Why should a company consider factoring?
Ask yourself the following questions:
-- Can your company's profits be improved
with additional cash flow to sustain your growth potential?
-- Can your company's profit be improved
through the identification of bad credit risks, maintaining
timely collections, and minimizing losses on uncollected
accounts?
-- Can your company's profit be improved
if less time is spent on credit and collection efforts and more
time is concentrated on operations, marketing, and sales?
Today, many strong and growing companies are
benefiting from the use of factoring as a cash flow and management
tool. Growing companies use factoring to leverage their
sales volume and generate sufficient cash to meet increasing
working capital needs. In general, factoring can be an
excellent tool for companies interested in:
Growth -- Selling receivables can
increase cash flow, thereby meeting working capital and/or
expansion needs. Factoring may also provide
additional amounts of available funding. Receivable
financing normally places a lending limit on the borrower.
Factoring is only limited by sales volume.
Reduced Overhead and Operating Expenses
-- because the maintenance of accounts, billing, collections and
cash applications are taken over by the factoring firm.
Bad Debt Reduction -- The
professional factoring firm may be better able to collect
accounts than the individual company.
Other Benefits of Factoring include:
- Cash for marketing
- Cash for payroll deadlines
- Cash to increase sales
- Cash for increased production
- Cash for expansion
- Cash for new equipment
- Cash for taxes
- Increased purchasing power
- Improved bank balances
- Improved credit rating
- Cash without debt
- Money for cash discount
Complete our Online
Application Form today or contact us
for more information! |