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The Growing Factoring Factor
Factoring is the conversion of a company's commerical accounts receivable into immediate cash by selling those accounts at a discount. With factoring you can get 70 to 80% of an invoice's face value wire transferred into your account within 24 to 48 hours of the invoice being issued and approved.
Cash Flow, Growth Money, Business Funding Beyond the Banks
The number one reason for business failure in the U.S. today is lack of working capital. Businesses need money to grow. The asset-based lending industry helps a business to leverage its "liquid assets" (most commonly accounts receivable, ie. invoices/contracts, purchases orders) and get cash to the business much faster than traditional sources.
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