Benefits of Factoring
Benefits of Factoring
Companies need cash to grow and survive. Cut off the supply of cash and a company will falter and die. Seasonal fluctuations in sales or customers who are slow to pay can quickly create a crisis for your company. Factoring will benefit your business by making cash available for your company to:
- Meet payroll and operating expenses
- Provide good service to your customers
- Fulfill orders
- Take advantage of expansion opportunities
Getting money from banks can be a slow, frustrating process with no assurance of success. Factor Funding Co has been helping small and medium-size businesses long enough to know that cash is the lifeblood your company needs to prosper and grow. When the lifeblood stops flowing you need help right away.
Business Financing Solutions
Factor Funding Co is a nationwide business funding service that can provide cash for your business through:
Accounts Receivable Factoring
If your sales are to reputable and credit-worthy customers, your outstanding invoices can be turned into cash today. Accounts receivable factoring offers your company the following benefits:
- Steady and predicable cash flow
- Faster and easier than a bank loan
- Does not rely on personal credit history
- Available to new companies that have not established a credit history
- Does not create debt on your company’s books
- Turns invoices into immediate cash
Merchant funding offers businesses with credit card and installment sales the opportunity to turn those sales into immediate cash. The transaction is quick and is not a loan.
Purchase Order Factoring
Being unable to fill orders because of a lack of cash can ruin your company’s reputation and hurt future sales. Purchase order financing will give your company the cash it needs to purchase materials. Your company can increase sales by targeting larger orders without risk of having insufficient cash to fill them.
Long a popular method by which companies acquire cash by borrowing on the value of their tangible assets. Asset-based financing offers benefits for your company, including:
- Borrowing capacity is not based on the company’s earnings which may fluctuate
- Flexibility in deciding how to use the money
- Interest rates and fees are lower than unsecured bank loans
- Easier to qualify than with bank financing
Call Factor Funding Co today at 866-717-2274 to discuss the benefits of our factoring and financing programs.