FACTORING RECEIVABLES

In many situations, Receivable Factoring is more appropriate than bank financing, because it: 

Is based only on the accounts receivable. A client's ability to raise cash by   Receivables Funding is based on the total accounts receivable, rather than on traditional measures of financial strength and stability.

Provides continuing cash flow without the requirement of periodic payments or interim payoffs. New sales continuously create new power to obtain cash, and the business does not have to deal with renewal of loans or worry about maturity dates.

Gives a business increased access to cash as sales and receivables increase. There is no ceiling beyond which the factor must stop providing cash. The more sales a business makes, the more cash it can draw. The factor does not concentrate on the business debt/equity ratio to provide funds, as banks do.

Offers a source of money for small businesses that may have difficulty obtaining financing through banks or the SBA. Great way to grow a small business!!!  Offers a dependable, continuing source of cash without the necessity of making separate loan applications.

Avoids the necessity of obtaining funds from venture capitalists, who receive an interest in the business and generally have a say in how the business is run.

Saves the business owner precious time waiting for a loan board to grant or deny his or her loan. Loan boards' decisions are influenced by many considerations, and the outcome is often unpredictable. With factoring, periodic delays and negotiations are eliminated, allowing the business owner time to do what he or she does best – run the business. 

 Benefits for you in  Receivables Factoring:

1. Receivables factoring is accessible. You own the receivables.
2. Receivables factoring gets quick results. An answer usually in 24-48 hours
3. Receivables factoring is flexible. Factor all or some of your receivables. Do them this month, next month, skip a month and continue. What works best for you in meeting your cash flow needs.
4. Receivables factoring relies on the strength of a business's customers
5. Receivables factoring can open the way for other opportunities such as equipment leasing, purchase order factoring, collections among others.

For  a FREE, No Obligation Consultation  Contact the OCR Professionals Today!

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