Factoring is a loan which will give you working capital based on your invoices which are awaiting payment. Factoring is a widely used financial product that transacts over $70 billion of volume each year in the United States. I've seen companies use Factoring for orders that are yet to be fulfilled. There are often times a company will not bid on a project because of capital requirements, but this option gives the company the opportunity to engage in large projects and expand their business with no additional capital commitments.
Companies faced with a cash-flow squeeze and slow-paying customers can quickly find their own credit ratings at risk and face difficulty securing a credit line or loan.
When you don’t quite qualify for a traditional loan, receiving an advance against invoices or accounts receivable from asset-based lenders called factors can be an optimal solution for securing cash needed to grow.
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998 NE 167th St
Miami, FL 33162
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