Receivables Factoring is a transaction in which a business assigns its accounts receivable (invoice) to a lender to finance its short-term working capital needs.  This is done so that the business can receive cash much quicker than it would by waiting 60 -120 days for a customer payment.  Once your company has submitted a full application and it has been approved, we can provide funds within days. We can also provide extended financing terms and highly competitive rates for invoices from investment grade companies.

FACTORING BENEFITS

•   Bridges the time gap between receivables and payables.
•   Unlocks profits and frees up cash flow to grow your business.
•   Quicker and easier than obtaining a bank loan.

HOW IT WORKS

1.   Complete our credit application.
2.   Send us the invoices you would like to be factored.
3.   Within days of approval, we will advance you up to 90% of the value of the invoices.
4.   Your customers will remit the invoice payments to us.
5.   Once we receive payment, we will return the balance minus our fees.

FACTORING CHARACTERISTICS: