What is Invoice Factoring?
Updated: Jul 23, 2022
Invoice Factoring is our Business!
At centauriancommercialcapital, Invoice factoring is a quick and flexible source of funds for businesses that are waiting for outstanding receivables to pay. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. Invoice factoring allows your credit line to grow proportionately with your sales cycle. We can fund as little as $5,000 a month and up to $2.5 million for larger companies.
Invoice Factoring Keeps Your Business Moving Forward
Standing still is never an option if you want to have a successful business. Factoring receivables is a good way to keep you moving forward. Putting your business on hold because customers have not paid what they owe is bad for business. Sometimes, customers are waiting to receive payment from their customers before paying your invoice. While you wait, business continues to happen and your company risks moving forward.
Fast Access to Working Capital in Days, Not Weeks or Months
Factoring is a quick and easy process that can put cash in your hand within 24-48 hours.
Banks can take weeks or months to make business loan decisions.
Improve Cash Flow Without Incurring Debt
You never worry about adding liabilities to your balance sheet.
Invoice factoring is not a loan and you never have to make monthly loan payments along with payroll and other operational expenses.
Continue reading: https://www.myfactoringagency.com/agency/centauriancommercialcapital/what-is-invoice-factoring/