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If your customers are becoming the biggest obstacle to your business success, by paying later than the 30 days allowed, receivable financing might work best for you. Many growing businesses struggle because the invoice payment cycle is so much longer than the payroll and bill cycle. Money owed to you comes in a lot slower than the bills you need to pay. Factoring is selling your invoices so you can get paid up front. When you have a pile of invoices for work that you have already completed but haven’t been paid for yet, one option is to sell those invoices to a company who will pay you NOW, so you can make payroll or take on more work to build your business. |
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| Why Use Factoring | ||||
| Fast and easy process |
Eliminate long billing cycles |
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| Pay off past due operating expenses |
Pay off delinquent obligations | |||
| Purchase Order Financing — The Funding Source offers financing to manufacturers, distributors and produce companies. We can finance the largest of companies to the smallest, including start-ups. The Funding Source understands the business of manufacturing and production. We know the most important factors to your company’s success is being able to manufacture and deliver your product on time. We usually fund loans within 2 business days of approval. |
| Benefits | |||
| Cash received for your Invoices in 24 hours or less |
Add capital to your business that is not a loan |
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| Gain needed capital Without giving up equity |
Receive professional accounts receivable management | ||
| Rreduce bad debts by using the factor's credit department |
Make professional quick credit decisions for new customers |
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| Improve decision-making on new business | Reduce administration costs associated with collection activity | ||
| Increase marketing efforts | Increase cash flow without additional debt | ||
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Remember we work for you ! So don’t wait or hesitate, call us now to get more information about ANY of our business services. Call us toll free: 1-877-386-3408 |