Information on factoring and factors
Advantages
of factoring
- Increased cash
flow
- Immediate
funding
- Approval is not
based on credit rating
- Maintain equity
and control of your business
- Professional
collection services
- Financial
statement and report preparation
- Receive money in
one or two days
- You stop wasting
time thinking about cash flow issues and start
spending more time on your business
- You aren't
burdened with having to make monthly payments to
repay a loan
- It improves your
credit rating over time, as you continually have the
cash on hand to pay bills on
time
Qualities
you should look for in a factor
- Knowledge of or
factoring in your
industry
- Ability to handle
your invoice volume
- Experience and
understanding
- Account executive
who has decision-making capability
- Advance rates and
schedules that meet your needs
- Flexibility to
fit your specific needs
- Quick response to
telephone and eMail inquiries
