Factoring Receivables Companies

Receivable factoring companies offer businesses an alternative to traditional commercial financing. Receivable factoring companies purchase open invoices and provide a large advance, giving these businesses the opportunity to secure the funding they need to expand their businesses, purchase additional raw materials, simply cover day to day operating expenses. Because this is not a loan, there is no repayment obligation nor is there any debt to record in the financial statements. Here’s how it works: Companies in need of funds contact accounts receivable factoring companies and offer open invoices in their A/R portfolio for sale. The receivable factoring company makes an offer for the advance rate and the factoring rate, if accepted, the transaction closes with the invoices being transferred to the receivable factoring company and the funds being transferred to the business. The process can take as little as 48 hours to complete, much faster than traditional bank loans and other financing products.

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Factoring of Receivables

Factoring of receivables refers to the process of selling your open invoices for cash. Accounts receivable financing companies, otherwise known as factors, evaluate your invoices and assign them a value based on the creditworthiness of your customers, not your business. They will make you an offer and, if you accept, will close the transaction and forward you the money in days rather than the weeks it takes to undergo a loan approval process.

Click here to read more about the benefits of factoring companies.

To find out how you can gain access to this fast cash flow solution call us at 1-800-405-6035 or click here to submit a rate form and one of our Business Development professionals will follow-up with you.

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Press Releases

Financially Fit Businesses in 60 Days or Less

Spokane, WA (May 16, 2016) – Companies get financially fit by using the services of an invoice factoring company. Universal Funding Corporation provided working capital funding for five new clients in April. Over the course of the next year, these new clients... read more

Growing Companies Get Financing from Factoring Company

Universal Funding Corporation releases early numbers for new clients served in the first quarter of 2016. Highlights include: $12 million factoring facility for a distributor in New Jersey $2.4 million factoring facility for a car service in Arizona $1.2 million... read more

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Let Your Factoring Company Analyze Risk

In order to remain competitive in your industry, you’ve probably considered extending credit terms to your customers. Maybe you already offer payment terms to customers in good standing. When your customers pay on time, all is good, but what happens if they don’t pay... read more

Financing that Grows With Your Business

This success story comes from a green minded company that specializes in e-waste recycling where they clear data on electronic devices for other businesses. The client started using Universal Funding’s invoice factoring services in 2015. Their initial factoring line... read more

Universal Funding Corporation
PO Box 13115
Spokane, WA 99213

800.405.6035

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