What is Factoring?
Factoring is purchasing accounts receivable (invoices) from a business at a small discount, thereby improving cash flow for that business.
The funding source advances you immediate cash on your invoices and waits for payments from your customers.
Factoring Is Fast
Once your account is set for factoring, funding will be available in 24 - 48 hours.
Factoring Is Simple
· Minimal forms to fill out
· Minimal documents required
Factoring Advantages
· Improves cash position
· Improves cash flow control
· Helps meet payroll deadlines
· Increases purchasing power
· Provides cash for new equipment
· Helps obtain cash and volume discounts
· Provides no-cost credit checking
· Improves credit rating
· Provides complete accounts receivable maintenance
· Eliminates bad debts
· Provides cash for marketing
· Provides cash for expansion and growth
· Does not incur any debt
· Increases profit
And more!!
Is Factoring For You?
· Do you have a profitable business that is sometimes short of cash to fill
orders, meet payroll, distribute bonuses, pay taxes, or to use for any
other purpose?
· Could better cash flow:
- Allow you to take advantage of cash or volume discounts?
- Generate more sales?
· Is your business growing or could it grow with improved cash flow?
If the answer to any of the above questions is yes, then factoring is for you.
Who Needs Factoring?
· Companies that are growth oriented
· Companies in need of additional working capital for any reason
· Companies that are young
· Companies with tax problems or liens
· Companies working through a bankruptcy
· Companies that have a negative net worth
Do You Qualify For Factoring?
If you have a legitimate business with a good base of creditworthy customers, you qualify for factoring.
Your financial position, fixed assets and the age of your business have little or no bearing on your qualification.
Factoring: A Profit Tool
Factoring gives you a valuable business management technique. You get the cash you need now to:
· Meet current expenses, including payroll, taxes and other operating costs.
· Purchase additional inventory to increase sales volume and, ultimately, profits.
· Fund expansion and growth plans
· Take advantage of early payment discounts offered by your suppliers.
· Respond immediately to seasonal demands and opportunities.
A No Debt Solution
Unlike borrowing money to meet cash flow needs, factoring does not create debt. “Getting a loan” increases your ultimate expenses by the amount of interest, and reduces the bottom-line value of your company.
Loans also require collateral limited by your hard assets. FACTORING IS NOT A LOAN, so there is no debt to repay. Your balance sheet is more attractive and your financial position is strengthened.
“Where are the banks sending the borrowers...? To Factors, where your credit is as good as your customers.” Inc. Magazine, March 1991
“As the one financing source linked directly to sales, factoring can provide financing that is not only reasonable but even attractive.” Corporate CashFlow, November 1992
MACH 1 FUNDING specializes in the factoring industry. Our people are Certified Factoring Specialists (CFS) and members of the nationally recognized and respected American Cash Flow Association (ACFA). As both the innovators and practitioners in the factoring industry, we are setting the standards for excellence in the application of one of the most valuable business management tools of the decade.
Our mission is to serve businesses holding accounts receivable/invoices by converting those assets into cash, thereby helping them to meet their current operational costs or fund their growth plans. Our pledge is to perform this service with the highest standards of excellence and professionalism.
Let MACH 1 FUNDING evaluate how we can begin turning your accounts receivable into immediate cash. Experience the Mach 1 speed, simplicity and personal service to get cash.
