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Accounts Receivables Factoring Benefits
Traditional Benefits when Bank Financing is unavailable: |
- Meet current expenses, including payroll, taxes and other operating costs.
- Receive up to 80% of the invoice value immediately
- Purchase additional inventory to increase sales volume and, ultimately, profits.
- Fund expansion and growth plans.
- Take advantage of early payment discounts offered by your suppliers.
- Eliminate the necessity of offering early payment discounts to your customers
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Additional Benefits not provided by most other financing options: |
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- Factoring is relatively easy, fast, and free of lengthy application forms.
- Generally, the principals of the company do not have to personally guarantee the repayment of the funding.
- Retain control of the equity in your company.
- Procure invaluable credit screening of potential customers.
- Gives you the ability to offer better credit terms to your customers.
- Acquire ongoing professional credit monitoring of existing customers.
- Early detection of customer service problems.
- Guarantees payments on shipments to qualified customer debtors.
- Respond immediately to seasonal demands and opportunities.
- Free up time to concentrate on marketing and expanding your business, rather than collecting from Payors.
- Strengthens financial statement and improves credit rating when used to eliminate debt.
- Reduce expenses associated with the Accounts Receivable Department.
- Receive detailed management reports of accounts receivable collections.
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