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  • Add You - The Factoring Company - How They Help Grow your Business

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    invoice your client and sell the invoice to the factoring company
  • The factoring company advances you the first payment of 70 to 90% of the invoice
  • The factoring company waits to get paid by the client
  • Once paid
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    Do you have clients that take up to 60 days to pay their invoices? If you do, you know how tough that can be on new and growing companies. Waiting to get paid for your slow paying invoices can wreck complete havoc on your company’s finances.

    Most business owners try to address this issue by going to a bank to try and get a business loan. However, banks are notoriously conservative and getting a business loan can be very difficult. This is where a factoring company can help you.

    Factoring companies eliminate the 60 day wait and get your invoices paid in as little as 2 days. How? By buying your invoices and paying you immediately for them. You get the financing you need, while the factoring company waits to get paid by your client. You get money to meet immediate expenses such as payroll, rent and supplier payments.

    Factoring transactions a fairly simple and take 4 steps:

    1. You invoice your client and sell the invoice to the factoring company
    2. The factoring company advances you the first payment of 70 to 90% of the invoice
    3. The factoring company waits to get paid by the client
    4. Once paid
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      Most business owners try to address this issue by going to a bank to try and get a business loan. However, banks are notoriously conservative and getting a business loan can be very difficult. This is where a factoring company can help you.

      Factoring companies eliminate the 60 day wait and get your invoices paid in as little as 2 days. How? By buying your invoices and paying you immediately for them. You get the financing you need, while the factoring company waits to get paid by your client. You get money to meet immediate expenses such as payroll, rent and supplier payments.

      Factoring transactions a fairly simple and take 4 steps:

      1. You invoice your client and sell the invoice to the factoring company
      2. The factoring company advances you the first payment of 70 to 90% of the invoice
      3. The factoring company waits to get paid by the client
      4. Once paid
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        toring company can help you.

        Factoring companies eliminate the 60 day wait and get your invoices paid in as little as 2 days. How? By buying your invoices and paying you immediately for them. You get the financing you need, while the factoring company waits to get paid by your client. You get money to meet immediate expenses such as payroll, rent and supplier payments.

        Factoring transactions a fairly simple and take 4 steps:

        1. You invoice your client and sell the invoice to the factoring company
        2. The factoring company advances you the first payment of 70 to 90% of the invoice
        3. The factoring company waits to get paid by the client
        4. Once paid
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          eed, while the factoring company waits to get paid by your client. You get money to meet immediate expenses such as payroll, rent and supplier payments.

          Factoring transactions a fairly simple and take 4 steps:

          1. You invoice your client and sell the invoice to the factoring company
          2. The factoring company advances you the first payment of 70 to 90% of the invoice
          3. The factoring company waits to get paid by the client
          4. Once paid
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            invoice your client and sell the invoice to the factoring company
          5. The factoring company advances you the first payment of 70 to 90% of the invoice
          6. The factoring company waits to get paid by the client
          7. Once paid, the factoring company provides you with the second payment, called the rebate (less a small fee)

          One of the big advantages of working with a factoring company is that they can usually extend you more financing than a bank can. Whereas a bank will set a credit limit based on your company’s financial situation, the factoring company will set a limit based on your sales potential. This allows you to grow your company to its true potential.

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