Factoring has a long-standing history and
is nowadays widely accepted and used as
a financing source in many industries. It
is also known as “Accounts Receivable Funding”,
which - simply put - is the process
of purchasing accounts receivable (invoices)
from a business at a discount.
Accounts Receivable Funding is
neither a form of debt, nor is it equity
financing. And it is not a loan.
Accounts Receivable Funding is a cash flow
solution that doesn’t involve borrowing
or giving up any ownership in your business.
Since there is no debt or equity involved,
Accounts Receivable Funding is more
flexible than many other traditional forms
of financing.
Any business that is not a “cash
& carry” can benefit from Accounts Receivable
Funding, as long as an invoice is generated,
and a verifiable product or service is delivered
to a business or government.
Why
would you possibly want to wait 30, 60, or 90 days
for your customers to pay their invoices?
The
Funding Process
Accounts Receivable Financing is a very
simple, quick, and cost efficient way to improve
your cash flow immediately without creating any
form of debt. In fact, this is one of
the things that make Factoring so unique and attractive!
The process of converting your accounts receivable
into cash within 24 – 48 hours and thus turning
your business into a COD operation through Factoring
is straightforward and most convenient:
The
Funding Process
Step
1:
Contact Multiple Funding Solutions, Inc.
for a free consultation to define your needs
Step
2:
Complete a short business profile and application
Step
3:
You will receive the proposal with the best funding
solution for your review
Step
4:
Once you agree, your account is approved/opened.
You’re ready to factor your invoices
Step
5:
Invoices are verified, and the funds are advanced
to you within 24 – 48 hours
Ask
yourself 6 simple questions
1.
Is your business sometimes short of cash?
2.
Can a better cash flow help you take advantage
of supplier discounts or generate more sales?
3.
Is your business growing, or could it grow
faster with an improved cash flow?
4.
Do you wish that your customers paid their
invoices sooner or even on a C.O.D. basis?
5.
Is your income affected by seasonal slowdowns?
6.
Is your business growing so rapidly that
its cash flow can‘t keep up with its growth?
Experience across many industries and businesses
suggests that a “yes” to any of these questions
can make Factoring extremely advantageous
for you!
As a matter of fact, an adequate and constant
cash flow is crucial for any business
and its growth at any time
But don’t let cash flow challenges get
in the way of your business and success
any longer. Ask us how we can help.
What
is Factoring?
