An Important Source of Capital
If you can imagine the benefits of no shortage of cash flow in your business, Factoring may be the answer for you.
It provides an important source of capital that is not a loan. Factoring advances funds by purchasing your company’s invoices at a price that is determined at the time the invoice is paid, according to a negotiated rate structure. It is a swift and simple process to gain access to almost unlimited working capital without giving up any stock or equity in your company or incurring any outside debt. For those who are familiar with Accounting, factoring strengthens the Balance Sheet.
Of course, there are other sources of capital available: You could use your Credit Cards but these come at a high price and may not provide you with the amounts you need. In any event, this is personal credit and why would you endanger your personal financial standing and use up sources of credit you might need for your personal items? Then, of course, you could borrow funds from rich relatives, but “getting into bed” with relatives is a sure way to damage family relationships at the least excuse. You could, perhaps, get a Home Equity Loan but why place your home at risk?
We have helped many businesses raise funds by relying on their outstanding invoices, have helped small companies to grow and innovate. Don’t be discouraged by the current banking situation. Getting the funding you need is easy with us. Call us. We are but a phone call away.