Accounts receivable financing, also known as factoring, is when a business sells their invoices in exchange for cash flow. Accounts receivable financing is a proven way to boost cash flow and grow your business without financial restrictions.
Some great benefits of financing your accounts receivables is:
- It is not a loan. This is an extreme benefit, because compared to a loan, accounts receivable financing doesn’t acquire debt. So your balance sheet stays green, and your bank account can too!
- Advance rates range from 85% to 90%, for account receivables that are less than 90 days old.
- Low monthly payments and interest rates. Compared to daily loans or non-conventional loans, Fast and Easy funds offers accounts receivable lines of credit interest rates starting at 6%.
- Fast approval and credit limits. Fast and Easy Funds offers a simple online application that will be approved in less than 24 hours and can give you a credit line between $200,000 and $25,000,000!
Think that accounts receivable financing may be the best option for your company? Call the factoring specialist at Fast and Easy Funds today to learn more about your options! Apply today, get funded tomorrow – it’s that simple!