With
its almost limitless financing power and
ability to assist in new customer
generation, factoring can benefit most
companies that deal on a
business-to-business basis.
What businesses are
eligible for factoring? Just about any
business that has a credit-worthy
customer and valid invoices for goods
furnished or services rendered. A
partial list includes:
Manufacturers
Distributors
Temporary Personnel Agencies
Security/Guard Services
Government Contractors
Machine Shops
Janitorial Services
Commercial Printing Companies
Software Development Firms
At US Business Finance we can assist you in
factoring your A/R if:
your
business provides a standard,
verifiable invoice for services
rendered or merchandise delivered
and the terms of the payment you
have granted your customers are 90
days or less.
your
company does not already have its
accounts receivable pledged as
collateral for a traditional
commercial loan at a bank or other
lending institution. (check with
your lender - they may release the
lien)
your
customers are of reasonable credit
quality and/or broadly diversified
(i.e. one non-creditworthy customer
does not provide most of your
company’s business).
While once
uniquely associated with providing
financing to the garment industry,
factors now provide working capital to
tens of thousands of domestic
businesses. From landscapers to staff
leasing companies…machine tool
manufacturers to electronics
distributors…America’s factoring
industry provides over $125 billion in
annual financing for growth and new
business development.
For a
confidential evaluation of how factoring
and other methods of alternative
business finance can benefit your
company, why not contact US Business Finance today!
