Press Release: Factoring Invoices an Alternative For Business Loan Seekers
(For immediate release) Miami, Florida – Business owners have always known that as far a business financing goes, getting a business loan will always be tough. But business owners now have an alternative that may be better – factoring their invoices.
Are you a business owner who has to wait 30, 60 or even 90 days to get paid by your clients? If so, invoice factoring may be the best solution for your business. Factoring eliminates the waiting period and gets your invoices paid in as little as one business day. This provides you with the financing to pay employees, rent and suppliers.
“Receivable factoring is an ideal product for small and medium sized businesses that need working capital,” said Marco Terry, president of Commercial Capital LLC. “it allows businesses to pay bills and leverage new opportunities”
The factoring proposition is actually quite simple. It works in three steps:
- You deliver services to your customer and generate an invoice
- You sell the invoice to the factoring company, who advances you money
- The transaction is settled as soon as the invoice is paid by your client
Accounts receivable factoring (as factoring is often called) is easy to obtain. The biggest requirement is that you have good paying customers and run a reasonable business. And, as opposed to business loans, it can be set up in days.
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