Accounts Receivable
Financing

Also called Factoring

1.The financing of your business-to-business invoices is the smartest answer to your cash flow problems.
      2. Simple and fast. Once you complete the application and submit the back-up items requested, we will submit a quote in 1 hour or less.    
3. The funding of your invoices in 4 hours or less. That’s right. As an established client, your invoices can be funded in as little as 4 hours!
 4. Accurate and reliable accounts receivable management. Save money on overhead, and get back to the business of doing business, while Garden State Funding and my Credit Partner provides comprehensive receivable management. You are assigned your own personal account executive who processes all of your invoices, sends out statements and handles all details of your account.
  5. A guarantee to eliminate all future bad debts. My Private Lender provides monthly credit checks on your customers because it’s their credit that matters and not yours!
    6. Funding of receivables from $100K to $100MM a year. My Credit Partner has experience providing for both small and large businesses from almost every industry.
    7. NOT A LOAN and the best alternative to a line of credit. With the Factoring of your A/R’s, you’ll be able to        grow your business and remove the burden of financial covenants, audits, bank transaction fees and a third-party financial manager telling you how to run your business. 

A COMPREHENSIVE SOURCE FOR INFORMATION ON FACTORING TERMS & COMMON PRACTICES.

THE FACTORING PROCESS


Factoring is a simple extension of your current accounts receivable process.

Following your normal course of business, you sell your product or service to a customer, and issue an invoice for the value of the goods or service. To factor the invoice, you follow the sale by sending the factor a copy of the invoice. The factor processes the invoice, and within 24-28 hours, the factor gives you a percentage of the invoice amount, called an advance payment. This is the first of two payments you receive when factoring an invoice. The customer, when ready to make payment, directs payment to the factor. When payment is received, the factor withholds a small factoring service fee, and returns the difference, or reserve back to you. The reserve is the second payment you receive from the factor for the invoice.

THE BENEFITS OF FACTORING


INCREASED CASH FLOW
Cash tied up in accounts receivable is now in your hands to fuel business growth. 

FASTER GROWTH
Eliminating the need to wait for customers to pay speeds up your business cycle. 

IMPROVED FINANCIAL POSITION
Factoring frees up cash for you to reinvest in your company and reduce debt.

COMBAT SEASONALITY
Factoring allows you to smooth out cash flow peaks and valleys.

FLEXIBILITY
You decide how much and how often you want to factor.

person holding pencil near laptop computer

Working With Us

These are some of the benefits that your business should expect to receive when working with a 1st class, Industry Leader ABL Lender. Contact me and I'll make sure your company receives just that.

No personal guarantees required 
No term commitments  
No minimum volume requirements 
No “All-Asset” collateral filing on your business  
No reserve hold back 
Free credit insurance on selected accounts 
No “Additional Fees” charged…Zero! 
High advance rates
Low fees 
Soft notification 
You pick the invoices to finance 
You retain control of the invoicing process…and more.

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