The factoring company provides the infrastructure that allows for the processing of our clients accounts receivable factoring programs. In most cases the factoring company is able to provide immediate cash for our clients invoices allowing them to increase cash flow and reach company growth goals. When you decide to use a factor company your business knows each time you generat invoices you will have cash immediately and no longer be waiting to get paid.
Recourse and non recourse factoring programs are offered by our partner factoring companies. The non recourse factor company will typically purchase our clients accounts receivable and take on all risk for collection. This means that if your customer does not pay the invoice the factoring company will be responsible for the delinquent account. The recourse factoring company will typically return the invoice back to the client after a 90 day time period. With a recourse factor company our client will still be responsible for delinquent accounts. Most of our partner factoring companies do provide collection help if it’s desired by our client.
We have seen a substantial amount of growth in the factoring industry during the last ten years. New factoring companies without proven stability are entering the marketplace rapidly so it’s very important to review these factoring companies and make sure they are trusted sources to conduct business with. You should explore a factoring relationship with at least 3 factor companies to make sure your getting a fair deal. If you only check rates with one factoring company your not going to get the best possible rate. Our program allows you to leave the factoring rate searching to us with one click service. We will check multiple factoring companies for you and find the best possible fit with the best possible factoring rates. We welcome the opportunity to earn your business.
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FactoringFast.com spends a lot of time researching each factoring company to make sure we only work with financially stable factoring companies. This allows our clients to have the piece of mind they need when choosing a factoring company. It’s critical to make sure your selecting the best factor company for your specific needs and business model.
Most factoring companies have specific industries they are best suited to work within. FactoringFast.com discusses these areas of strength with each factoring company to identify which factor company is the best fit for each our clients. We currently have experience with over twenty five factoring companies and have detailed information about how they were able to help our clients with cash flow issues.