What are Top 10 benefits of factoring receivables?
• Obtain funding for your outstanding receivables within 24 hours. • Accelerate cash flow to make payroll and take new orders. • Offer better terms to large customers and increase sales. • Extend credit to large customers without asking for COD. • No new debt is created. Factoring is not a loan. • Pay your suppliers faster, take advantage of early pay discounts. • Improve your business cash flow and credit rating. • Eliminate long billing cycles and the hassle of collecting money. • Instant credit guarantees for new customers. • No obligations and No binding contracts.
