Accounts Receivable Financing/Factoring

Factoring is the purchase of account’s receivable at a discount. Account’s receivable purchasing/factoring is often the fastest way for a business to collect on generated invoices other than “cash and carry” or C-O-D.

Generally speaking a business or company must wait 30-60-90 days to collect on invoices generated for products delivered or services rendered. For the most part money today is worth more than future money. Interest rates and higher prices eat away at profits and a company’s bottom line.

The process is simple, fast and does not create debt. Accounts are usually funded within 48 hrs. (Sometimes faster within 4 hrs. on optimal conditions) by wire to the client company’s bank. The factor will notify the client’s customer(s) that the invoice(s) have been purchased. The factor collects on the invoices and will furnish regular aging reports. Most factoring companies do not require that the client company sell all their invoices to the factor.

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