Atlanta Factoring For Small Businesses
Most businesses that are looking to expand do not realize that factoring companies in Atlanta can expedite that process.
How many times has your small business had to put aside its ambitious plans because you were short of a stable cash flow? Have you had to pass up advantageous business ventures because you are waiting for your clients/customers to pay off outstanding accounts receivables? Factor Finders can make such headaches a thing of the past.
Atlanta Factoring Companies Bring Out Potential
Factor Finders will take the time to get to know you and your business and match you with the best factoring company in Georgia or elsewhere for your needs and goals. It’s our goal to help your company find the working capital it needs to be able to explore new opportunities, take on bigger and better clients and get you the funds you need to be successful.
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How Does Invoice Factoring Work in Atlanta?
Invoice factoring is quick and easy, unlike a traditional bank loan or other funding source. An Atlanta factoring company purchases your outstanding receivables and issues a cash advance of up to 98% within 24 hours. A small percentage is held in reserve until the invoices are paid. Once paid to the factor by your debtor, the factor returns the remainder minus a small factoring fee. Invoice factoring is one of the best ways to offset negative cash flow due to slow-paying clients.
Beneficial Aspects of Atlanta Factoring
First, the application is effortless and can be approved in as few as 3-5 business days. Conventional bank loans can take weeks or even months for approval and you might not necessarily get all the money you need. there are no monthly minimums or maximums — you get to choose how much you factor and when.
You don’t have to worry about any past financial roadblocks that might traditionally hinder getting more money. Your credit score is irrelevant to Atlanta factoring companies. By leveraging the credit worthiness of your stable (albeit slow-paying) customers, you can actually build your own credit and work on creating a financially sound future.
Having a solid flow of cash is crucial to growing your business. With a continuous presence of working capital, you can invest and purchase items or facilities that will increase productivity of your enterprise, or spend it building new relationships and business partners. Getting funds you need has never been easier to do.