Keeping the cash flowing is a challenge for all businesses.  Do you have slow-paying customers?  Have you been turned down for traditional bank financing?  Is a lack of working capital hurting your business?  Or are you looking to take advantage of a business opportunity? 

As every business owner knows, sales alone do not measure the profitability of a company.  For example, sales may be increasing, but a company may have to wait weeks or even months for payment.  During that time, the company cannot purchase materials for more orders or meet other basic operating expenses such as payroll.  The solution is Accounts Receivable Funding from Factored Business Finance Corp, which is quickly becoming a popular choice for its flexibility and quick funding.

Why Accounts Receivable Funding is a popular choice in today's business world
Simply stated, Accounts Receivable Funding (also used synonymously with Accounts Receivable Financing and Invoice Factoring) is the process in which we exchange your company's commercial accounts receivable for working capital - fast!  When an invoice is generated by your company, we will purchase it and advance as much as 95% percent of the invoice amount.  After your customer pays the invoice, you will receive the remaining balance (reserve) minus a nominal service charge.  Factoring is a very powerful financing vehicle for business growth, there's no doubt why it's the hottest tool for funding businesses when the traditional banks cannot deliver! 

Benefits of Accounts Receivable Funding
Factoring is a great and relatively inexpensive way to improve your cash flow and get the working capital your business may need.  Conventional borrowing increases a business' expenses and normally requires additional collateral.  In the case of factoring, instead of analyzing a business' financial statements, the business is evaluated on the strength of its accounts receivables.  If the business has a product or service that it provides to a credit-worthy customer, then the business is a candidate for invoice factoring.  A typical advance is anywhere from 80% to as high as 95%, depending on the industry and volume of business.  Accounts receivable factoring does not create debt or require additional collateral. It is very simple to use. Cash can be obtained for invoices normally in 24 hours or less, and as often as the business needs.

• Unlimited capital.   Factoring is the only source of financing that grows with your sales.  As sales increase, more money becomes immediately available.  This allows your business to consistently meet increasing demand.
  
  
• Quick and easy funding.   The factoring application takes less time and effort than most other forms of business finance.  That's because no tax returns, personal financial statements, business plans or projections are required.  And, initial funding only takes between 3 - 5 business days once the contracts have been received.
  
  
• Don't give up equity. You do not have to give up any equity in the company (as is usually required with venture capital) or take on any partners with factoring.
  
  
• Don't incur any additional debt.   Factoring is not a loan and therefore your business is not incurring any additional debt, making it easier for you to obtain other types of financing. 
  
  
• Elimination of bad debt.   A non-recourse factor will assume the risk of bad debt, thus eliminating this expense from the business' income statement.
  
  
• Take advantage of early payment discounts and volume discounts. If you can save 2 - 5% of your raw materials cost because you have the cash to pay within ten days, in addition to volume purchasing, you significantly reduce the true cost of factoring.
  
  
• Stop offering early payment discounts to your clients. Since you receive your money immediately, you don't need to offer early payment discounts.  Factoring will save every dollar in discounts that your clients were taking.
  
  
• The ability to leverage customers' credit.  In factoring, funding decisions are based on the creditworthiness of the clients' customers.  That means our clients do not have to be in business for years or have perfect credit to receive funding.
  
  
• Better Credit.  Factoring allows clients to pay their employees, taxes, and bills on time.  By establishing a good credit rating, our clients are better able to take advantage of attractive terms from suppliers and qualify for loans.
  
  
• Early Payment from customers.  Many of our factoring clients have discovered that their customers pay factored invoices faster than non-factored invoices.
  
  
• The opportunity to focus on company growth.  Factoring frees up time spent in collections, administration, and bookkeeping so that a client can focus on increasing sales and expanding the company.
   
• No geographical limits.  We can work with a client from anywhere in the country, and that client can have customers nationally.
  
  
• An early warning system for customer service problems.  Because factors verify invoices with customers, they can tell clients if there is a customer service problem right away.  A non-factoring client may not notice the problem until the invoice becomes past due.  By that time, it may be too late to save the account.
  
  
• Accounting services.  In addition to providing funds, a factor can function as a client's receivables department.  We handle much of the work associated with processing and posting invoices, depositing checks, entering payments and producing detailed financial reports.  By doing so, the client will save time and money, while keeping full financial and managerial control over the company.
  

Yes!  We regularly fund the difficult industries that banks want nothing to do with!

• ANYTHING RELATED TO MEDICAL - Healthcare Providers with Medicare, Medicaid, and Commercial Insurance Accounts Receivable, Clinics, Private Practice, Medical Lab Testing Companies
• CONSTRUCTION 
• TRUCKING and TRANSPORTATION

Our pledge to you, the valued client:
We will work diligently to best meet the terms of your request and business need.  Attention to detail, quick execution, and no red tape.  We take your business as seriously as you do.  Get started today.