Accounts Receivable Financing
Maintaining a healthy cash flow is a top priority for every business. Factor Direct Capital can provide you with the cash you need to expand your business, cover payroll, pay suppliers or fund tax deposits.
Consider what your business will be able to do differently if you get paid immediately after completing a job rather than having to wait 30 to 60 days or more to get your money.
Use Improved Cash Flow to Increase Revenue and Profits
- Extend more favorable terms to your customers
- Receive trade discounts from your suppliers for paying early
- Initiate a marketing campaign to put your resources to work
Accounts receivable financing is not a loan, which means that you will have no principal or interest to pay back.
Accounts receivables are a good thing for businesses. It means money is coming in. However it also means that your business has done work and has yet to be paid. Waiting to be paid can be a financial burden. Factor Direct Capital can ease this financial burden with our accounts receivable financing service. This service, also known as accounts receivables factoring, provides businesses with immediate cash on their net 30 day accounts receivables.
This has many advantages. First, its acts as a quick business loan which can be used to meet any financial obligation such as payroll, tax liens, or paying suppliers. It can also be used as a tool to increase working capital. By increasing working capital businesses have successfully used accounts receivable factoring to give themselves proper funds to grow. Factor Direct Capital’s accounts receivable factoring service allows businesses to pick and choose which accounts to factor. This form of financing can be the perfect tool for business growth as it allows the business to choose exactly how much funding it needs on a short term basis and the funding will grow as the accounts receivables do. This means the funding will grow with your business.
Another advantage to accounts receivable factoring is that the funding is based primarily on the credit of the customers you do business with. This is because the accounts receivable factoring company will be taking payment directly from the business that owes the money on the account. |