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-Distributors, Importers and Resellers offer terms to their customers that may actually
put a delay on receiving much-needed cash. Such a delay can block your business from
meeting its objectives, taking on new clients and accepting new distribution orders. Because
of this you, may try to depend on business loans or other types of business funding to
get things running as usual. Unfortunately, these other forms of financing can carry fees
that can break your company through debt. Distributor Factoring steps in to advance
cash to these companies that experience slow-payments so that they can continue business. The process
simply allows you to sell your unpaid invoices in exchange for cash advancement. To engage
in invoice factoring, you don’t need to be a perfect business. The presence of slow-paying
customers, rejection from banks, poor credit and seasonal sales patterns can all actually
qualify your firm for factoring. This is because we check your customer’s creditworthiness
instead of focusing on your financial performance or ability to pay a loan. Other factoring
services we provide to finance your business include purchase order financing, asset based
lending, and government contract receivables financing. The requirements for invoice factoring
isn’t complicated either. Here’s what we need. - Application, an accounts receivable
aging report, a customer list, copy of articles of incorporation, and your invoices to factor.
With distributor factoring, distribution firms are able to dodge the pitfalls that come with
other funding methods while obtaining cash fast. So get a factoring quote by contacting
us today at 1-855-FACTOR-1 today.