Factoring invoices is an attractive option for small businesses looking for improved cash flow or more working capital in today’s challenging economic landscape.
In this type of financing you sell your outstanding invoices to a factoring company, or factor, that in exchange provides your business with a sum upfront. The factoring company becomes the new owner of the invoices and gets paid from your customers, usually within 30 to 60 days.
All in all, turning your invoices into cash is quick, flexible, simple, and allows your small business to be more efficient to take advantage of new growth opportunities.
Immediate Cash
Since you no longer wait 30 to 60 days to get paid, factoring invoices provides an immediate infusion of cash. From meeting credit obligations to purchasing equipment or inventory, the benefits of a swift cash flow are almost endless for any organization, and particularly attractive for small businesses.
Simple
Factoring is simpler than other forms or financing. No business plans are needed, and the verification process is less complex than the one that takes place when you apply for a typical bank loan. In addition, with ACS Factors you get approval in hours, not days or weeks.
No Debt
Factoring invoices creates no debt, since it isn’t considered a loan, but a sale. As a result, it doesn’t appear in your balance sheet as debt, avoiding one of the typical downsides of other types of financing. This is one of the most attractive features of factoring for small businesses: It offers a path to growth without incurring in debt.
Allows You to Focus on the Operation of Your Business
During challenging times your business requires your undivided attention. Factoring your invoices frees up time and energy you can devote to managing your team and devising new strategies to drive your small business forward. More time and more cash allow you to do more business, with a tangible, positive impact on your bottom line.
At ACS Factors your total satisfaction is our top priority. 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.
Reach out today by email (info@acsfactors.com), telephone (909-949-5599) or through our social media accounts on Facebook, Twitter and YouTube to learn more about the benefits of turning your invoices into immediate cash!
