Factoring is a long-established process of purchasing commercial invoices from a business at a discount. It is a fast and flexible method of improving your cash flow and providing working capital for your company. With factoring you get immediate access to cash that is normally tied up for 30, 60 or 90 days in accounts receivable invoices that will allow you to take advantage of growth opportunities, debt reduction, or provide for daily operating expenses.

Unlike a traditional loan, factoring does not put debt on your balance sheet and there are no loans to repay. By selling your accounts receivable to a Factor rather than borrowing from a Bank, factoring simply converts one asset, your accounts receivable, into another asset: cash. You can factor your accounts receivable to improve your cash flow or in addition to existing financing to accelerate your growth.

There are no lengthy applications or loan committees and no financial audit is requested. Factoring can be short term or part of an ongoing financing program. New companies can benefit as well since there is no requirement for a long-term credit history. Best of all, you regain control of your company's financial situation by having a ready source of immediate cash!