Accounts Receivable Factoring Company
An accounts receivable factoring company is where many businesses might seek financial assistance. Factoring has been around for decades and is often a simple solution for handling a variety of financial situations.
Basically speaking, factoring is a simple process. A business would sell existing, uncollected invoices to a third party (a "factor") for immediate access to cash. Depending on the type of factoring agreement entered, collections on the factored invoices might remain as a responsibility of the business or it may become the responsibility of the factor.
In a nutshell, factoring allows a business that has made a sale and is waiting on payment to collect on the sale before the full collection period has passed.
AdvanceMe’s Merchant Cash Advance is not factoring, so it offers some distinct benefits to qualified applicants. One of the greatest advantages of a Merchant Cash Advance is that is allows a business owner to cash-in on their future credit and debit card sales. Factoring requires a sale to be made first, so the business has an outstanding, uncollected invoice to factor—a Merchant Cash Advance eliminates this restriction.
A Merchant Cash Advance is similar in some ways to factoring. Most notably, it is an appropriate alternative to a small business loan in many situations, used by many businesses in a variety of different industries.
For more information on What a Merchant Cash Advance is, click here.
Apply Now |
 |
Additional Resources |
Start the no hassle application process for working capital today with our easy online application form. You could have money within days!
|
|
|
