The globalization of the world market coupled with the advancement of technology has led to Invoice Factoring becoming an important tool in the hands of the businessman.
What Is Factoring?
Factoring is a transaction wherein 3 parties are involved, namely –
The receivables
The debtor,
The factor.
The businessman sells the whole or part of his invoice or goods receivable at a discount to the factor who then acquires the right to receive the payments from the debtor on this invoice. The use of invoice factoring enables a business to obtain ready cash on sale of its goods and utilize the money for the advancement of the business.
Why 1st American For Invoice Factoring?
We at 1st American Factoring recognize this need and have made it our business to help make your business grow. The speed and quality of our services will help to make invoice factoring an essential part of your business. There are none of the delays usually involved in organizing a loan from the bank or the stress associated with payment of interest. At very reasonable discounts, we make available to you immediate cash against purchase of your receivables.
Terms and conditions of invoice factoring at 1st American Factoring are tailored to meet your needs and the credit history of your client. The credit line we offer takes minimum time to organize with very little paperwork. Your invoices are the collaterals we rely on. Our credit line by increasing your cash flow helps in the growth of your business. When you make use of the services of 1st American Factoring, you ensure you have zero bad debts. The most attractive benefit is the minimum fees charged by us for rendering our services.
Our services are available to a start-up business, a well-established one, or a not so successful business. The rates we charge are transparent, there are no hidden costs, and you know exactly where you stand with invoice factoring with 1st American Factoring.. and many
more.
