Why Factoring is Good for you: Simplified

“The secret to success in life is to be ready for opportunity when it comes.” – Benjamin Disraeli

Here's some points on why Factoring could be a great opportunity for you.

• Operate under positive cash flow

• - Keep your company out of the red and take steps to move forward

• - Don’t turn down new business because you are low on cash

• Get on with running and improving your business, don’t concern yourself with fretting about slow-paying customers

• - Take the worry and hassle out of waiting by the mailbox for checks to come in

• Save on not having to hire an accounts receivable specialist or collections employee, we do all of this for you

• - How much would you have to pay each year for the salary of an AR professional?

• - Or how much would you pay a sales representative to grow your business in a different way?

• Be able to buy materials to start on new projects, don’t get lost in the lull of payment terms

• - Turn over your accounts receivable immediately to have a healthy cash base to run business on

• Don’t have all your money tied up in AR and/or inventory, cash out your invoices so you can take discounts and pay your suppliers early

• - Make your suppliers happy by paying them on time

• - Take care of other routine expenses without being stretched

• Too new or small to obtain conventional bank financing? Choose factoring

• - It is adjustable to your sales, factor whichever invoices you’d like, or all of them. You are not tied into a certain amount like with business bank loans.

• Take from age-old wisdom: Factoring has been around for a long time and started as an early form of banking and has evolved into it’s own entity

• - Cotton-factoring was used when American farmers had to ship 80% of their crop to Europe. A factor would advance money to them for their orders so they wouldn’t have to wait long periods for payment, but could continue operations.

• - Learn more about this on our page: History of Accounts Receivable factoring

Factoring can immensely help your business and our kind and considerate staff here at Catamount Funding has your best interest in mind. Call us today with your questions of more details of how it works at (281)596-8577. Or email us at info@catamountfunding.com.