of Factoring Receivables
is on the simplest financial services available to ease
your cash flow burden. By expanding your cash flow, your
business will become more nimble and able to take advantage
of business opportunities. Not only will factoring improve
your cash flow and help your credit rating, but it will
also allow you to take advange of vendor discounts and
allievate the hassels of collection. Because factoring
relies on the strength and creditworthiness of your customers,
factoring companies do not need to probe into your finances
like a bank to approve your funding. The best part about
factoring is that is is so simple and easy to apply.
You decide the level of funding that you want.
The advance rate is determined by the credit worthiness
of the customers.
Increase your credit line as your sales grow.Factoring
as a Negotiating Tool!
If you're trying to win business away from your competitors
Factoring can give you that extra edge that you need to
stay competitive in the marketplace. Imagine your prices
are neck and neck with a competitor but you are able to
offer more attractive payment terms. The odds are you
would win the business in this situtation. This is a great
Instead of dealing with cost cutting, factoring enables
you to turn the tables in negotiations whereby you negotiate
over payment terms. You will be pleasantly surprised when
you realize how much your customers value longer payment
Build the cost of factoring into your quotes. The customer
won't even realize he is paying for the factoring. This
helps keep your margins intact.