Accounts receivable financing (aka invoice factoring) offers businesses with a critical growth strategy. This process includes the sale of your outstanding accounts receivables to a factoring firm. In addition to being an instant source of money, invoice factoring also takes away the burden of debt collection so you can focus on business development. Small business groups particularly benefit from factoring, which provides cash on hand within 24 hours.
In today’s economic environment, with invoice financing, small businesses don’t have to rely on an unstable financial market. You simply choose the customers you want to factor and send the unpaid invoices to the factoring company. By taking advantage of factoring benefits, your business generates immediate working capital to promote rapid growth and fund new business ventures, without incurring any debt.
Cash flow is a primary factor of successful operations for any business. While accounts receivable factoring companies do charge a small fee for their services, it is usually much smaller than a typical line of credit finance fee. The creditworthiness of your invoices is another important aspect of invoice factoring. Unlike traditional financing sources, factoring companies do not require an established credit history. By factoring your invoices, your business can have immediate access to cash and working capital to promote rapid growth and fund new business ventures without incurring any debt. In these uncertain times, factoring is a proven solution for your business.
For small businesses that are in need of quick financing and funding solutions, factoring offers you cash to start growing your company instantly. For more information about eCapital’s factoring services, please call 800.705.1500 or email email@example.com.