Invoice Factoring : Rio Rancho, NM
What is Factoring?
Invoice Factoring is the sales of a company's accounts receivable (invoices) at a discount. Factoring is a widely-used form of finance amongst growing companies, regrowth businesses, and habitual entrepreneurs. Many of the largest and most stable business entities in Rio Rancho, New Mexico, the United States and other parts of the globe including: Europe and Asia, choose factoring as their primary source of working capital.
How Can Factring Help?
Invoice factoring is utilized as a means to speed up payment, so Rio Rancho companies can seize opportunities to increase Sales Cycles (see our calculator) and as a result increase market share and profits. Invoice Advance provides your business with an unlimited line of capital, capped only by the amount of business you can write, and not on the weight of your assets.
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.