When cash flow challenges limit your capability to control and develop your business, invoice factoring can provide unlimited growth potential to get the funding you need quickly and easily. Flexible financial tools allow you to fulfill your obligations, get your shipments out, and make the move to grow your business.
This type of financing is an asset-based funding method in which you use your receivables as collateral in exchange for cash. In essence, it is a means to accelerate cash flow by financing your open invoices without waiting out the terms.Solve Cash Flow Needs
Invoice factoring is an ideal solution for your short-term cash flow needs. It is essentially revolving credit secured by accounts receivable and inventory. You receive funds in advance of payments due from your customers with 30-, 60- or 90-day invoices, providing the capital to meet operational overhead. Funds are available for myriad purposes, such as:
- Working capital
- Trade discounts
- Pay taxes
- Meet payroll needs
- Fuel business growth
- Extend credit to customers
Speeding up the cash flow of your business with invoice factoring gives your business the financial flexibility it needs to operate and grow. Custom tailored programs meet the needs of medium to enterprise-sized commercial businesses.
Program Benefits and Highlights
Financing your accounts receivables for immediate cash allows you to receive up to a 90 percent advance of the invoice amount. This provides more versatility than traditional financing options. In addition, closing is typically within just a few weeks of submitting your application. Key highlights and benefits include:
- Quick access to cash
- Free up working capital
- Retain ownership of your business
- No collateral required
Invoice factoring may be a new concept to you, but it has been a viable funding source for years. Exploring the option may be the right choice for you, particularly if you do not want to apply for traditional lending.
If you find your business in need of improving cash flow, consider creative invoice factoring. Complete a rate form now to learn more about our simplified process to get your business the money it needs fast.