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Factoring works well for service Charlotte companies and manufacturers who have solid customers but only limited resources to front the necessary costs for 30 to 40 days until payment arrives. Ask yourself:
- Is my cash tied up in unpaid invoices?
- Is payroll my largest expense?
- Am I growing but increasingly short of cash?
- Have I been in business only a short amount of time?
My company has been factoring with Capital Plus now for over a year. My experience has been above satisfactory. I have always received money in a timely fashion and the reserves have always been on time.”
- Harvey Gilville
Why invoice factoring?
- Quick cash: Usually within 24-48 hours
- Frees up cash tied up in accounts receivable or unpaid invoices
- Eliminates waiting 30-90 days or more for unpaid invoice payments
- Easy: No credit score, no credit check, no financial statements required and no long term contracts to sign
- A continuous source of cash as your business grows, no borrowing required
- No debt creation: Factoring is a sale of invoices, not a loan
- Improves cash flow to meet payroll, pay taxes, pay vendors and fund business growth
- Convenient and flexible: Start, stop or continue factoring as needed
- Start up businesses allowed: If you are a start up company, you can still factor invoices and get the cash you need today
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