| |
|
| |
What Is Factoring? |
|
|
|
Factoring is a way to get immediate cash. You send your invoices to us, we advance you up to 90% of the invoice amount, we collect the invoice and send you the remaining balance, less our fee.
Factoring is quick and convenient: a must for all growing companies in need of capital.
We purchase creditworthy accounts receivable at a small discount and fund you with immediate cash. |
|
|
|
How Factoring Works |
| Apply now and we will qualify you within a few hours.
 |
Get cash in less than 24 hours from when we receive and verify your faxed invoices.
 |
You will have 24/7 online access to our award winning management system.
 |
|
| |
|
| |
Top 10 Reasons To Use Factoring:
|
|
- Fast and Easy Process
- Cash Received for Your Invoices in 24 Hours or Less
- Add Capital to Your Business That is Not a Loan
- Increase Marketing Efforts
- Provide Consistent Weekly Cash Flow to Allow for Better Planning and Growth
- Reduce Stress Involved With Not Having Cash to Meet Business Obligations
- Reduce Administration Costs Associated With Collection Activity
- Offer Better Terms to Customers Allowing You to Gain More Business
- Funding is Based on the Financial Strength of Your Customers, and Not Your Personal FICO score and/or Business Credit Score.
- Concentrate on Important Parts of Your Business Instead of Collecting Invoices
|
|
| |
| What Will My Customers Think? |
| |
This question tends to be of concern for companies who are considering factoring as a form of financing for the first time. We at America's Factors can assure you that factoring is a positive statement to make to your customers. A $150 billion dollar industry and growing, factoring is a traditional financing option for all businesses, and has been around in various forms for several centuries. Some of the largest companies worldwide use factoring as an important part of their overall financing strategy.
|
|
Common Questions:
|
| |
|
Q: How will our customers be treated? |
| |
A: The relationship and goodwill that you’ve built with your customers will be treated with the utmost respect. Your personal Account Executive will discuss any issues of concern to you in this regard in a professional and timely manner. |
|
|
|
|
|
| |
| Q: If customers know that my invoices are factored, won’t they take longer to pay? |
| |
A: Numbers Often, just the opposite is true. Large corporations will continue to adhere to their credit policy and pay accordingly, because it makes no difference who the creditor is. Smaller companies tend to pay faster, knowing that we, as a Factor, are an influential credit-reference resource and a prime reporter of credit information to credit bureaus.
Q: Will my customers think I’m facing financial difficulties if I factor? |
|
| |
A: Not at all! As long as it’s handled by a professional company such as America's Factors, your customers will understand that you’re taking the necessary steps to meet business demands. Many companies are already familiar with factoring, since it’s a $150 billion dollar business annually! |
|
| |
|
|
|
|
