Factoring Provides Fast & Easy Funding for Georgia Businesses
Ever wonder why money can’t grow on trees like prized Georgia peaches? We can’t make it grown on trees, but Georgia invoice factoring can help your small business blossom if you’ve run into any cash flow problems! Slow paying clients, seasonal ups and downs, marketing costs, and daily operating expenses can present unforeseen money shortages. Partnering with an invoice factoring company in Atlanta, Savannah, or elsewhere in the state of Georgia ensures your business always has the cash necessary to thrive. Sometimes 30, 60, or 90 days is just too long to wait for your customers to pay their invoices. Georgia invoice factoring can help you get the cash you need when you need it.
Invoice Factoring Helps Georgia Companies Grow
Invoice factoring is great for start-up companies. With little history and lack of credit, start-ups struggle to obtain traditional funding. Invoice factoring is an ideal funding option for startups because factors approve funding based on your clients’ credit history and payment patterns. The amount of time you’ve owned your business doesn’t play a big part in approval.
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Isn’t It Time to Get the Funds Your GA Business Needs?
• Extend credit terms to attract new customers and larger accounts
• Take advantage of early-pay discounts from vendors
• Benefit from a cash flow boost to combat seasonal sales
• Purchase new equipment and supplies
• Invest in new advertising
• Cover payroll and other expenses while waiting for customers to pay
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Fast Cash Flow for GA Businesses with Invoice Factoring
With invoice factoring, there are no credit checks or collateral requirements. Instead, factoring companies base approval on the credit of your clients. Additionally, factoring means you won’t incur more debt on your balance sheet — another reason why invoice factoring is the perfect business solution. Sound too good to be true? It’s not!
Factoring is a Simple Alternative to Bank Lending
Loans may seem ideal, but banks are laden with governmental regulations — they often require collateral and demand an exceptional credit history. The approval process takes weeks or months, and many times businesses do not receive the amounts for which they applied. Even if your Georgia business is approved for loan, chances are that it will only last so long before you need more money once again.
How Does Invoice Factoring Work?
After a short application and approval process, a Georgia invoice factoring company will purchase your open invoices for a discount, and then automatically deposit the funds into your account (up to 95% of the total amount) within 24 hours. The factor then owns the invoice and will collect the payment from your client. Once the invoice is paid in full, the remaining balance is returned to you, minus a small factoring fee.
What’s the catch?
There isn’t one! There are no hidden fees and we work to find you the best rate possible. When and how much you factor is up to you, making it an extremely flexible and customized financing option. There’s no long-term contract obligations either. By purchasing your valuable assets (invoices), a Georgia invoice factoring company can help your business flourish!
Georgia Factoring Companies Specialize in a Variety of Industries
We collaborate with many invoice factoring companies in Georgia and throughout the US. These factors specialize in a variety of industries and work with businesses of all sizes. Whether your business is in Atlanta, Savannah, Marietta, Augusta, Macon, or any other city or town, invoice factoring specialists can help you grow your business.