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Factoring

You value your clients. Trouble is, sometimes they take a while to pay. If you want to get a jump on accounts receivable, try factoring. You’ll get paid today while still giving your clients terms that work with their schedules. Don’t wait 30 to 90 days to bring in new materials, pay staff, and handle utilities. Factor your AR now and move ahead.
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What is
Factoring?

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Factoring gives you the flexibility to manage expenses even before your clients pay you.

In some industries, you could be waiting up to 90 days for a client to remit payment on an invoice. But with factoring, you can get the money now. Factoring works with invoices, purchase orders, contracts, and other AR.

Factoring works like this:

You sell your AR to a company called a “factor.” The factor gives you a percentage of the AR’s value now. Then, they collect directly from your client when they’re ready to pay. Once they recoup their costs and a small factoring fee, they send the remainder to you. You don’t have to worry about collecting or managing the invoice.

Factor one large purchase order or several smaller invoices together.

Once you’re set up with a factor, it’s easy to upload new contracts and invoices to sell. As long as your clients have a record of paying in full and on time, you won’t need to worry about a thing. Factoring is not a loan, so you won’t add debt to your company’s balance sheet. Ask us how factoring can help you to get paid today, not tomorrow.

Growth

Manage unexpected growth by getting the money to pay for supplies and materials for new orders right away. You’ll impress your clients with faster order fulfillment and deliveries, instead of waiting for the funds to come in from your AR first. Avoid bottlenecks and get business done faster with factoring.
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Startups

If you’re just starting your business journey, it might be hard to find funding for special projects. With factoring, you don’t need a long credit history to qualify. As long as your clients have good commercial credit, you can find a factor to purchase your AR. It’s even easier if you work with government clients.
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Surprises

No matter how well-prepared we are, there will always be expenses we didn’t see coming. Accidents, weather damage, and health crises can all surprise us with unexpected costs. Factoring is a fast way to get the cash we need without the burden of more debt. Manage unwelcome surprises now and leave collecting up to the factor.
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What Are The
Advatanges

No waiting for slow-paying clients.

You don’t need good credit to qualify.

Use as often as you need cash.

Low financing fees.

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F.A.Q.’s

Q. How much money can I get by factoring?
The answer depends on the account you’re looking to sell and the factor that buys it. In many cases, you can get up to 90% of the value of your accounts receivable right away. When the client pays the factor, they send the remaining 10% to you, minus their fee. Let us match you up with the right factor today.
Q. What happens if my client doesn’t pay?
If your client refuses to pay or requests a refund, you will have to resolve this with the factor. In most cases, that means returning the funds they forwarded to you to pay for the account. If you’re uncertain about your clients, we can help you find working capital and term financing that works for you.
Q. Is invoice factoring a loan?
Factoring is the sale of an asset, not a loan. While there are expenses, such as the factoring fee, associated with factoring your AR, it’s not the same as a traditional loan. We’ll help make sure you understand all costs before you decide on a factor to help with your cash flow needs.
Q. When is factoring not a good fit?
Factoring only works when you have AR to sell. If you get payment from clients in advance or on delivery, you won’t have these assets. Consider a working capital line of credit, an SBA 7(a) loan, or a private term loan to get what you need. Can’t decide? Let us walk you through the options.

We help you stay in capital.

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