A Simple Solution to Your Cash Flow Problems!
More and more, companies in almost every industry are
discovering the fast, convenient solution to their cash flow needs
in factoring.
We Buy:
- Accounts Receivable
- Invoices
- Purchase Orders
- Letters of Credit
The Cash Factor
Converting accounts receivable into cash on hand is quickly
becoming one of the preferred ways to provide immediate cash flow
for your business. This simple process is called factoring. You
sell your accounts receivable to an investment company called a
factor and receive cash immediately, while the factor collects the
invoices owed to you. With factoring, you retain complete control
and ownership of your company, and you get the cash you need.
A Profit Tool
Factoring gives you a valuable business management technique.
You get the cash you need now to:
- Meet current expenses including payroll and operating costs
- Purchase additional inventory to increase sales volume and,
ultimately, profits
- Fund expansion and growth plans
- Take advantage of early payment discounts offered by your
suppliers
- Respond immediately to seasonal demands and opportunities
A No Debt Solution
Unlike borrowing money to meet cash flow needs, factoring does
not create debt. "Getting a loan" increases your
ultimate expenses by the amount of interest, and reduces the
bottom-line value of your company. Loans also require collateral
limited by your hard assets. Factoring is NOT a loan, so there is
no debt to repay. Your balance sheet is more attractive and your
financial position is strengthened.
A Simple Process
The factoring process is straightforward and uncomplicated. The
first step is a basic review of your accounts receivable. After
the initial paperwork is complete, we activate our national
network of factors, searching for the best possible match. Once
approved, most companies receive their cash within 48 hours.
Where are the Banks Sending the Borrowers?
To FACTORS...where your credit is as good as your customers.
You can offer goods or services on credit terms of 30 days or more
and still get paid as soon as you send out your invoices. You can
receive immediate cash by selling us your accounts receivable. As
a business person, you've long recognized the value of your
accounts receivable. Although it represents security, it falls
critically short of being "money in the bank"...when it
comes time to finance new orders.
Contact us for your customized quote.
Because each company is different, we will fit your company
with the appropriate funding source.
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