It is not un-common for a business to sell or factor their receivables to meet their weekly/monthly business expenses and cash flow needs. Receivables' turn over ratio plays a major role in the expansion and growth of all businesses in this country and around the globe.
This can be done from start to finish in as little as 5-10 days! Also keep in mind that, in the cases of factoring or selling your invoices, your business will not create any debt whatsoever, like you would borrowing from a banks or commercial lenders. There are two options...
1)Factor the invoices or "Invoice Factoring":
For instance: If you had an receivables invoice (current or delinquent) in the amount of $100,000.00. We would fund that invoice and advance a large percentage of the face amount immediately. In most cases, cash advances can be made within 5 to 7 days from the time invoices are verified. When your customer pays the invoice, you receive the remaining funds, less our fee.
2) Sell the invoices out right:
Most of the time invoices are sold are if the company paying on the invoice is delinquent or experiencing financial troubles. In that case we would buy the delinquent invoices at a discount, or less than the amount owed. This would ensure the business owner that they would not experience a total loss of revenue.
