Accounts Receivable Factoring Services
Main Entry: account receivable
Pronunciation: -ri-'sE-v&-b&l
Function: noun
Inflected Form: plural accounts receivable
: a balance due from a debtor on a current account
factoring
Function: noun
: the purchasing of accounts receivable from a business by a
factor who assumes the risk of loss in return for some agreed discount
Source: Merriam-Webster Dictionary of Law,
© 1996 Merriam-Webster, Inc.
What is "accounts receivables factoring"?
Factoring involves the purchase of the face value of your accounts
receivables or invoices by a factoring company at a small discount in
exchange for an immediate cash advance usually in the form of a wire
transfer.
To learn more about our Accounts Receivables
Factoring Services click here.
Factoring accounts receivables or "accounts receivables financing" as it
is also known provides over a billion dollars in operational cash flow
for companies each year.
Once only used by a less significant group of industries, Accounts
Receivable Factoring is increasingly becoming a more popular option for
entrepreneurial sized business who may have trouble securing loans from
banks in today's fast paced economy. As the banks step back Accounts
Receivable Factoring is filling the financial void that has developed.
Why is "Accounts Receivable Factoring" important?
Essentially, the use of a commercial finance company to factor your
invoices is an off balance sheet transaction. This means when you get
beyond the need for financing you have no net term liability that needs
to be paid off. Each purchase of an invoice by the factoring company,
when paid by the customer is a completed business deal.
What makes Creative Capital Associates different?
Being an Accounts Receivable Factoring company for over a decade we know
by focusing on what we do best, how to operate in this often risk
adverse segment of commercial financing. This means for instance that
our factoring clients receive all the benefits of credit management with
their customers, making sure they are not advancing credit on
non-creditworthy sales.
Additionally, when it comes to accounts receivables factoring you want
to move quickly. We can be purchasing your invoices for factoring
usually within a week to ten days. Once you decide to move ahead, our
staff will keep your account on the front burner as long as you are
involved in our portfolio.
There are a variety of benefits to accounts receivables factoring that
you can instantly learn about by continuing on into the site. Visit our
e-learning center where you can fully understand commercial factoring.
And keep in mind that we go beyond factoring invoices when it comes to
your account. We provide access to our successful business acumen and
cross strategic partnering with our other clients and connections.
For full details on our Accounts Receivables
Factoring Services click here.
