Flexible Accounts Receivable Financing
Accounts Receivable Financing is an excellent way to obtain funds quickly without having to incur more debt. Also known as factoring, this type of program allows you to sell your accounts receivables invoices at a discount, allowing you to boost your business. This is an excellent program if you provide goods or services that customers pay for in up to 90 days.
General Advantages
This program basically involves outsourcing your accounts receivable department, meaning that you can obtain a number of benefits. For one, this financing is based on the credit of your customers rather than the credit of your organization, making it a good choice for start-ups or even companies that are losing money. Rather than increasing your debt, you’re leveraging your assets.
Our Benefits
There are more advantages to financing receivables which are unique to our program. For example, qualifying accounts can receive free credit insurance, and we can offer you cash in as little as 24 hours. Other potential advantage include:
- No fixed payments
- No loan board decisions
- Increased funding with increased sales
This capital might be used to handle unexpected orders, to cover expansion costs, to cope with seasonal demands, and to help with operating costs such as payroll or inventory. Plus, you can take on new and larger orders with confidence. Contact us today to learn more.