Factoring your receivables provides for your company to have the cash it needs
today rather than waiting over 30 days to receive payment from your client. Money
provided by factoring your receivables can be used for whatever your company
needs, such as:
o Pay Creditors
o Pay Payrolls
o Pay Taxes
o Take discounts on merchandise purchases
The money is cash without borrowing. Funds are available immediately upon
presentation of invoices and backup documentation. You won't need to go to the
bank and re-negotiate a loan every time you need money. The amount of cash
available is directly related to your company's monthly sales volume. Bookkeeping is
simplified and factoring your receivables eliminates you from being both the
supplier and collector. Factoring your receivables will save you time and increase
your ability to service more clients.
today rather than waiting over 30 days to receive payment from your client. Money
provided by factoring your receivables can be used for whatever your company
needs, such as:
o Pay Creditors
o Pay Payrolls
o Pay Taxes
o Take discounts on merchandise purchases
The money is cash without borrowing. Funds are available immediately upon
presentation of invoices and backup documentation. You won't need to go to the
bank and re-negotiate a loan every time you need money. The amount of cash
available is directly related to your company's monthly sales volume. Bookkeeping is
simplified and factoring your receivables eliminates you from being both the
supplier and collector. Factoring your receivables will save you time and increase
your ability to service more clients.
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