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.
