Georgia Accounts Receivables Factoring, Accounts Receivable Financing, Low Commercial Interest rates, Commercial real estate

Account Receivables Factoring is the selling of accounts receivable or invoices in order to secure immediate, working capital (cash). Factoring has been used by businesses around the world for more than four centuries to manage cash flow. Here is a little bit about how accounts receivable factoring works.

If your business extends credit to customers on net terms, depending on how long the terms are for, you must wait a while before you can actually get paid. Until then, you are left with accounts receivable. Accounts receivable are simply future payments that you are entitled to collect for goods or services provided after a given amount of time.

A factor company purchases your receivables by giving you an advance payment up front. This advanced payment is usually 70 - 90% of the total value of the receivables. After charging a small fee (2% and up) the remaining balance is released upon full receipt of payment for all the receivables/invoices. This allows your business to be able to make those larger sales and still have the working capital to continue operations and further growth.

Reasons to Factor:

Obtain a source of working capital
Relief from responsibility for collection of no-pay and slow-pay clients
Fill more orders
Flexible funding program that increases as you increase your sales
Ability to take advantage of vendor discounts
To have funds for payroll and taxes
Extend credit to customers on large orders
Buy equipment or inventory on demand
Business Growth Financing

How I can help your business:

Our Factors' unique programs can provide immediate liquidity for your business. We don't waste time on irrelevant issues. A typical deal can be closed and funded within just days (typically in less than 2 weeks) so you can focus on what you do best: your business's survival and productivity.

Other key factors important to know:

We service businesses whose annual revenues are from $1million to $50 million. We have the ability to fund larger transactions if the circumstances are appropriate. We do business in all 50 states.

Our programs are non-recourse and we do not require an audit of your business financial performance.

No Real Estate is required.

We can help you even if your company is struggling. Let's face it. During this tough economic downturn many businesses experience Negative Cash Flow. If you are one of those struggling companies all you need is good quality accounts receivables and through factoring your receivables you can turn your business around.

Yes, we do the tough deals, as well. If it saves your business from Bankruptcy this is a viable option for you to consider.

While we consider the majority of fields there are two areas where I cannot help: the medical and construction fields.

One more thing...

Our Factors are transparent and have solid past track records. Should you decide to factor your accounts receivable with us you will have secure access to an online platform that will allow you to see your reports and determine whether it would be economical to close out aged receivables batches.

A quick review of the process:

You provide us with a copy of your company's Accounts Receivable Aging.
A favorable review of the accounts receivable will generate a proposal for you – generally on the same day.
You give us the "green light" by signing a fully executed Proposal Letter. A non-refundable application fee is also required (generally $2,500).
Our Factor will prepare and issue the Factoring Agreement for you to sign (typically a 1 or 2-year term).

Note: A Commitment to a minimum ($50,000) monthly volume (depending on company sales volume) will be required.

Your Accounts Receivable Aging of receivables is now processed to be factored.
Public records search of UCC filings and liens; Account Debtor (customer) credit review is conducted; Receivables verification (Calls made to account debtors).
Purchase and sales Agreement for each batch of receivables is executed.
Performance guarantee by principals/operators to deliver conforming goods and proper services to debtor (this is a non-recourse transaction – no personal guarantee of credit for the accounts receivable is required – the Factor assumes the credit risk).
Once the Underwriting process is complete get ready for Funding and Closing. You'll be advanced the percentage determined based on your receivables' face value (typically between 75% - 85%).
When a batch of receivables is fully closed, you will receive the difference between the amount collected on the invoices in the batch and the advance payment less the Factoring fee.