Press Release: Invoice Factoring Providing Working Capital to Businesses
(PRLEAP.COM) Miami, Florida – Paying suppliers and employees on time just got easier, thanks to invoice factoring, a business financing tool. Many commercial and government clients take up to 60 days to pay their invoices, creating cash flow problems to their suppliers. Invoice factoring provides financing based on slow paying invoices, giving businesses the necessary funds to meet expenses and grow.
“Bank financing is really not an option for many businesses,” said Marco Terry, president of Commercial Capital LLC. “Banks have such stringent requirements that few small or mid sized businesses can actually qualify for a business loan. Invoice factoring provides businesses with a viable financing alternative that is easy to obtain and can be set up in days.”
Receivable factoring allows companies to accelerate their slow paying invoices, providing them with liquidity to finance operations and growth. The factoring company does not lend money, but actually purchases the client’s invoices at a discount. The factoring company provides the client with upfront money, while they wait to get paid by the end customer.
Although factoring has been around for a long time, it’s been gaining notoriety lately, as the supply of business financing has tightened. It has been a lifesaver to most businesses, staffing agencies and trucking companies, which have constant ongoing expenses and clients that usually pay in 30 to 60 days.
Return to the press release area. Go to the freight bill factoring release.
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