There Are Many Reasons Why Factoring Should Be Considered

Business, Financing.

Factoring: what's in it for you? - factoring or accounts receivable financing is a tool for providing working capital and cash flow to businesses of all sizes and in all industries. There are many reasons why Factoring should be considered.

It is especially useful for startups and for small, women, minority - owned and/ or disadvantaged companies. - below i have highlighted some of the benefits. Funding is based on the financial strength of your customers. QUALIFYING: If you' re a start up or already have significant debt, you can still qualify for this financing. SPEED: the initial application process is fast, usually within a week. PREDICTABLE: You have access to a steady, predictable cash flow. Then, as you generate and submit your invoices, CA$ H is deposited into your bank account in 24 to 48 hours.

Invoices can be submitted daily. - no longer are you held hostage to the whims of your customers. CONTROL: No longer do your customers determine your cash flow. And you are freed of credit term abuses. We try to match you up with a factor/ funding source that can handle current and future growth. UNLIMITED: Virtually unlimited funds are available. But, in the unlikely event that you do exceed the capabilities of the funding company, Noble Finance$ will assist in converting your account so that you have uninterrupted cash flow.

Additional savings are made when you can take advantage of volume discounts. - cost savings: factoring clients have the ability to take advantage of early payment discounts from their suppliers. These savings can significantly offset the factoring expenses. Suppliers are incented to provide better and more timely goods and services. GOODWILL: Paying suppliers on time improves vendor relations and fosters good will. This is a win - win situation.

GROWTH: Factoring provides the working capital you need to fund business fund growth in general and to fund new lines of products or services, in particular. - vendors are better able to survive and support your expansion and growth. DIFFERENTIATION: Without concerns about cash flow, you can attract more business by offering better terms on your invoices. Factoring allows you to negotiate with terms instead of, or in addition to price. Most companies negotiate on price to win business in a competitive market. SCALABLE: Your funding grows as your business grows.

PEACE OF MIND: Get freedom from worry about how to meet payroll and pay tax obligations. - no need to re - apply for a new or increased loan or line of credit. You' ll have sufficient working capital to eliminate these concerns. This frees up time spent on collections. COLLECTIONS: The factor handles the collections. Factoring clients generally have faster payments, since customers tend to pay financial entities faster than they pay other corporations. You can control some of the factoring fees by waiting to submit invoices.

FLEXIBLE: No obligations, and no maximums, no minimums.