In business, every decision should be backed by facts. Selling your invoices is a decision that deserves the same scrutiny. Here's a factual breakdown to guide you.
Crucial Factors in Fees and AdvancesImportant considerations include:
Fees are a practical consideration, typically 2-5% of the invoice value. For instance, a 3% fee on a $1,000 invoice is a sensible $30.
What You Need to Know About AdvancesAdvances offer immediate financial relief, generally 60-95% of the invoice's value. On a $1,000 invoice at an 80% advance rate, that translates to $800 available immediately.
We relieve your headaches and stress of collecting on accounts receivables.
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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.