Invoice Financing – Working Cash Now!
Invoice financing (factoring) is simply the selling of your invoices or receivables to a “factor” for immediate cash.
Common Questions and Answers:
Q: Do I have to factor all my invoices?
A: Absolutely not. We realize that you may not want or need to factor all your invoices.
Q: Do you actually buy my accounts receivable?
A: Yes. We do not lend you the money; we make an outright purchase of the financial rights to the invoices at the time of billing.
Q: What are your requirements for buying an invoice?
A: The work or service must have been completed, delivered and accepted; and your client must be a creditworthy risk.
Q: What are some of the things that are not required of me?
A: We do not require a financial statement, an audit of your books, tax returns or long- term contracts.
Q: Can I qualify even if we are just starting in business?
A: Yes you can, if you have creditworthy customers.