Does Your Dallas Business Need to Get Paid Faster?
One of the biggest impediments to progress that business owners face is the lack of a consistent cash flow. Waiting for your clients to pay off outstanding invoices is frustrating. Wouldn’t it be nice if you didn’t have to wait, and you could have working capital as soon as your transactions are made? With invoice factoring, such dreams can become a reality.
If you are looking to expand your small business and are tired of waiting for your customers/clients to pay outstanding accounts receivables, let Factor Finders help you find the best factoring companies in Texas. Factor Finders will take the time to get to know your business and its specific goals and needs, and will then set you up with the perfect Dallas factoring company.
Advanced Payments Whenever You Need it
Factoring ensures you’ll always have steady working capital to fund payroll, purchase new supplies, cover marketing expenses and grow your Dallas business. Your factoring company can also help you take care of basic office tasks–giving you the time and energy to focus on expanding a successful enterprise. There are no minimums or maximums, meaning your funding potential is unlimited. No long term contracts are require, offering your business ultimate flexibility. You choose how long and which invoices you want to factor!
How it Works with Dallas Factoring Companies
Invoice factoring is a comprehensive business solution that can provide your business with the fresh vitality it needs to grow. The process is quick and easy, helping you get on your way to new and exciting endeavors.
First, a Dallas factoring company purchases your outstanding accounts receivable, giving you between 80%-95% of its face value within 24 hours of verifying the invoices (the remaining amount is held in a reserve account). Next, the factor works directly with your customer, collecting payments on the invoice. Finally, once the factor has collected payment from your customer, you are given the remaining balance of your accounts receivable, minus a small service fee.Your business is then free to use their factored receivables on any business expense that they choose.
What Could Your Business Do With More Money?
Give us a call and find out. 855-322-8671
Factoring For Small Dallas Businesses
They say everything is bigger in Texas, but your business debt doesn’t need to be. By selling your outstanding invoices, you won’t have to add any further debt to your balance sheet, unlike a traditional bank loan process. Furthermore, Dallas factoring companies do not care about your credit history when they make the decision to fund you. Because they never loan you any money, there is no reason for them to inquire or take into account your financial history. Rather, it is the credit of your debtor that is significant, as they are the ones who will be paying the Dallas factoring company.