Increase Cash Flow. Without Loans or Debt.
Invoice Factoring allows you to receive funds from your client today, rather than waiting weeks or months for them to pay you. It's not a loan. It's smarter.
Factoring advances you money based on your customer's creditworthiness; no matter if you're a new business or have poor credit.
The cost to you? As low as 1%.
Continuous cash flow
Eliminates the need for another loan
Funds transferred as quick as same day
No minimum credit score
Start-ups or poor credit no problem
Eliminates business flow bottlenecking
You pick & choose your invoices
High advance rates
No fees for start-up, application, or reporting
No long-term contract or monthly minimums
INVOICE RECEIVABLES FACTORING
Invoice factoring is trusted by countless small and mid-sized businesses. The benefits: you receive funds your client owes you now, rather than waiting weeks or months for them to pay you.
When a customer owes you money, a factor purchases your invoice(s), and you receive your funds immediately to use for any pressing need (payroll, equipment, a new project or order, rent, inventory, marketing, personal use, or any other need).
The cost? As low as 1%. There are other factoring companies, but none are as flexible as our funding partner. They do what they promise, no strings, or extra fees, or minimums, attached. We work together with you and our factoring partner to get cash flowing. Now.
Atlas Furniture of Westbury, NY, has been installing business & residential furniture since 2007. Early on, when they needed capital to grow, banks were not an option. They had clients but in order to achieve real growth, they needed increased cash flow.
THEIR ISSUE: PAYMENT LAG
Upon receiving a customer's order, Atlas would outlay considerable cash to complete a job. When the client was fully satisfied, Atlas would wait up to 6 weeks for payment. This consistent payment lag made it difficult to take on other jobs or properly invest in their new company. Fortunately, they discovered invoice factoring.
From 2008 to 2013 they forwarded many of their customer invoices to Factor King, of Hauppauge, NY; on average, 5 invoices per week for 5 years. In turn, Factor King would immediately wire Atlas their funds, as opposed to the furniture company waiting weeks for payment. It made all the difference in the world, and provided the young company with continuous cash flow. "I'm eternally grateful that we had Factor King at our side early on," says Anthony Paladino, owner of Atlas Furniture. "Without factoring, I'm pretty confident my business wouldn't have survived."
PURCHASE ORDER FINANCING
Imagine a scenario where you're unable to fulfill a P.O. because you lack funds. What are your options?
There's a simple way to fulfill an order without coming up with your own funds. Purchase order financing gives businesses the ability to fulfill an unlimited number of P.O.'s. It's a smart, helpful and speedy method by which your business gets the much-needed funding to fill open purchase orders you'd otherwise not have the finances to complete on your own.
Simply put, the P.O. financing partner pays for the goods based off the P.O. directly and the supplier sends the product, per normal procedures.
Once your customer receives the goods, the factor company will advance additional funds directly to you based off the invoice amount. The factor company then waits to collect the invoice payment from the customer. We'd be happy to explain how it works and the requirements on both ends.
Contact us to learn.