The process of selling your invoices, or accounts receivable financing as it is commonly referred to, is simple. The first step is to locate a factor that you are comfortable with and work out a proposal. To do this, you simply need to complete a one-page application and provide the factoring company with the invoices you wish to factor. Universal Funding Corporation takes a comprehensive approach and will evaluate your business based on our proprietary metrics in order to determine the lowest factoring rate we can provide. At this point, we will present you with our proposed offer. If you accept, the factoring transaction will proceed and the balance of funds is then transferred to your company’s bank account. It’s that easy.
Many companies who offer credit terms to their clients will set up an accounts receivable financing arrangement with a factoring company in order to provide funding for their credit invoices within days of the customer making a purchase. This procedure improves the cash flow of the company without adding debt to the bottom line. Accounts receivable financing provides funding that you can count on and helps you strengthen your position to allow you to take advantage of new opportunities.
If you are ready for one of the best factoring companies, to turn your invoices into fast cash, give Universal Funding a call today at 1-800-405-6035 or submit a rate form for a free consult on your financing options.