Magnify your business with competitive invoice factoring programs
For businesses that sell their goods or services on credit, having an adequate amount of working capital on hand is vital for financing day-to-day business operations. On a balance sheet, it represents a snapshot of the financial state of the business—but in real terms, it means the ability to pay staff and keep the lights on in the building. While the amount of working capital that is “adequate” varies for each business, one way to ensure that there will be enough is to use invoice factoring.
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Apply for our invoice factoring program today by calling 1-855-EZ-FACTOR
How Does Invoice Factoring Work?
Invoice factoring is an alternative to a bank loan where instead of an institution lending money to the company, the company sells their unpaid invoices to a factor for cash advances. The factor buys the invoices for 80-90% of the value, waits for payment from the business’ client, and then pays the rest back to the business minus a small fee. Invoice factoring means immediate access to funds otherwise tied up in accounts receivable, and always having enough working capital on hand.
Factoring – A Smart Alternative to Bank Loans
Bank loans are often hard to come by for small businesses. Factoring is a great alternative to bank loans because approval is based not on the credit of the business but instead on the credit of their customers. This takes the burden off start-ups or companies in financial trouble, and allows them access to financing in order to grow their operations.
Try Invoice Factoring Today
Invoice factoring is a great way to smooth out working capital, and the process is easy to start. Contact EZ Invoice Factoring today for more information and to get a free quote.
