What if you could get paid today for invoices due in 30 to 60 days? Could you use this money to operate your business more smoothly? I assure you the answer is a resounding “YES!”

Many businesses suffer from cash flow challenges unnecessarily because they are simply unaware of the power of factoring.  Here are a few reasons why factoring might be an option for you to consider for your business financing needs:

  • It does not require the credit qualifying that a bank loan does.
  • It allows you to lend against your receivables as an asset.
  • The funds do not have to be paid back like a loan.
  • It produces immediate cash flow for your business.
  • Having cash flow can relive the stress associated with financial burdens.
  • You can keep your employees and contractors happy by making sure they are paid on time.

As with most things, there is a down side to factoring and that is:

  • Cost. When a factoring company purchases your invoices, you get a reduced amount on the invoice. It is based on the “time value of money”.
  • The need for fiscal responsibility.  If you correct a problem by reducing your income to have it sooner, you have to make sure that you have a plan in place to not eat up that newly created cash flow. We have a team that can help you not only correct your cash flow problems, but help you learn to create your own resources from which to fund your business expenses.
  • It’s addictive.  Similar to point #2, you don’t want to engage in invoice factoring without a plan to get back on track. Otherwise you will continually earn less money than you would and that it not a good solution for long term financial success. 

The good news is that unlike most factoring companies, our goal is to help you create a stronger company so that you do not have to sell your invoices as a discount.  In many cases we can help you:

  • Reduce business expenses (which results in immediate increased cash flow)
  • Better automate your business.  This is where you leverage technology to grow your customer base and increase customer retention.
  • Borrow from yourself.  This is a system of leveraging current financial laws (that banks and insurance companies won’t tell you about)  in your favor so you never have to rely on outside financing again!

To see if your company qualifies for invoice factoring, please fill out this factoring application in it’s entirety and fax it to us at 602-445-9168 (due to confidentiality and security, we do not use web based applications)

For a complementary consultation, please contact Anthony Kirlew at 480-338-6744 or anthony(@)finamark.com.