Benefits of Factoring

1. No Long Term Obligations: With factoring, there are no long term contracts to be approved. You can factor as little or as much as you like.
2. Access To Immediate Cash: You receive cash advances on qualified receivables within hours, so you can take care of operating expenses, expansion plans or other necessary items.
3. Tap Into Unlimited Capital: Factoring is the only source of business financing that grows with your sales. As sales increase, more money becomes immediately available. Unlike traditional bank financing, factoring generally has no maximum limits to restrict growth.
4. Take Advantage Of Early Payment Discounts: Most vendors offer discounts for early bill payment. Often, you can receive a 2% discount if you pay these bills within 10 days. This will not only increase your credit rating; it will also defray factoring costs.
5. No Liability On Your Balance Sheet: Factoring is not a business loan; there is no debt, and there are no long term obligations that appear on your balance sheet-making it easier to obtain other financing.
6. Create A Cash Flow By Leveraging Your Customers Credit: You don't have to have good credit or a long term operating history for factoring services; all you need are strong, credit-worthy customers.