Invoice Factoring : Independence, MO
What is Factoring?
Invoice Factoring / Accounts Receivable Financing empowers Independence and other Missouri businesses to convert accounts receivable (invoices) to immediate cash upon the completion of work. Cash you can use to fund payroll, buy additional inventory and most importantly increase sales cycles and in turn expand your business exponentially.
Why Factoring?
- Factoring is Flexible
- Expand Opportunities
- No Debt Created
- No Loss of Business Equity
- Ability to Fill More Orders
- Increase Sales Cycles
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.