What is accounts receivable factoring?

Factoring is the purchase of accounts receivable at a discount for cash. The process is simple, fast and does not create debt. Accounts are usually funded within 48 hrs. Factoring receivable invoices is the sale of an asset - your invoice.

A factor will purchase your invoices for up to 90% of the total amount. You get your cash now and the factor takes on the risk of collecting the payments from your customers. The creditworthiness of your customers is very important if you want to get a good rate from a factor. Accounts are usually funded within 48 hrs.

What are my specific advantages?

• Immediate cash with no waiting and without incurring new debt: You receive quick payment following invoicing
• To factor, your business credit rating is not an issue because you are not borrowing money
• Efficient handling of all your invoicing and data entry
• Relief from the responsibility for collecting no-pay and slow-pay clients
• You have expanded growth capacity through increased production
  and total sales
• Ability to take advantage of vendor discounts 

What types of Businesses do we service?

Trucking                                               Manufacturing

Staffing                                                 Construction

Import-Export Factoring                       Medical

Seafood                                                 And much more….

By completing our fast online application you can find out if factoring makes sense within one business day.