Debt Factoring
Every business, large or small, has experienced a cash flow issue at one point or another. Whether you need cash for payroll, inventory, or to expand your business, we can help immediately by turning some of your debt into immediate cash.
What do we mean by debt factoring? When you have commercial invoices that are owed to your business, that is a debt you are trying to collect. Your customer, who you sold your services to, now owes you a payment and therefore is the your debtor. Instead of waiting 30 to 60-plus days for your customer to pay, Capital Partners will discount the invoice and pay you immediately so that you don’t have to wait for your customer to pay you. Capital Partners is willing to do the waiting and will follow up with routine collection calls to make sure the invoice is paid timely.
Debt factoring is also known as accounts receivable financing or invoice factoring. With debt factoring, you choose which customers you would like Capital Partners to manage, and you keep the rest. Having an ongoing flow of working capital and expected known income will help keep your business on track with your goals and expenses. It also allows you to not worry about making those collection calls or keeping current with your expenses. Instead, debt factoring gives you the freedom to concentrate on what you do best — selling your services.
Our debt factoring program is flexible. You decide what you will submit to Capital Partners, including the number of invoices, how many customers, and the amount of your accounts receivable invoices. You essentially become your own lender. This is not a loan. There are no new monthly payments to be made. Invoices are converted into quick cash — the cash you would have received anyway — but with debt factoring, you get your cash earlier, right when you need it.
The cost of debt factoring is just pennies on the dollar when you consider the additional services that you also receive with your funding. Invoices pay 80% to 90% initially, and when the invoice is paid, you receive the balance less the debt factoring fee. The cost of the debt factoring fee ranges from 1% to 5%, depending on how quickly your customer pays.
Capital Partners is an industry leader and has experts within your specific industry. Our factoring consultants can help you successfully put a program together that allows you to manage your cash flow and allow our invoice factoring program to work for you. Let us help you find the best invoice factoring solutions for your growing business needs. Below are some of the additional services you receive with your funding:
- Funding by Fax, FTP Uploads and by E-mail
- Accounts Receivable Follow-up and Collection Services
- Online Account Management
- Online Account Reports
- Accounts Receivable Management
- FREE Credit Checking for Business Expansion
Contact us today, or fill out our Express Application Online.
You’ll learn more about our easy qualification process andfast invoice funding and have the opportunity to receive a free, no-obligation quote and consultation. We don’t require tax returns or financial statement. We also offer a 90-day trail period. Already received a quote from a competitor? Let us know, and we will meet or beat their offer!