Invoice Factoring : Saint Joseph, MO
What is Factoring?
Invoice Factoring is a tool used by businesses in Saint Joseph and other parts of Missouri to convert accounts receivable (invoices) into immediate cash. Factoring has become a preferred financial instrument in procuring flexible working capital for Saint Joseph businesses of all sizes.
Why Factoring?
- Instant Working Capital
- Fill More Orders
- Increases With Your Sales
- Extend Credit to Customers
- Easy to Qualify
- 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.