Invoice factoring in atlanta solves cash flow problems
http://www.accountingfacts.net/articles/5503/1/Invoice-factoring-in-atlanta-solves-cash-flow-problems/Page1.html
Michael Moss
Michael Moss is president and CEO of MDS Funding LLC, an invoice factoring company in Atlanta, that helps businesses improve their cash flow. For more information about how invoice factoring can provide your business with quick cash in as little as 24-48 hours with NO debt, NO banks and NO loans, visit http://www.MDSFunding.com, email cashflowconsultants@mdsfunding.com or call 866-394-4637. By Michael Moss
Published on 12/7/2009
Invoice factoring is a viable solution for businesses who need predictable cash flow, but can't wait 30, 60 or 90 days to get paid by clients. Invoice factoring is one of oldest forms of financing -- dating back hundres of years. Now, many business are exploring the benefits of it as traditional funding sources have largely dried up.
Invoice factoring in atlanta solves cash flow problems
With many businesses battling cash flow problems, invoice factoring -- also known as accounts receivable financing - is one of the best ways for businesses to get money fast.
The problem is often that businesses submit an invoice and have to wait 30, 60 and 90 days to get paid.
The solution: Selling discounted invoices to a third party. Factoring eliminates that problem, giving businesses access to fast cash in as little as 24 to 48 hours.
Factoring Offers Solutions To Cash Flow Crunch
Every day, companies around the world use factoring to provide funds to run and expand their businesses.
It is one of the oldest forms of financing in the world, and dates back hundreds of years. Major retailers use it every day. A Commercial Finance Association Survey found that asset-based loans totaled $600 billion in 2008, a figure that has grown since the 1970s.
It's even more popular now, as more businesses have discovered that traditional funding sources have all but dried up.
Businesses such as service industries, retailers and health care companies use it to operate.
Why Companies Turn To Factoring
Factoring is one of the best ways for businesses to free up working capital. Businesses are able to get money without the hassle of collecting it or waiting until the check arrives in the mail.
You no longer have to wait to collect on your invoice. You don't have to do anything else; the factoring company collects the amount owed from your client and you are free to spend the money any way you want.
It has many uses:
*Pay employees
*Pay down debt
*Buy new equipment
*Expand
*Fund new business developments
The Cost of Factoring
Factoring fees vary, but they are typically as low as 1.5 percent. Overall, it is a small cost to pay for the peace of mind of knowing that you have cash in hand to spend any way you want. Best of all, you don't have to wait months to get paid.
Overall, when you compare factoring to traditional bank financing, factoring is a good deal. There is no debt, no credit application to fill out and no lengthy time waiting for approval.
It's a simple solution to cash flow problems that is relatively simple and easy to implement.
The Benefits Of Factoring
You provide the same service or product to your customers.
You continue to bill your customers as you always have.
You submit your invoices that you want to factor to your
factoring company along with an additional form or another
invoice.
You don't have to haggle or negotiate with the client for
payment; the factoring company handles all of that.
You grow your business without having to worry about cash
flow.
Is Factoring For Me?
Would more working capital offset business expenses?
Do you need cash to expand your business?
Have traditional financing sources dried up?
Would better cash flow strengthen your balance sheet?
If you answered yes to any of these questions, invoice factoring may be a viable solution to fund your business with no debt, no loans and no banks.
The problem is often that businesses submit an invoice and have to wait 30, 60 and 90 days to get paid.
The solution: Selling discounted invoices to a third party. Factoring eliminates that problem, giving businesses access to fast cash in as little as 24 to 48 hours.
Factoring Offers Solutions To Cash Flow Crunch
Every day, companies around the world use factoring to provide funds to run and expand their businesses.
It is one of the oldest forms of financing in the world, and dates back hundreds of years. Major retailers use it every day. A Commercial Finance Association Survey found that asset-based loans totaled $600 billion in 2008, a figure that has grown since the 1970s.
It's even more popular now, as more businesses have discovered that traditional funding sources have all but dried up.
Businesses such as service industries, retailers and health care companies use it to operate.
Why Companies Turn To Factoring
Factoring is one of the best ways for businesses to free up working capital. Businesses are able to get money without the hassle of collecting it or waiting until the check arrives in the mail.
You no longer have to wait to collect on your invoice. You don't have to do anything else; the factoring company collects the amount owed from your client and you are free to spend the money any way you want.
It has many uses:
*Pay employees
*Pay down debt
*Buy new equipment
*Expand
*Fund new business developments
The Cost of Factoring
Factoring fees vary, but they are typically as low as 1.5 percent. Overall, it is a small cost to pay for the peace of mind of knowing that you have cash in hand to spend any way you want. Best of all, you don't have to wait months to get paid.
Overall, when you compare factoring to traditional bank financing, factoring is a good deal. There is no debt, no credit application to fill out and no lengthy time waiting for approval.
It's a simple solution to cash flow problems that is relatively simple and easy to implement.
The Benefits Of Factoring
You provide the same service or product to your customers.
You continue to bill your customers as you always have.
You submit your invoices that you want to factor to your
factoring company along with an additional form or another
invoice.
You don't have to haggle or negotiate with the client for
payment; the factoring company handles all of that.
You grow your business without having to worry about cash
flow.
Is Factoring For Me?
Would more working capital offset business expenses?
Do you need cash to expand your business?
Have traditional financing sources dried up?
Would better cash flow strengthen your balance sheet?
If you answered yes to any of these questions, invoice factoring may be a viable solution to fund your business with no debt, no loans and no banks.