Factoring Advantages
Accelerated payments and improved cash flow.
Fast approvals and scalable solutions.
Asset-based financing and no new debt.
Reduce the credit risk of taking on new clients.
Factoring Overview
Let’s say your customer owes $50,000 on their account, but has until next month to pay. Meanwhile, your expenses are adding up and you need new inventory for the next customer. Instead of scrambling to fill the gap, sell the $50,000 invoice to a factor and get paid right away. If the factor buys the invoice at 80%, you get $40,000 now. When the customer pays their bill, the factor takes their $40,000 plus a small fee and you get the rest. No AR hassle and no waiting.
How Factoring helps businesses
Recently Funded:
Our Services
You deserve straight forward, custom tailored financing solutions. And that is precisely what we deliver.
Invoices
Purchase Orders
Contracts
F.A.Q’s
Q. Does a factor charge interest?
Q. What if my customer wants a refund?
Q. Where do my customer’s payments go?
Q. When is factoring not the right choice?
Get the support and insight you need to take the right financing to move your business ahead.
SummitUp Capital can take you there.