(For immediate release) Miami, Florida – Business owners have always known that, as far as business financing goes, getting a business loan is always tough. But business owners now have an alternative that may be better: factoring their invoices.
Are you a business owner who has to wait 30, 60, or even 90 days to get paid by clients? If so, invoice factoring may be the best solution for your business. Factoring eliminates the waiting period and gets your invoices paid in as little as one business day. This solution provides you with the financing to pay employees, rent, and suppliers.
“Receivable factoring is an ideal product for small and medium-sized businesses that need working capital,” said Marco Terry, president of Commercial Capital LLC. “It allows businesses to pay bills and leverage new opportunities,” he added.
The factoring proposition is actually quite simple. It works in three steps:
- You deliver services to your customer and generate an invoice
- You sell the invoice to the factoring company, who advances you money
- The transaction is settled as soon as the invoice is paid by your client
Accounts receivable factoring (as factoring is often called) is easy to obtain. The main requirements are that you have good-paying customers and run a reasonable business. And, unlike business loans, a factoring line can be set up in days.
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