- Immediate access to working
capital;
- Improved collections;
- Accurate, speedy credit
information on customers -
nationwide;
- Unlimited funding of receivables.
Accounts Receivable financing has offered these
competitive advantages to major businesses in
selected industries for more than 100 years.
Today, accounts receivable financing - or
factoring - is a $100 billion industry.
|
Accounts receivable (A/R)
financing provides businesses with fast and simple
access to working capital. This flexible financing
option is typically a revolving credit facility
secured by accounts receivable. Accounts receivablefinancing
works in tandem with inventory financing to provide
an integrated financing package that provides working
capital support throughout the entire sales process.By
pledging accounts receivable, businesses may have
immediate use of funds for expenses, debt payments,
marketing and expansion opportunities, rather than
waiting for 60-90 day receivables collections. Generally,
up to 85% of eligible accounts receivable may be
used for working capital or to support other business
opportunities and needs.
|
