Want to Work with Colorado's Best Invoice Factoring Companies?
Factor Finders can help you with that! If you are looking to expand your business, factoring companies in Colorado can help, from Denver to Colorado Springs. One of the simplest and most efficient ways to get funding as a small business owner is through a process called invoice factoring. Too often, businesses are prevented from pursuing advantageous ventures because they are waiting for their customers to pay off their accounts receivable. Imagine how beneficial it would be if you could eliminate having to wait for such payments. Trust Factor Finders to pair your business with the best Colorado factoring companies available.
Colorado Factoring Companies Provide Quick & Easy Funding
Worried that bad credit will prevent you from being applicable for this safe, easy process? Don’t be!
One of the greatest things about accounts receivable factoring is that factoring companies don’t base approval on your past. Your credit means nothing throughout the process, seeing as the factor never lends you any money. All they do is purchase your accounts receivable, so all of the money that you are given is yours. Rather, it is the credibility of your debtor that is important, as they make payments to the invoice factoring company.
A Few Great Reasons to Fund with Colorado Factoring Companies
Invoice factoring offers your Colorado business a number of benefits that other methods of funding simply do not.
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Call us today @ 855-322-8671 to find the perfect Colorado factoring company!
How Does the Invoice Factoring Process Work?
First, after an initial approval process, the Colorado factoring company buys your outstanding invoice(s). Once verified, the Colorado factoring company gives you between 80%-95% of the total value of your invoice within 24 hours. By purchasing your invoices, the factoring company eliminates the need to wait weeks/months before you are able to collect your hard-earned cash, thereby giving you access to immediate working capital which can be used however you like. The remaining balance is held in reserve until payment is received.
The factor works with your debtor and collects payments directly from them. No longer do you need to hound your clients/costumers to make their payments on time. Colorado factoring companies are experts at working with your debtors, making collections in a prompt, professional manner every time. The factor generally collects the entire installment within a 30, 60, or 90 day period.
The Colorado factoring company provides you with the remaining sum from your invoice, minus a small fee. Invoice factoring can greatly increase your cash flow, and lets your business pursue all of the ventures that it needs to grow and expand.
Grow Your Small Business with Invoice Factoring