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| Examples of A/R Financing | FAQ - A/R Financing |
Accounts Receivable Financing
Accounts Receivable Financing aids cash flow through the sale of your Accounts Receivable. When you sell A/R or invoices, you are paid an advance within two to three days and the lender waits to receive payment from your customer. No need to wait 35, 40 or 50 days for customers to pay. Better cash flow means fewer headaches.
The amount advanced is typically 70% of the invoice’s face value. Once your customer pays, you will receive the balance, less fees. (Fees are typically 3 to 5% for 30 days.) Don’t focus on the fees, instead think about how improved cash flow will benefit your business.
Who benefits from A/R Financing:
| Manufacturers | |
| Wholesalers / Distributors | |
| Importers | |
| Staffing companies | |
| Government contractors | |
| Construction sub-contractors | |
| Medical | |
| Any company with slow paying customers |
Not practical:
| Retailers | |
| Sales to individuals |
(If your customers are paying on installment contracts, click here.)
Other types of financing may work better for you. Contact us for further discussion.
Besides improved cash flow, there are other benefits...
| 1) | Save money in the accounting office as less time is needed to process A/R payments. | |
| 2) | As a service, credit checks can be done on new customers. | |
| 3) | A/R reports are available. | |
| 4) | Save time in chasing after slow paying customers. |
Accounts Receivable Financing is a viable option to improve you company’s cash flow. The less time you worry about chasing after loans, the more time you have to concentrate on expanding your business.