Here are five reasons why many businesses choose factoring as a way to sustain their operations and maintain growth. Learn how factoring receivables can help your small business get cash in less time than you might think.
Invoice Factoring: 5 Benefits for Small Businesses
1. Invoice Factoring: 5
Benefits for Small
Businesses
Learn how factoring receivables can help your small business
get cash in less time than you might think.
2. 1. Simple application process
Invoice factoring companies do not require a
long, extensive application process.
Applying for invoice factoring can be done in
hours rather than days, a few pages rather than a
tall stack of them.
3. 2. Get Your Money Fast
Banks can take several weeks to approve your
loan application and even more time to lend you
the cash you need.
Invoice factoring takes 24 hours (in most cases).
4. 3. Use the Money How You Want
When applying for a small business loan, you
have to explain why you need the money and
how you will use it.
However, when factoring receivables, you are
free to do what you want with your money.
Factoring receivables is not a loan.
So use the money to pay vendors, cover payroll,
secure a new contract, etc.
5. 4. Outsource Your Collections
With years of professional training, a factoring
company will handle the collections process for
you, saving you time and money.
Don’t even be concerned about collections. You
simply create the invoice, and we handle the
rest.
6. 5. Customer Service Oriented
• Banks use a long and tedious applications process,
and are ill prepared with the needs of small- and
medium-sized businesses.
• Invoice factoring companies use a simple
application process. They are more interested in
your needs as a business and who you sell to.
7. Ready to Learn More About the
Benefits of Invoice Factoring?
• If you are a small business owner looking to get cash
to grow your business, pay your bills, meet payroll,
boost cash flow or more, contact the experts:
Business Factors & Finance at 888-659-0528
• A representative will explain how factoring
receivables works, what to expect, and how to use
factoring services to your best advantage.
• They can answer your questions about costs, when
you can get your money and more. Contact us today!