Fast Funding Solutions for Small Businesses
If you are looking to expand your small business, it is time to consider working with factoring companies in Los Angeles.
Los Angeles Factoring Companies for California Brands
One of the biggest production-killers for business owners is having to wait for clients/customers to pay off outstanding accounts receivables. Let’s face it, time is money. Therefore, wasting time waiting for your customers to pay their invoices costs you money. Your time is far too valuable to spend waiting to collect your dues. Los Angeles factoring companies, through the practice of invoice factoring, can provide you with a secure, steady cash flow and can eliminate the tedious waiting game. Let Factor Finders help your business find the perfect factoring firm in the City of Angels.
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Los Angeles Invoice Factoring
Invoice factoring, which also goes by accounts receivable or business factoring, is a very simple, comprehensible process.
First, a California factoring company purchases your outstanding invoices, giving you between 70%-98% of its face value within 24 hours of submitting the invoice. Then, the factor assumes the responsibility of collecting payments from your debtor, working with them directly and gathering the complete installment within a 30, 60, or 90 day period. Finally, once the Los Angeles factory has collected all of the dues from your debtor, you are given the rest of your money (the 2%-30% of the original value of your invoice that you weren’t given at the onset of the transaction) minus a nominal service fee.
Easy, right? Los Angeles factoring companies are reliable and can get you much-needed funding in a very simple manner.
Why LA Factoring is the Right Choice
There are a number of aspects of invoice factoring in Los Angeles that make it a safe, smart way to get funding. The first one that comes to mind is the most obvious: factoring companies in L.A. increase your cash flow and give you immediate working capital that you can use to invest in growth. There is no longer a need to put off advantageous deals, purchases, or investments because you are waiting to collect the money that you are due from prior endeavors. Having your money on hand right away is a huge perk and frees you up to continue to promote your enterprise. Another advantage that Los Angeles factoring companies offer is that this method of funding does not require you to take on even one dollar’s-worth of debt.
Additionally, your credit does not come into play when you use invoice factoring. The factor doesn’t take your credit history into account because, after all, they are not taking any risk on you by loaning you money. Rather, they are interested in the financial history of your debtors, as they collect money from them. Moreover, your client is guaranteed to be satisfied working with your factoring company. Factor Finders only sets business owners up with Los Angeles’s best factoring firms, all of which have a history of professionalism and outstanding business etiquette. Remember, Los Angeles factoring companies purchase your outstanding invoices — they never lend you their money. Therefore, there is no risk of getting into debt, something that causes many businesses to fail.
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Los Angeles Factoring Solutions for Any Industry
Businesses in California often find they need extra capital to cover expenses during periods of rapid and unexpected growth. Working with Factor Finders guarantees your business will be matched with the best factoring company in California or throughout the US to fulfill your funding needs.
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