Government Factoring : Jacksonville, NC
Recently, a growing number of companies in Jacksonville and in other parts of North Carolina, have learned that Government Factoring can stamp out the fluctuation of unpredictable cash flow and improve sales cycles (see our calculator). Factoring also provides businesses with a practical source of working capital when conventional financing is unavailable.
Government Factoring not only offers instant cash through the sale of invoices, but also provides a sure foundation on which to build. With factoring, North Carolina businesses can envision a future of managed growth and performance that will increase profits and help bridge the gap for traditional bank financing.
The Factoring Cycle:
You sell a product, and or a service to your client.
Step 2:
You invoice your client, and submit a copy of the invoice(s) to Factor.
Step 3:
Factor then verifies the authenticity of the invoice(s) submitted.
Step 4:
Once verified, Factor will fund 70 – 90% of invoice(s) face value.
Step 5:
Factor will now wait on payment of invoice(s) from your client.
Step 6:
Once paid, the Factor pays you the remaining 10-30% (less service fees).
Step 7:
That's all she wrote; repeat "The Factoring Cycle" as often as needed.