Accounts Receivable Factoring Information

Before you start factoring, you need to learn more about the process and how it can benefit your business. Here at Factor Finders, we provide you with all of the accounts receivable factoring information you need to help you make the best decision for your company. Read through the following accounts receivable factoring information and contact us if you have any factoring questions. Organizations with accounts receivable can use our services to receive immediate cash. Factors Finders supports numerous start-up and growing companies in need of more operating capital.

Unlike traditional lenders, factoring companies help our customers meet and manage their cash flow demands. Our clients can then continue to offer generous credit terms and attract new customers. Our factoring program yields many benefits for companies in need of more working capital including:

• The ability to keep suppliers and payroll current
• Bridging the cash flow gap that commonly occurs when companies offer credit terms
• Financial terms created to meet your corporation’s needs

Selecting the Right Factoring Program

Factoring companies differ in the services they provide. The best way to receive the factoring you need is to understand the services offered.

Factor Finders offers a variety of services across multiple industries. We offer:

• Accounts receivable collections and management
• Credit analysis
• Online reporting of your account status

Factor Finders features a smooth application process:

• Financials, credit history, and debt-to-income ratios are not required
• Limited documentation and paperwork is required

Small- or mid-sized companies that could use extra cash flow for operations should apply for our factoring services.

Factoring Companies Negotiating with Banks

Enterprises with existing bank loans may qualify for our factoring program. Factor Finders can facilitate additional operating capital by negotiating with traditional lenders on your behalf in one of two ways:

1. Factor Finders can use your company’s receivable to instigate a buyout or payoff.
2. Talk to the bank about subordinating the receivables to Factor Finders.

Factoring Decisions Happen in Days

Our factoring decisions are made with very little underwriting and are primarily based on the credit worthiness of your customers (account debtors). Initial processing takes about 5 business days and future financing happens within 24 hours.

Creating Collateral

Businesses that offer services on credit can convert their receivables into working capital. Factor Finders advances funds against your available receivables. The invoices become collateral that managers can draw cash against when convenient. No debt is added to your balance sheet as you receive working capital and expand your business.

Specialized Factoring Services by Industry

Factor Finders considers your industry when creating your financial solution. Because invoicing is very industry focused, factoring companies tend to specialize in specific industries. General requirements apply to all industries:

• Your invoices must be verifiable by your customer (account debtor).
• You must provide services or deliver products to commercial accounts.
• Services must be completed and free of contingencies or disputes.

Other articles on invoice factoring:

Invoice Factoring vs. Small Business Credit Cards