Advances:
Inheritance Advances
Lawsuit Advances
Structured Settlements
Military Pensions
Retirement Pensions
Divorce Advances
Life Settlement Advances
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Lottery/Sweepstake/Jackpot
Business Funding:
Accounts Receivable
Medical Receivable
Purchase Order
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Business Notes
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Delinquent Debt
Creative Funding
Articles:
Lawsuit Advances
Cash For Lottery Winnings
Heir Advance
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Inheritance Funding
Inheritance Loan
Lawsuit Cash Advance
Lawsuit Loan
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Pre-Settlement Funding
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Probate Advance
Probate Loan
Sell Lottery Winnings
Sell Structured Settlement
Structured Settlement Advances
Settlement Cash Advance
Settlement Loans
Structured Settlement Loans
Accounts Receivable Funding can allow you to:
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What is Accounts Receivable Funding (Factoring)?
Accounts Receivable Funding (factoring) is the purchase of a business' accounts receivable at a discount.
The Benefits of Accounts Receivable Funding (Factoring):
- Unlimited source of capital. As your business grows so does your ability to get capital immediately through factoring.
- Improve your balance sheet by reducing your accounts receivable and increasing your cash.
- Increase profits by taking advantage of cash discounts from suppliers to lower your cost of providing goods and services.
- Offering better credit terms to your customers without having to worry about cash flow problems while you wait to collect.
- Get access to capital without incurring any additional debt. Accounts receivable funding is not a loan, but a purchase of accounts receivable at a discount.
- Accounts receivable funding (factoring) is available to you no matter where you are located within the United States.
How Accounts Receivable Funding works:
Example: The Medical Pros staffing company provides contracted staff for hospitals and clinics. Medical Pros gets paid every 60 to 90 days by their clients for providing staffing services. In the meantime, Medical Pros has to pay the staff they contract out to the hospitals their full salaries, benefits, insurance, taxes, and for their general overhead while they wait to get paid by the hospitals and clinics.
Recently Medical Pros received a new contract to provide 15 nurses to a clinic. Medical Pros knows they will have to pay the salary expenses for the 15 nurses while waiting up to 60 days to get paid. Because Medical Pros has been growing so fast, they have maxed out their current credit line. They currently have $100,000 waiting in accounts receivable per their contractual agreements with their clients. Instead of trying to get another line of credit and taking on more debt, Medical Pros sells their accounts receivable at a discount. After a due diligence which usually takes between 10 - 15 business days, Medical Pros receives between $70,000 and $80,000 deposited by wire transfer directly in to their bank. When the funding source receives the full $100,000 on the purchased accounts receivable, they send the balance of the $100,000 to Medical Pros minus a small discount.
Now, in the future, whenever Medical Pros wishes to sell their accounts receivable to expand, take advantage of cash discounts, respond to seasonal needs, or for any other reason they can sell their accounts receivable for a small discount and get cash within 24 hours!
Who Can Benefit from Accounts Receivable Funding?
Businesses that sell products or services to other businesses or governmental agencies and average a minimum of $25,000 or more in monthly new receivables.Contact ACF today for a free consultation and let us get to work finding a
funding solution for you!