(For immediate release) Miami, Florida – Commercial Capital LLC is pleased to announce the launch of its small business factoring program. The program aims to provide business financing to owners who need between $2,000 and $20,000 in working capital.
Factoring is a specific type of business financing that helps business owners who cannot afford to wait 30, 60, or even 90 days to get invoices paid by clients. Invoice factoring reduces the wait to two days, providing the business owner with needed working capital to pay business expenses.
“Most factoring companies have stayed away from small businesses because they prefer to focus on large opportunities,” said Marco Terry, president of Commercial Capital LLC. “We prefer to focus on small opportunities and help develop those into large opportunities”, added Terry.
Receivable factoring is quite easy to use and works as follows:
- You deliver services to your customer and invoice them
- You sell the receivable to the factoring company, who advances you money
- The transaction is settled as soon as the invoice is paid by your client
Invoice factoring is much easier to obtain than a conventional business loan. The main requirements are that you do business with creditworthy customers and that your business is free of liens and judgments. And, unlike business loans, an accounts receivable factoring working line can be set up in about five business days.
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