Accounts Receivable Financing: Immediate Funding

Most people know by now that the banking industry is in a consolidation phase and that the capital markets have dried up considerably making it difficult for many corporations to borrow or obtain open lines of credit as they did in the past.Today, many companies are unable to qualify for traditional bank lending due to limited lending capital and stricter borrowing requirements imposed on business applicants.

To add insult to injury, many borrowers with active open lines of credit have been required by their lenders to bring the lines current making it difficult to access cash as easily as before.

Since business credit has become such a big challenge for many companies in this country, there are fewer and fewer options for businesses seeking cash. But there has to be a way for companies to circumvent the system and obtain immediate access to cash without the restrictions imposed upon them from the banking community, right?

Yes! The answer is Accounts Receivable Financing (aka Factoring).

Accounts receivable financing is a great option for many companies making it super easy to obtain cash advances on their receivables for an immediate stream of funds without having to wait 30, 60, 90, 120 days, or even longer, to get paid from their customers. In fact, depending on the program chosen, the cash from each receivable is guaranteed to be paid regardless if the customer fails to fulfill their obligations. What’s more, the collections efforts if each receivable is automatically transferred to the factoring company allowing businesses the opportunity to focus on their core competencies and not have to worry about the inefficient results of the collections process, while at the same time, having immediate access to cash to fund their operations.

Have a question or comment about  accounts receivable financing?  Feel free to contact us using the form to the right or call 1-631-585-0960.