Factoring.us.com helps business owners determine if invoice factoring will make sense by accessing our network of factor companies. Most Business owners know that invoice financing can be a great tool, but not every business can benefit by factoring accounts receivables.  The concept of getting cash immediately for your invoices may sound attractive, but in reality you could be better served by using other business finance tools such as a traditional line of credit from a local bank.  With this business finance product the business can draw funds as needed to cover payroll and other expenses and then pay the line of credit balance down after payment is received from your customers.  As long as you make paying down the line of credit a priority and manage the process closely you can harness many of the benefits provided by invoice factoring at a much lower rate.  Many factor companies will try to sell their services even if its not the best solution for the client.  A few banks in our network offer bank factoring which is often cheaper than factoring receivables with a non bank factor.  The problem with bank factoring is all the paper work required.  They require the same or more financial and personal data then the bank line of credit and you pay twice as much in fees.  

If you would like a quick factoring quote calls us now at 1-877-876-2803.

To receive a quote via email in minutes click here!

Do not be alarmed if your bank turns down your request for a working capital line of credit.  In fact, in today's banking environment its very common to get the turn down call.  Most banks will not provide working capital lines of credit if any risk is involved.  They are no longer in the risk business like the good old days.  This is why we exist.  Our team of ex bankers and finance experts combined have over 40 years experience finding working capital for small business owners. 

When you begin factoring your accounts 30, 60, and even 90 day pay customers become one day pay customers.  Just like with the traditional business line of credit you can have funds for payroll and other expenses until the payment is made by your customers. The good news is the factor company can approve the deal based on your customers credit, allowing you to leverage your customers credit to get a cash flow solution for your business.  Our non bank factors do not require business financials or tax returns saving you valuable time. Many other factor companies forgot what factoring really is and now require more documentation then banks.  If your dealing with a factoring company requesting business financials, tax returns, and personal financial statements you should consider looking for another factor company as they are most likely trying to underwrite factoring like a bank loan.  Many of these factor companies think it's OK to have you running around jumping through hoops collecting data that is not needed to factor receivables.

Of course the downside to factoring your invoices is the cost of money.  While some factor companies offer very reasonable cost, we have found that the majority charge invoice discounting fees that range from .5% to as much as 10%.  When you calculate the annual percentage rate and compare to a traditional loan this can be 10% to 50% APR.  This expense can truly drain a business of profit, unless the benefits of factoring are greater than the expense of factoring.  Each business owner needs to look at his or her business model and determine how they could operate if every customer paid them in one day.  If you could benefit more than the cost of factoring, then you may be a fit for factoring.

If you feel you could benefit from factoring and would like a rate quote click here or call us at 1-877-876-2803.

We do not want anyone to contact us if they are better served by utilizing a traditional line of credit.  We have simply worked in the industry for over 10 years and have become experts in the factoring industry.  At no cost to you we can hep determine if factoring will help your business and provide instant factoring rate quotes so you can determine if it makes sense to make the change to invoice factoring. 

We can provide factoring rate quotes in 24 hours or less by
clicking here or calling 1-877-876-2803 and speaking
with one of our experienced representatives.

Factoring Rates can very by 50%, so don't over pay.

At Factoring.us.com we offer the financial solution to get your company the cash flow to do business.  Whether you need $5,000 monthly or $30,000 monthly, we have solutions at the lowest possible cost and best overall service.

Apply online or call us today for a free factoring quote at 1-877-876-2803. We are here to make your business more successful.

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