Accounts Receivable Financing &
Medical Accounts Receivable Financing
Are you presently invoicing your customers for goods or services provided by your company?
90% of this country's vendors and service providers find they have to provide credit terms to their customers in order to stay competitive. Cash on delivery is literally a thing of the past. However, waiting 15, 30, 45 even 60 days for your outstanding invoices to be paid is preventing you from being productive and robbing you of higher profits.
Imagine receiving 80% of your invoice amount the same day the product/service and respective invoice was delivered. How many additional orders could you fill? How many more customers could you attend to? Imagine the increased productivity and profitability by having cash in hand versus waiting for customers to get around to paying you. Additionally, what kind of discounts could you take advantage of from your vendors if you paid them within 7-10 days?
Factoring your accounts receivables has never been easier and more affordable. When an invoice is generated we purchase it and advance you up to 80% of the invoice amount directly to your bank by wire transfer within 24 hours, sometimes the same day. Then, when your customer pays the invoice, you will receive the remaining balance, minus a nominal fee. Think of the additional orders you could then fill in the time you used to spend waiting for invoices to be paid! The additional profit margins on orders that previously could not be filled more than offsets the factoring fee not to mention the discounts you realize from paying your suppliers early. Factoring is a WIN-WIN for our clients.
With the advantage of positive cash flow, factoring clients:
• increase working capital by establishing ongoing source of cash
• increase cash turnover and pay bills, taxes, etc.
• get cash for operating expenses when they need it
• get cash when they can’t get financing elsewhere
• protect and improve your credit rating
• avoid long-term debt
• avoid repayment of debt at inopportune times
• take advantage of trade and volume discounts
Who Needs Factoring?
• Small and medium size businesses that can't get conventional financing
• Any business that needs additional operating capital
• Businesses that want to expand and need cash
• Businesses with tax liens
• Business that are working through Chapter 11 or bankruptcy
The Equity Asset Funding Advantage
• Leverage off customer's credit
• Does not create new debt
• No personal guarantees from you
• No geographical limitations
• Off balance sheet financing