In business, every strategy should be grounded in logic and facts. Selling your invoices? It's not just an idea, it's a financially sound decision. Let's look at the straightforward facts that make this clear.
Understanding Fees and Advances: What It Means for Your BusinessHere's what you need to consider:
Fees are a modest and rational part of this process, typically ranging from 2-5% of the invoice value. For example, a 3% fee on a $1,000 invoice is just a $30 investment for immediate cash access.
Advances: Immediate Financial Relief for Your BusinessAdvances offer an immediate solution to cash flow challenges, usually representing 60-95% of the invoice value. This means for a $1,000 invoice at an 80% advance rate, you get $800 instantly, boosting your financial flexibility.
We relieve your headaches and stress of collecting on accounts receivables.
You have 24/7 account access 365 days a year.
When you call, you get to speak to a real live person.
Don't wait long periods for a loan. Many of our factoring deals can take place in as little as 24 to 48 hours. If you need capital right now or are looking to expand then factoring is the way to go. We work on your time instead of you working on a bank's schedule.
If you need cash and you're sitting on a lot of unpaid invoices then factoring with us is the way to go. We'll give you the cash that your business needs and collect from your customers.
Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with factoring.
If you're a start-up or your business has a poor history or credit then you can still get the cash that you need. Today's banking atmosphere makes it a challenge for even the most-qualified businesses to get a loan. Factoring takes care of all of that.
Without a collections department or a small staff, collections often come down to you doing all of the leg work. Our Factoring Service will alleviate that burden and provide the service that you're not equipped to handle.