With factoring, you can now offer credit terms to your customers, and expand your business by making it easier for your customers to buy from you. Accept larger more profitable orders. By being ready and able to accept larger and more profitable orders, factoring can provide you the financial strength you need to compete in today's market. Purchase additional inventory. When your cash flow is improved it enables you to buy in greater volume, often saving you more money.
Factoring is easy and fast.
The application required to establish a factoring relationship is much simpler than any form of financing, and financing usually occurs within one week of receipt of contracts. Company credit rating not important. A company does not need to be creditworthy, profitable or in business for 3 years to meet credit criteria, unlike criteria required by banks or other commercial lenders. If you have creditworthy customers , you can get financed through a factor. Take advantage of early payment discounts.