Our Working Capital Programs
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Why Do Companies Factor?
The most common thread among companies that factor is that they are, at the moment, non-bankable. In order to become bankable, a company must understand and be able to comply with the bank's lending criteria. Frequently, this can take a significant amount of time.
Time and timing are critical issues to business owners. A factoring relationship solves this timing problem by providing the needed capital NOW.
How Does Factoring Work?
In a factoring program, a company sells its accounts receivable to a factor to secure immediate capital that will enable the company to: Expand its Operations, Meet Payroll, Replenish Inventory and meet other near- term Obligations in a timely manner. Factoring provides the cash flow to:
- Grow your Business
- Capture market share
- Generate more sales and profits
- Negotiate better terms and prices from your suppliers
- Save on the cost of credit investigation
- Save on the cost of collections
- Take cash discounts on your purchases
- Possibly eliminate your own cash discount
Why Wait 30, 60, Or 90 Days For Your Clients To Pay You?
We can arrange for a factoring company to purchase your A/R and advance you up to 95% of their value 24 hours after setting up your account with us!
Learn more about factoring
