Factoring companies, also known as accounts receivable financing companies, are financial companies that purchase outstanding invoices from businesses looking to raise quick capital. These funding companies provide businesses of all shapes and size the ability to get the cash they need without going into debt. They do this by purchasing outstanding invoices, both current and past due, from businesses in exchange for a cash advance. In most cases, these transactions can be closed in as little as 72 hours by the best factoring companies, meaning that they can provide funding to companies faster than any other financing vehicle available in the marketplace today.
The Best Factoring Companies Nurture Relationships
What’s more is that they provide a valuable service to small businesses that do not have the resources to collect defaulted invoices from their customers. Rather than spending the time, money, and effort trying to collect these invoices themselves and potentially damaging the relationship they have with their customers, they can simply sell the invoice to factoring companies and focus their attention on the more important tasks of running their business. The best factoring companies will protect and nurture your relationship with existing clients as they realize those customers keep you in businesses.
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.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]