Looking to take advantage of Factoring to grow your business? Then make sure the Receivables Factoring Company you choose offers these four things.
Simplicity
A Receivables Factoring Company should make things easier for you, not more difficult.
If you are in the process of choosing a Factoring partner, or if you already have one, ask yourself the following questions:
- Does it take days or weeks to get approved rather than just hours?
- Do they have deposit or application fees?
- Do they offer multi-year deals rather than month-to-month deals?
If you answered “Yes” to most questions, then your Factoring company may not be offering the simplicity your business needs.
Flexibility
You want a Receivables Factory to be your ally, not a burden that stifles your company with complicated rules and unreasonable limits.
Some ways a Factoring company can build flexibility into its services include:
- No early termination fee
- No minimum funding
- No fee if you don’t factor
- Easy-to-increase funding limits
A Factoring company that offers all these benefits is a true partner that empowers you to take full advantage of Factoring.
Non-Recourse Factoring
A Company that offers Non-Recourse Factoring takes flexibility and convenience to the next level.
Why? Easy: in Non-Recourse Factoring, the Factoring company absorbs the risk for any non-payment.
Yes, you understood that right: a Non-Recourse Factoring company takes the loss if your customer cannot pay the invoices you factor. It doesn’t get more convenient than that!
Great Service
Finally, you want to work with a Factoring company that puts great service front and center.
Needless to say, outstanding service makes things so much easier (and even enjoyable) on your end.
But there’s another crucial reason why it makes sense to choose a Factoring Company that makes customer service a top priority: Your Factoring partner will have to contact your clients in order to collect your invoices, so you want to make sure they are able to deliver the great service you would provide yourself.
If you are looking for a Factoring company that meets all the requirements listed above, then look no further than ACS Factors.
We provide Factoring services the way they are supposed to be: simple, flexible, non-recourse, and totally focused on customer satisfaction.
ACS Factors: We Turn Your Invoices Into Immediate Cash
At ACS Factors, our mission is to help you get the capital you need to move your business forward regardless of your industry or the size of your organization.
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 (909-946-5599), or through our social media accounts on Facebook, Twitter, and YouTube, and start converting your accounts receivable into cash today!
