2. Factoring secures operating cash on a flexible and controllable basis. You do not have to factor all of your accounts receivables; you control which customers you factor and when. So, if you don’t need the money right away you have the option to factor your invoices one or even two weeks after you have submitted them for payment to your customer. This option will allow you to reduce to overall cost of factoring in the long run.
3. Factoring can help establish or improve a company’s credit standing. Having the Certainty of Available Funds can change your business. You can now focus your time and energies in growing your business instead of juggling cash flow to cover payroll or pay vendors on time. You can even take advantage of supplier discounts if it’s available.
Actually, Factoring is like having an unlimited line of credit based on your Accounts Receivables. The OPPORTUNITY can be endless.
To learn more about alternative financing options for your business please contact Rita Alcala, Vice President of Capital Solutions Bancorp 858-775-1934 or firstname.lastname@example.org