Factoring is the purchase of your businesses AR or accounts receivable.  These are the invoices that your customers are required to pay you for the work you completed.  The Factor buys these invoices at a discount in exchange for providing your business with immediate liquidity.

Who is this for?
Companies that sell products or services to businesses that pay in 30, 60, or 90 days.  Since qualification for this program is based on your customers’ credit and not yours, your company can qualify even if it is a start-up, has less than perfect credit, or is in bankruptcy.

How can this program benefit my company?

• You can focus on your business instead of collections.  It is like outsourcing your accounts receivable department.
• You can get the money you need when you need it to meet your time-sensitive expenses
• Typically there is only a soft limit to what you can finance and even that limit can be increased rapidly if necessary
• Funding may be possible in as little as 24 hours
• Some Factoring companies provide Credit Insurance which means even if your customer fails to pay their invoice you still get paid.