Traditional banking institutions, particularly in today's economy, are not the best way to finance your business. Unfortunately, many people are unaware of the options available to them when it comes to alternative financing for small business ventures such as business invoice factoring. All too many business owners believe that the only option they have aside from loans is additional investors. As an accounts receivable factoring company Factored Business Finance can connect you with amazing alternatives that leave the red tape and slow processes of traditional banks behind. We can help you get the cash you need to cover temporary operating shortfalls or to take advantage of sudden opportunities. Receivables factoring is a technique commonly used by larger corporations. Now you can take full advantage of this alternative form of financing as well.
Factored Business Finance connects you to factors, or those willing to buy your accounts receivables. As an accounts receivable factoring company, we help you find reliable factors who will purchase your receivables. In exchange for their small fee, you can get 75% to 95% of the cash owed to your company within a few days. After your clients pay all of the outstanding invoices, you are sent the rest of your money (less the factor's fee). Obviously, the speed at which this process occurs makes it a tremendous method for provide financing for small business. There are many other advantages, not the least of which is that this is a fast way to get the capital your company needs without waiting on any payments.
There are several factor programs available. In addition to receivables factoring, many businesses are interested in the merchant cash advance program which allows you to receive funds now in exchange for a percentage of credit card sales. Factored Business Finance can also help you find an unsecured line of credit. Contact us today or fill out an online application.
