Accounts Receivable Factoring

Accounts Receivable Factoring is a useful financial tool especially for growing businesses that are short on working capital because of the time lag between performing their services and the customer paying the invoice. Most businesses need to make payroll as well as other expenses associated with their services but have to wait 30 to 60 to 90 days to get paid for their services.

Accounts Receivable Financing (factoring) is the simply the sale of your accounts receivables. You can sell one invoice or all of them. The lender is buying the debt from your company and, after establishing your account, the funds are in your bank in 24 hours.

Here are some other advantages of factoring. No personal guarantee is required. No recourse even if the account does not pay, the lender owns the debt and the risk. Finance any type of business including construction. Funding increases as business increases ? you can safely expand your business without worrying about running out of working capital.

Please contact us today about Accounts Receivable Factoring and we will forward you an application or, if you prefer, we will contact you with all the details.