The COVID-19 pandemic has upended every aspect of our lives, and financing is no different. In this complex landscape, there are three reasons why Factoring makes more sense than ever and remains a compelling financing alternative for businesses of all types.
Factoring Is Readily Available
There is one very simple reason why Factoring makes more sense than ever: It’s readily available.
With banks being overly cautious and government programs overwhelmed, getting access to funds may be extremely difficult right now. By contrast, Factoring is still available to most businesses looking to grow or maintain their operations.
Factoring Offers Unique Benefits
In previous posts we have explained in detail the many benefits of Factoring. Well, these advantages are even more attractive right now because they help business owners steer clear of pitfalls that can be particularly dangerous under the current circumstances. For example:
- Factoring is fast (in fact, with ACS Factors you get approved in hours)
- It gives you flexibility: you decide what invoices to factor and when.
- Helps you ward off cash flow problems.
- Allows you to free up time you can devote to your business.
- Doesn’t require you to give up equity or control of your business.
Factoring Helps You Avoid Debt
Unlike other forms of financing, Factoring doesn’t create debt because you are selling something that belongs to you (your invoices) instead of taking out a loan.
This idea may sound simple, but it can make all the difference in the world for your company. Keep in mind that not being able to repay your debt can hurt your business and your possibilities of getting access to more financing down the road. Factoring, on the other hand, helps you stay out of debt and on the right track to achieve the goals you have set for yourself and your organization.
ACS Factors Helps You Turn Your Invoices Into Immediate Cash
At ACS Factors we help you get the capital you need to move your business forward. We are located in Upland, California, and have many clients in the distribution and logistics corridor which includes Ontario, Riverside, Fontana, Jurupa Valley, and Moreno Valley.
We take Factoring to the next level with fast approval times, no deposit or application fees, easy-to-increase funding limits, no minimum funding, and more!
Reach out today by email (firstname.lastname@example.org), telephone (909-949-5599), or through our social media accounts on Facebook, Twitter, and YouTube and start converting your accounts receivable into cash today!