Factoring is a simple concept. At its core, it is the sale of
credit-worthy invoices for immediate cash...
Factoring
offers increased profit potential for growth-oriented companies.
A loan has limitations and places a debt on your balance sheet.
By contrast, factoring puts money in the bank without creating
any debt obligation. It is the sale of an asset, a company's accounts
receivable. Factoring of Accounts Receivable is based on the credit-worthiness
of your customers – not on the strength of your financial statement.
The
working capital that factoring provides can be used to cover operating,
purchasing and payroll expenses, or can be used to obtain cash
or volume discounts on purchases. Factoring also affords a business
freedom from credit, collections, and related bookkeeping functions.
Since
factoring is a form of "self-finance" your access to
capital is limited only by your company’s ability to produce and
deliver its product or service.
Predictable
cash flow provides the security to expand operations and lets
you focus on growing your business. It gives management the comfort
of knowing that capital is available to support the additional
business.
Ready
to factor you receivables? Submit
an Online Funding Request Now!
Or
if you still are not sure if factoring is right for your business?
Simply use BFC's New Online
Factor Analysis Calculator to see the instant benefits of
factoring with Boston Financial Corporation.
