accounts receivable

Every year, tens of thousands of company owners across many industries discover the benefits that come with factoring their receivables. Below are a few ways that business owners can benefit from factoring their accounts receivables.

  1. Fast payment on your accounts receivable
    You will get paid within 24 hours of submitting a qualified, approved invoice to the factoring company for the work that you have completed. Just think: no more waiting 30, 60, or even 90 days to get paid.
  2. Professional collections services
    When you turn over your invoices to a factoring company, you also turn over the work and challenges associated with the collections process. Let a professional collections team take this on, so you can focus on other important tasks.
  3. Unlimited potential for capital
    While bank loans are limited by the established loan amount, factoring is a source of financing that grows alongside your sales. As sales increase and your receivables grow, you have an immediate increase in working capital available for you to use. Factoring helps you meet those unexpected increases in demand.
  4. Savings with volume and early payment discounts
    Many suppliers offer early payment discounts or quantity discounts. With improved cash flow, you will be in a position to take advantage of these savings opportunities which will directly affect your bottom line.
  5. A non-debt solution
    You won’t be incurring any debt when you partner with a factoring company. Unlike a bank loan, you are not borrowing money, but simply getting paid promptly on work you have finished. This keeps your balance sheet in a good state, making it easier to obtain other types of financing, or make other investments.
  6. Easy and fast application process
    Applying to a factoring company is straightforward and the approval process is faster than applying for most bank loans. You will not need to meet rigorous credit checks or put up collateral to qualify.
  7. Free credit screening
    Factoring companies continually check the creditworthiness of your customers and potential customers, which can help you make better decisions and can protect you against loss.

Factoring companies offer all these benefits when you tap into your accounts receivable and much more. Want to learn how to transform your accounts receivable into working capital for your business?

Get an Instant Factoring Rate Quote

Summary

Seven Benefits of Factoring Receivables

What would it mean to YOU if you could get paid RIGHT NOW on all your company’s unpaid invoices?

When you factor your accounts receivable, you’ll get paid right away – no waiting weeks and months for customers to pay.

Use the cash for bills, payroll, expansion – whatever you need.

Here’s a quick look at just seven ways you can benefit from factoring your invoices:

  1. Fast payment on your accounts receivable
  2. Professional collections services
  3. Unlimited potential for capital
  4. Savings with volume and early payment discounts
  5. A non-debt solution
  6. Easy and fast application process
  7. Free credit screening

When you’re ready to enjoy the time-saving and money-saving benefits of accounts receivable factoring, get a free cash flow assessment and a breakdown of how your business can benefit from invoice factoring.

Get an Instant Factoring Rate Quote

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