Factor Direct Corporation is a financial company that manages credit and accounts receivable. With an established buyer, Factor Direct also provides you the option of using your receivables or purchase orders as collateral for financing. Our company will assist you with growing your business, and becoming more efficient in the process.
Our mission is to solve your company's short term and urgent cash flow problems with a responsible solution. We will share our indispensable knowledge of your industry and provide you with the necessary and immediate funds to keep your business running smoothly, and operating efficiently.
There is no need to wait for your receivables or payment:
Factoring is a financial transaction where a business sells its accounts receivable to a third party at a discount. The practice of converting accounts receivable into cash is a simple and straightforward process that has been in use for thousands of years. Nowadays, the practice continues: It is regularly utilized and available to almost every business that provides a service or a product to another organization.
The use of factoring to obtain immediate cash gives any company the freedom to make choices that will benefit their business growth. It relieves stress, opens new opportunities, and saves time and money. Factoring is an attractive alternative to raising equity, as invoice submission for payment can take as long as 30-90 days, and few can afford to wait that long for payment. Factoring is not a loan; you do not tie up your assets as collateral and you do not have to go into debt. Factoring is a sale of an asset (receivables) - NO DEBIT will appear on the Balance Sheet and in many cases the fee is tax deductible. Hence, factoring, as a tool, improves your company’s financial statements and allows for a healthier Balance Sheet.
If you want to learn more about our factoring solutions, call on 1-855-921-0888, to get your account receivables today!
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