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If your business is unable to obtain bank financing but generates quality accounts receivables, our receivable factoring services can be an ideal temporary solution to solve your day-to-day working capital needs. Delivered promptly, professionally and most important confidentially.
Accessing factoring services simply requires a business to be providing goods or services to other creditworthy businesses on terms.
Receivable factoring is a commonly used form of funding where a business utilizes its slow paying invoices to obtain immediate working capital.
Regardless of your current financial condition, personal credit history, or time in business, you can quickly and easily access your money/funds tied up in unpaid invoices within 24 hours without the usual red tape associated with bank financing. Factoring companies give a growing business tremendous advantages over traditional bank loans, private investors or friends and family.
When you are factoring receivables, you are basically getting cash advances against the face values of your outstanding invoices. The only deduction that comes out of your money is the fee charged by the factoring company. The rest of the money is deposited directly into your bank account, and much of it is deposited within a few hours of approving the invoice.
The great thing about receivable factoring is that there is no need for you to have great credit. The really important decisions in an accounts receivable factoring transaction are based on the credit strength of your client base. No matter how bad things seem to be going for your company, as long as you have outstanding receivables with creditworthy clients, then you have the cash flow you need to do business.
Now let's look at the situations where you would need a receivable factoring company.
A Start-Up With Weak Cash Flow
When an entrepreneur decides to make the big move and start a company, they will usually secure enough funds for the first six months of operations. After that start-up money runs out, there better be cash flow from customers paying their bills or else the new company is in trouble. More often than not, the new company runs the risk of going out of business.
A bank won't help in this situation because of the start-ups inconsequential credit history. Instead of worrying about how you will keep your start-up afloat, you just need to gather up your outstanding receivables and give our factoring company a call.
Companies With Bad Credit
In the business world, bad credit is like a snowball rolling down a snowy mountainside. By the time it reaches the bottom, it is an unstoppable boulder of ice and snow. When your company has bad credit, the banks are usually unwilling to lend you the money you need to keep going. That is when you get involved in invoice factoring and let your outstanding receivables pave the way to success.
Growth Is Outpacing Cash Flow
Your company has toiled for years and now you are finally seeing significant financial growth. Things are so great that the orders you are getting are outpacing the money that is coming in. A bank can make this a big problem by refusing to lend you money due to your tenuous cash position. But a receivable factoring company will get you the cash you need and help to keep that cash rolling in, just as long as you have outstanding invoices being generated.
Companies That Are Just Recovering From Financial Issues
If your company has just come out of bankruptcy or has tax liens hanging over like a storm cloud, then it will be impossible to get operating cash from a bank. But a factoring company can take your invoiced sales and help your company to get back on its feet.
A receivable factoring company is the kind of financial partner you need when it feels like you have no other options. Remember that to a factoring company, the strength of your organization is in the invoiced sales that you have worked so hard to generate.
Step One: Speak with a Decision Maker Immediately
Step Two: Accessing Your Funding is simple and straightforward
Step Three: Customer Payments & Reporting
Take the next Step and Grow Your Business. Talking with a Decision Maker can make all the difference to solving cash flow problems professionally. Take a minute to complete the Factoring Quote Form and realize the difference in working with a decision maker.
Article Author: Marc J. Marin