Advantages of Factoring
A recent survey of 549 successful entrepreneurs polled respondents about the conditions that can influence the success or failure of a business startup. The top most critical success factors included: learning from their mistakes and their successes, previous work experience, a strong management team, and good luck. Interestingly, invoice factoring was mentioned by several of these respondents as a tactic that was critical to the success of their company. These entrepreneurs recognized that factoring allowed them to invest in their business and make it flourish.
- The process is much faster than a conventional loan, and simpler. You also don’t incur new debt, as factoring is not a loan.
- Collection of the debt is no longer the sole responsibility of your company. This frees your company’s resources for other business activities, allowing more productive results.
- Factoring frees up your working capital. The typical ups and downs of a business can be better managed if you have adequate cash.
- You receive professional collections, invoice processing assistance, credit screening and monitoring.
At A/R Funding, we combine a ready source of capital with professional accounts receivable management, allowing you to breathe easier about cash flow … and concentrate on growing your business. Our goal is simple: To create solutions for our clients to achieve their financial goals.