Factoring Benefits
Factoring Benefits
How does factoring benefit your business? Factoring allows your business to get cash fast, in as little as 24 hours. The process is simple. You sell your accounts receivables to us, and we pay you on the invoice. This way you don’t have to wait for slow-paying customers to get you the cash you need. There is no need to factor all of your customers. Choose one or a few to start or factor all your unpaid invoices.
Why Wait 90 Days When You Can Get Paid Today! — How it Works
Simply choose the customers you want to factor and send the unpaid invoices to us — and keep the others just as they are. Or, choose to factor all your outstanding invoices. Either way, 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.
The Capital Partners Factoring Advantage
Our factoring service package includes accounts receivables management, providing you with credit control and collection services — all the support you need for a back office. Capital Partners’ factoring programs also gives you access to our widespread credit database to help you review a customer’s credit before you do business with them.
Are There Disadvantages of Factoring?
When assessing the factoring process, you’ll most likely ask, “Are there disadvantages of factoring?” Essentially, there are no disadvantages of factoring for your business; rather, factoring advantages make this process simple and efficient for businesses of all types and sizes. Capital Partners helps businesses big or small benefit from factoring since it’s the only source of financing that grows with your sales and gives you unlimited funding. If you examine how factoring works for businesses in all industries, the primary benefits of factoring become clear.
Basic Factoring Advantages: How Does Invoice Financing Help my Business Grow?
Factoring is a way to fill the gap between when a company invoices its customers and when that company receives payment for its services. Take advantage of factoring for supplier discounts and increasing your credit rating while reducing credit risk and collection costs.
Increase Sales by Offering Better Credit Terms to Your Customers
Factoring provides more working capital and cash on hand, allowing you to safely and confidently offer extended credit terms to your customers. Factoring benefits your business by making it easier for them to buy from you — an important factoring advantage for all businesses.
Improve Your Business Credit Rating
A critical factoring advantage: Factoring allows you to pay customers and debts on -time or ahead of schedule, helping you build and improve your credit score. Factoring is not a loan and does not create a debt or adversely affect your balance sheet. By improving your bottom line, it’s easier to obtain other types of financing or ultimately sell your business.
Eliminate or Reduce Operating Costs
Capital Partners’ offers comprehensive accounts receivable financing, management, and collection services. As part of our service to you, we manage and monitor your accounts receivables and provide you with detailed cash management reports. This releases you from collection calls and eliminates or reduces back -office staffing expenses. These factoring advantages are critical in today’s challenging business environment.
Review Credit Rating of Customers
Capital Partners’ has an extensive credit database that gives you information about potential customers before you do business with them. It also discreetly enables us to effectively monitor an existing customer’s credit status.
Get Higher Paying Customers Without Creating a Cash Gap
Factoring allows you to compete in larger, more profitable orders since your growth results in immediate cash. Rapid growth often creates a cash crunch when accounts receivables delay the revenue necessary to fund your business growth. As your sales increase, more money is immediately available to you, enabling you to meet rising customer demand. Unlike a line of credit, factoring is the only source of financing that grows with your sales and gives you unlimited funding, a factoring advantage that puts you ahead of the competition.
Factor a few invoices or all of your accounts receivable, and try us for 90 days. We are confident you will like how we run our business to help you grow yours.
Getting Started: It’s Quick & Easy to Factor
A primary advantage of factoring is access to immediate cash within 24 hours. Since Capital Partners purchases your customer’s invoice, we typically do not require financial statements or tax returns from you. Instead, Capital Partners reviews your invoices and quickly reviews the credit-worthiness of each customer you wish to factor. Any business that requires working capital for any reason benefits from factoring invoices.
Simply give us a call at 1-866-310-1955 or fill out the form at the right. An experienced factoring consultant will discuss your financial and business situation to see if factoring is right for you. In most cases, you can be setup to factor your first invoice in about 24 hours. After that, you can factor your unpaid invoices and fund in about the same amount of time. You are under no obligation to factor with us, so contact us today for a free factoring quote.
Learn more about factoring advantages and Get Started today!