What Is Invoice Factoring/Accounts Receivable Factoring?
Invoice factoring (also known as accounts receivable factoring) is the sale of a company’s invoices to a financing company at a small discount, in exchange for immediate capital to help run your business. The purpose of such a transaction is to provide more money for your company up front, so you have more cash on hand for other business expenses. Invoice factoring accounts for billions of dollars annually, and is used by companies from Fortune 500 corporations to small businesses as a means of freeing up funds from outstanding invoices to apply to other areas of their companies.
CapitalPlus can work with your business to offer invoice factoring services you won’t find anywhere else, so we can help you meet your company’s financial needs. Because we are a direct lender and not a broker, we are able to directly offer very competitive rates, coupled with exceptional service.
Advantages of Invoice Factoring/Accounts Receivable Factoring
Invoice factoring of your unpaid invoices enables you to quickly get the funding your company needs for necessities such as payroll and operating costs. With invoice/accounts receivable factoring through CapitalPlus, you can turn unpaid invoices into immediate capital to pay bills, improve cash flow, expand your business, pay off debt and take advantage of new business opportunities. Selling your invoices for cash today allows you to grow your business and worry less about having the money for day-to-day operating expenses.
By using invoice factoring, you can eliminate the 30- to 90-day period it typically takes for customers to pay their invoices, and you’ll have the immediate cash on hand that you need to run your business. No matter your reasons for choosing invoice/accounts receivable factoring as a financial service for your company, you’re sure to reap the rewards of your decision. To put the advantages of factoring to work for your company, contact CapitalPlus today.
Thank you for sending the money same day. I would not be in business if it were not for you.