What can accounts receivable factoring do for your business?
Factoring your receivables can put your business on a solid financial footing and provide the working capital to pay suppliers, rent and employees. It eliminates the uncertainty of when you’ll get paid and provides you with consistent and predictable cash flow.
How does receivables factoring work?
Accounts receivable factoring is very easy to use and works well in any company environment. It works as follows:
- Your company provides goods / services and invoices the customer
- We provide you with an advance on your receivable. This is the 1st installment and will range between 70% and 90% (the rest is kept as reserve)
- You get the funds to pay employees, suppliers and rent
- Once the receivable is paid for, we rebate the remaining reserve, less a small fee
Click here for an instant online quote. We can offer factoring rates as low as 1.5% (based on industry, volume and location). You can also call us at toll free at (877) 300 3258.
Accounts receivable factoring is easy to obtain
Receivables factoring financing is easy to obtain and can be set up quickly. Usually you can have funds in 3 to 5 days from the time we receive an application. It can easily be obtained by startups or established companies and with no hassles. The main requirement is that you do business with customers that pay their invoices reliably in 15 to 60 days.
Receivables factoring costs
Factoring your accounts receivable can be an affordable solution to finance your business. There are two major variables that we consider when determining the cost of a factoring transaction. They are the size of the transaction and the credit quality of your customers. Larger transactions with reliable payers will usually qualify for better terms - lower costs and higher advances. Based on these criteria, receivables factoring rates range between 1.5% and 3.5% a month. If you’d like to get an instant cost estimate, please fill out factoring quote form or call us at (877) 300 3258.
Click here for an instant online quote. We can offer factoring rates as low as 1.5% (based on industry, volume and location). You can also call us at toll free at (877) 300 3258.
Need more information about receivables factoring?
If you want to learn more about accounts receivable factoring, please visit our Accounts Receivable Factoring Resource Center. It is full of informative articles.
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