Why use a Factoring Service
Invoice factoring service, also known as accounts receivable factoring, is a financial transaction where a business sells its accounts receivable (invoices), to a factoring company, at a discount for immediate cash. This service gives clients the ability to eliminate cash flow constraints, offer extended credit terms to customers, and take on additional sales.
Factoring enables a company to cover their short term cash needs during periods in which the needs exceed the cash flow. Some industries that benefit from factoring include service, transportation, distribution, manufacturing, wholesale, and retail.
FactoringFast.com provides invoice factoring at competitive rates. We will put together a custom factoring solution for your cash flow needs. Let us change the way you do business and open the door to new possibilities with invoice factoring.
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A Factoring Service may offer your business more opportunities as you can cash flow additional growth and offer your clients more flexible sales terms. Unlike traditional funding methods a factoring service utilizes the credit quality of your customers allowing your company to gain more working capital than bank credit lines can normally offer.
A Factoring Service may offer your business more opportunities as you can cash flow additional growth and offer your clients more flexible sales terms. Unlike traditional funding methods a factoring service utilizes the credit quality of your customers allowing your company to gain more working capital than bank credit lines can normally offer.
Factoring invoices is the key to enhance your cash flow. Our invoice factoring company offers:
- – Factoring of full-service non-recourse accounts receivables
- – Special programs for freight brokers and trucking companies
- – Advanced solutions for the gas and oil industry
- – Payroll funding for staffing firms
- – Small sized business solutions for financing
How Would Your Business Benefit If All Your Customers Paid In One Day?
Is a Factoring Service a Fit for your Company?
SMART FACTORING STRATEGIES
Many of our clients have found that when they offer more flexible terms after factoring begins they can increase prices 1% to 5% to help cover the factoring service expense. This is not possible with every business, but in many industries customers expect to pay a few percentage points higher to get flexible sales terms. We also encourage all of our factoring clients to call all suppliers and negotiate quick pay discounts. The end result is that smart business owners can use a factoring service as a powerful overall business growth strategy without incurring the whole burden of the cost. When you put the whole factoring picture together you can see why so many successful companies are able to exceed growth plans and increase profits with today’s new factoring solutions.
SPEND MORE TIME DOING WHAT YOU DO BEST
Often a factoring service allows business owners to focus more time on building the business. You are able to outsource the collection headaches, reduce administration time, and stop “managing the mail box” for cash payments.
INDUSTRIES THAT TRADITIONALLY FIT WELL WITH A FACTORING SERVICE INCLUDE:
Manufacturing
Trucking
Distributors
Business Services
Technology Services
Temporary Staffing Agencies
Medical Products Industries
Medical Fields/Small Hospitals
If your business could benefit from having cash 24 hours after producing the invoice than you may want to take a closer at a factoring service. One of our financial consultants can answer your questions and provide a free factoring quote at 1-888-897-5470.
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