Whether your looking for franchise financing or funding for your business, you came to the right place. Factoring is an alternative method for businesses to quickly obtain operating capital. This source of fast business funding is not a loan. Instead, a party called a factor purchases outstanding accounts receivable from a company for 70 to 95% of their invoice value, which is paid immediately. Once the invoices are paid, the factor then pays the original holder the remaining 5 to 30%, minus the factor's fee. Essentially, for a small fee, a business gets almost instant access to the bulk of their current invoices which may normally remain outstanding for 30, 60 or even 90 days. This is a source of funding for small business ventures that can be used in a variety of ways. It can, for example, allow you to spend the money you are being paid for on a product, to further market that product even before your buyer receives their shipment.
Factored Business Finance allows your company to take advantage of factoring in a number of ways. The above example of fast business funding is generally known as accounts receivable funding or invoice factoring. Factored Business Finance can assist you with:
- Invoice factoring
- Merchant cash advance, using credit card sales instead of invoices
- Purchase order finance options
- An unsecured line of business credit
All of these products are offered without the use of traditional banks. We specialize in finding alternative funding for small business operations without red tape and other delays. Our services allow you to secure the funds you need to weather rough times or to take advantage of great opportunities that require more capital than your liquid assets can cover. Services from Factored Business Finance offer an alternative to traditional banks, supplying the funds that modern businesses depend on to thrive.
