Invoice Factoring

ONE AFTERNOON IN THE OFFICES
OF THE XYZ EXPRESS WIDGET CORP.

CFO JOE: John, we have a crisis … we can’t make payroll, our line of credit at the bank is tapped out, the employee taxes are due to the IRS and we don’t have money for that big order sales made on Monday.
CEO JOHN: What the heck are you talking about, Joe? We’ve had a record quarter in sales. Where is all our money?
CFO JOE: In our customers’ pockets. They haven’t paid their invoices yet, and most likely won’t until the end of NEXT month.
CEO JOHN: Maybe we should stop making widgets and become a bank!
CFO JOE: Yeah, we have a LOT of experience handing out interest-free loans.

Is YOUR hard-earned money tucked away in your customers’ pockets? Unless you run a bank, this is NOT an acceptable business practice, when you could be using YOUR money to save on C.O.D. supply and materials purchases, pay operating costs and put in YOUR pocket!

Account Receivable Factoring, or Invoice Factoring, is simple: Once you are set up for the process, we buy your invoices at a slight discount on the day you send them out … and WE do the waiting for YOUR money!

Accounts receivable purchasing (AR purchasing) is like using a reverse credit card – but instead of your customer paying you with a credit card, which also has a discount, YOU decide if you want to borrow against invoices. When you consider the credit card discount you pay to get your money in just a few days, we wait 15, 30, 45 or even 60 days or more to get paid – business receivable factoring is quite a bargain!

Best of all, YOU have total control: YOU decide which invoices to use for accounts receivable funding, how much money you need now and when you factor. There are NO requirements, which means you don’t have to factor every invoice … and you don’t even have to factor ANY invoices in a month. In fact, factor one month to get quick cash, then take a few months without factoring and then factor again – with NO additional paperwork!

Accounts Receivable Factoring (AR Factoring) is much better than using a bank line of credit – invoice factoring does NOT create debt, while the line of credit is ticking off interest every month and if you suddenly fall out of formula, your line of credit can be recalled.

Accounts Receivable Financing (AR Financing) and Invoice Factoring are just a few of creative and innovative business financing options we can provide a company that is looking to raise funds without creating new debt, new liabilites or new loans.

Don’t take out business loans when you can keep your company afloat using your OWN money by factoring accounts receivable!

HERE ARE JUST SOME OF YOUR BENEFITS
WHEN YOU USE INVOICE FACTORING |
ACCOUNT RECEIVABLE FINANCING:

* Getting FUNDS FAST through Accounts Receivable Funding (AR Funding) can mean the difference between growing and stagnating, or surviving and perishing.

* YOUR credit rating is NOT an issue … you gain the benefit of using another company’s strong credit or the government’s awesome credit for YOUR financial benefit when you use Invoice Factoring!

* Quick payment and volume discounts can be available because you have funds on hand to pay your creditors when you utilize your Business Factoring Receivables.

* We are NOT selling you anything … we are purchasing your slow-pay invoices!

* Invoice Factoring is quick and convenient. After the original set up, you can usually get your money in 24 hours or less … and even get cash in your account the very same day!

* You get paid as soon as you create an invoice – no waiting to get paid when you use Accounts Receivable Factoring (AR Factoring).

* Invoice Factoring is NOT a business loan … you get WORKING CAPITAL NOW without creating any debt!

* Invoice Factoring increases your purchasing power by allowing you to pay FUNDS FAST and take advantage of quick payment discounts.

* Accounts Receivable Financing boosts your credit rating by giving you FAST FUNDING and keeping all your business current. You can become a C.O.D. business, even though government contracts are notoriously slow paying.

* You don’t have to justify how you are going to use your own cash, as you do to an investor or a bank. When you use Invoice Factoring, you get FUNDING NOW – and you can use it for any purpose.

* Invoice Funding gives you FAST FUNDS to survive a cash crunch … or to allow you to expand your business.

* Invoice Financing improves your financial statements.

* With many of our funding sources, you are NOT locked into terms for Accounts Receivable Funding as you are when dealing with a bank … plus, there are no limits, no fees and no lengthy application process.

* YOU decide when and how much FAST FUNDING you obtain with Accounts Receivable Financing. With many of our funders, there are no monthly minimums, no hidden fees and no terms. Use Invoice Factoring only when you need INSTANT FUNDS, then you can skip months and get FAST FUNDING the next time you need it with no additional paperwork.

* Do you have a SBA loan and can’t get another loan? We can help! Accounts Receivable Funding is NOT a loan.

* Do you have IRS liens? We can help! The IRS is often willing to work with factors because they know it helps the owing company and they get their funds faster as well if the debtor company is able to utilize Invoice Factoring.

Basics of the program:

*Advance Rate: 90%

*Fee: Fees vary according to the amount you factor with us in a month and the days from funding your customer takes to pay. A table is available.

*Term: Month to Month

*Minimum: No Minimum

*Recourse: 90 Days

*Set up Charge: Waived (only pay if you leave to go to another factoring company prior to 1 year, $400.00)

Once the account is set up, you send completed invoices to our Corporate Office along with any back up you would normally send with your invoices (I. e. bill of laiden).

The day we get the invoice we verify the invoice and the work is complete.

We deposit the advance rate into your bank account within 24 hours and keep the remainder in reserve.

We send the invoice to your customer with instructions to pay us.

When the invoice is paid, we net out the reserve minus our fee and send the net back to you on the 1st or 15th of the month, whichever day comes next.

Basic Example:

Advance Rate – 90%

Reserve – 10%, Held for security purposes in case there are any discrepancies on invoices.

Fee – 3%, doing TOTAL volume of between $25,000 to $150,000 per month and your customer pays within 30 days (fees vary for amount and length of time – a table is available) You send $10,000 in invoices to us on Tuesday

We verify the invoices and the work is complete. We then deposit $9000 into your bank account by the end of the day on Wednesday via WIRE ($20) or ACH ($5).

Your customer pays us the $10,000 28 days later.

We take the reserve ($1000) minus the fee ($300) and deposit the remainder in your bank account ($700) on the next 1st or 15th of the month.

STEP 1: It’s easy … follow the link below to our very simple Account Receivable Financing Form and one of our representatives will start the process to help you out of your financial crunch.

Yes, I Am Interested In Account Receivable Factoring | Invoice Factoring

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