms. It is claimed to eliminate many of the constraints of traditional financing.
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Tags: Invoice Factoring
