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Benefits of Factoring
By Staff Writer
What is factoring? Factoring is simply the purchase of accounts receivables, an essential financial tool for companies. Factoring eases the company's financial tension by funding their net 30-60 and even 90 day invoices now - not when they're due.
With factoring, you focus on what you do best; product quality, sales, customer service and growth, and the factor focuses on what they do best, factoring/funding your invoices, and assuring that your steady cash flow continues!
With Factoring, the strengths are in your accounts receivables and the ability of the company to generate eligible sales - not time in business or financial condition. And, with factoring you are not creating debt. Factoring releases cash to bring your business plans to life; grab new opportunities; invest in new equipment, meet payroll, meeting other expenses or simply negotiate better terms with suppliers.
Factoring is actually healthy and an essential financial tool for companies to maintain a steady cash flow. A factor can fund most situations, including startup businesses, certain clients with poor credit, financial problems, tax liens or bankruptcies!
You can start the simple process of funding your business at www.FactoringApplication.com.