Factoring for Springfield
Invoice factoring improves cash flow in small businesses and all businesses. Whether its a manufacturer, importer, exporter, subcontractor or medical practice factoring provides faster payment of bills owed to you.
Factoring Definition
Factoring is simply an advance on funds owed to you. If you sell to Bass Pro, Walmart or most others you realize just because you delivered doesn't mean the money is in your account. No that will be 30 to 60 days.
During that time period your rent, utilities, insurance, payroll and all other expenses continue.
By using factoring (or accounts receivable finance) you can have that money now to help you not only meet those obligations but may also allow you to take advantage of other opportunities.
How much more business could you take on if your cash flow was in high gear?
Who uses factoring
- Medical Practices use factoring
- Hospitals use factoring
- Specialty nursing facilities use factoring
- Subcontractors use factoring
- Manufactures use factoring
- Shippers use factoring
- Trucking companies use factoring
- Importers & exporters use factoring
- You too can probably benefit from factoring