WHAT ARE SOME OF THE BENEFITS OF FACTORING?
Your business will be able to:
- Access working capital immediately without layering on expensive and dilutive equity and without the need to repay principal and interest.
- Have someone collect your receivables on your behalf, thereby freeing up your staff and resources to increase sales and grow your business.
- Take advantage of supplier discounts offered for rapid payment.
- Work with a partner that has access to credit and fraud databases that can assist in vetting new customers and establishing customer credit.