WHAT IS FACTORING?

Receivable Based Financing

  


 

 

Simply put...factoring turns your receivables into cash today,
instead waiting to be paid at a future date.

Factoring is the time honored and increasingly utilized financial tool that speeds client cash flow and helps avoid the problems that slow-paying customers can create for fast-growing companies. Factoring provides quick and convenient funding to growing companies who need capital to expand their business. To do this, factors purchase your credit-worthy accounts receivable at a small discount and fund you with immediate cash.

Factoring is not a loan. There is no debt repayment, no compromise to your balance sheet, no long-term agreements or delays associated with other methods of raising capital. Factoring allows you to use your own hard earned assets to create cash for the growth needs of your company today.

What is factoring? Buying invoices from a business at a discount.

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©2002 1st American Factoring