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Many companies will take from 30-60-90 days to pay on an invoice, simply, because they can! Wouldn't it be great to receive those monies within a couple of days whether your business is in growth or survival mode.
For Growth:Increase production and sales
Create new markets
Fulfill larger orders
Cash and volume discounts
Unrestricted use of funds
For Survival:Payroll
Expenses
Maintain credit rating
Fulfill purchase orders
Receivables Funding, also known as "factoring" has been around since the romans. It was adopted by the garment and textile industries and common since the 1980's. It is the buying of Accounts Receivable (invoices) from businesses by a factor at a discount price. Funding Sources (factors) are private individuals in the secondary market, that have the funds to purchase income streams, such as Accounts Receivable. It is not a loan, so your business is not subject to bank regulations and credit is based on your customers.
For more information on how your business can start receiving its monies for invoices produced please call 303-572-7226
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