Accounts Receivable
What is Factoring?
Accounts Receivable Financing, also know as Factoring is the advance funding of a company's accounts receivable invoices to provide working capital. If you can't afford to wait 30, 45 or 60 days or more, for your clients to pay their bills, you can pledge your accounts receivables to a factor in return for cash right away.
Why Factoring?
There are many good reasons to consider adopting factoring as a way to enhance cash flow in your business.
- Increase your available working capital
- Purchase inventory to take advantage of bulk/early payment discounts
- Take on that large new account with confidence
- Expand rapidly into a new market
- Pay your bills, taxes and other obligations on time
- Avoid long term debt
- Avoid giving up equity or control of your business
Who Needs Factoring?
- Small to medium sized businesses who can't get conventional funding
- Businesses that need operating capital
- Businesses trying to expand and who need a cash flow injection to do so
- Businesses with tax liens or other problems
- Businesses working through Chapter 11 or bankruptcy
What types of businesses can fund their accounts receivables?
Small to medium sized businesses, both start up and established, who sell business-to-business products, goods and services. The eligible company must generate a minimum of $30,000 per month ($360,000 a year) of invoices to qualify for the program.
Get Started today by calling Integra Commercial Lending at 803-548-2822 or by emailing us at info@integracommerciallending.com.