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ARTICLE: Invoice Factoring is Right For Your Business

Is Invoice Factoring right for Your Business?

Invoice factoring is more popular today than ever because it can give your business a much needed influx of cash immediately. All businesses need cash to operate and normally the more the better. For the most part banks today are only lending to A+++ rated companies. This, coupled with the fact that most customers today are holding on to their cash as long as possible and paying invoices as late as possible leaves the vast majority of companies looking for ways to increase their cash flow. Invoice factoring is a great way to address cash flow issues.

How invoice factoring works

The invoice factoring process is pretty simple. It is basically a three step process.

1. You Deliver the Goods or Services to your Customer
2. You send us a copy of the invoice
3. We fund your account the next day

Instead of waiting 30, 60,090 days or more to get paid you are paid immediately. Just imagine how much easier your life would be if you know you are going to be paid next day for your invoices. No more waiting and hoping the checks are in the mail, you have your cash now.

Invoice factoring pays you the next day for your invoices

Just imagine if you could turn the thousands or hundreds of thousands of dollars you have tied up in receivables into cash, cash that can be used for payroll, marketing, inventory or any other item you need it for. That is exactly what invoice factoring does, it frees up the cash for you to use immediately. When you begin factoring you simply fax or email the invoice to us and it is funded the next day – It’s that simple.

You can factor one, some or all of your customers - you choose.

With our invoice factoring program if you have a customer that pays you next day you do not need us for that customer. You choose which customers you wish to factor. If you have some habitually late customers that you want to factor, no problem, we deal with those customers every day.

No need for bank lines or bank loans with their restrictions

The application process is pretty straight forward. There is a one page application. We do not require financial statements or tax returns in most cases and you can usually be set up and operating the same week we receive your application. Also, with invoice factoring there are no restrictions on the use of the cash. You can do with it whatever you wish – no bank audits or bank review of your operations or bank restrictions on the use of the cash.

Is your company eligible for invoice factoring?

If your company sells to other businesses and has more than $50,000 per month that you would like to factor then you are an excellent factoring candidate. There are no time in business requirements and no credit requirements.

So if you would like to have cash instead of receivables and if you would like to be able to use that cash however you wish then you may want to consider invoice factoring for your company. If you want a quick response on what we can do simply send us a copy of an invoice or invoices for customers you are considering factoring. Fax to 614-573-7155 or email to:quote@usfinco.com. Or call us at 888-581-5990.

1. One page application
2. Fax to 614-573-7155