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Many companies get into a cash bind by extending credit to their customers
for 30 days while having to immediately fund certain costs, particularly
payroll. This problem only gets worse as sales grow or when customers
don't pay on time.
With factoring, we actually purchase your invoices, which provides you
immediate cash with which to meet these expenses.
There are several advantages to factoring:
-
No arbitrary line of credit amount.
You borrow based on your sales
activity so you are automatically set up to finance your
growth.
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Cash Flow is
more predictable.
In
addition to speeding up your cash flow, factoring also makes
it easier to manage your cash since your invoicing is more
predictable than when customer payments will be received.
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Flexibility
with your financing.
You help design a flexible factoring program that will
optimize your funding and best meet your company needs.
And when you use American Factors
Corporation, you've added a business professional to your team
whose expertise can benefit you beyond just financing. We
welcome the opportunity to discuss your particular situation and
needs.
If you have any of the following
situations, then factoring is right for you:
-
Need to meet payroll or other
immediate cash flow requirements;
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Need to spend more time running
your business; less time reporting;
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Need to obtain customer credit risk
management;
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Need to buy inventory for increased
sales;
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Need an alternative to bank
financing;
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Need to take advantage of vendor
discounts or special purchases;
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Need to bring your taxes current;
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Need to acquire more equipment;
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Need to reorganize, whether in or
out of bankruptcy;
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Need to make a strategic
acquisition.
If you can relate to any of these
needs, then contact us today.
We can turn your invoices into immediate cash.
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