| What Is Accounts Receivable Financing
Accounts receivable financing (also known as factoring) is the sale of your outstanding invoices or receivables to a factoring company, who in turn provides immediate cash to your business. If your greatest asset is the amount of invoices you bill customers monthly, then factoring can be a powerful way of increasing your business' cash flow without incurring additional debt. The biggest requirement is that your company does business with reputable customers. The funds you receive can be used for anything from making payroll to purchasing new equipment.
How Does It Work 
Things To Consider
The fees assessed are based on the volume of business you do, the length of time it takes your customers to pay, and their credit worthiness (unlike bank loans, factors are mostly interested in your customers’ ability to pay their bills, not yours!)
Other important things to consider include what specific uses you have for the additional cash, and how quickly you need funding. It is also important that you work with a factoring company that knows your industry well, and has an excellent payment process in place.
What We Do For You
At Mathu & Co. Consulting we broker accounts receivable financing through industry-leading factoring companies. We do the following for you:
- Assess your funding requirements. Including reviewing your products & services, client list, invoice terms and outstanding receivables.
- Find the factoring companies’ best suited to work with your business, and offer the most attractive funding terms.
- Help establish the factoring relationship and ensure its on-going success.
Our services will save you time, money and energy, so you can focus on other more productive activities, such as generating more sales!
Contact Us today for a FREE no-obligation consultation. |
