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| Factoring |
Factoring is financing for companies
that have too much cash tied up in their commercial accounts
receivable. By factoring, your company can immediately
receive cash for accounts receivable instead of waiting
30 to 60 days or more, for your customers to pay.
Instead of having your receivables tied up in the billing
cycle, factoring allows your company to use that capital
to grow, buy inventory, make payroll, take advantage of
trade discounts…or anything else that demands your
financial resources. Factoring is a simple and fast solution
to a company’s cash flow needs.
When factoring your accounts receivable, your company
incurs no debt. It merely exchanges one asset (accounts
receivable) for another asset (cash). With factoring,
there is no interest to pay or principal to repay.
While the history of factoring can be traced back over
4,000 years, factoring became common in the United States
at the beginning of the twentieth century in the garment
and textile industries. As industry in the United States
has progressed, first with the industrial revolution and
more recently with the growth of service-based industries,
factoring has evolved to keep in step.
Over the last 30 years, factoring has found its way into
virtually every industry, largely because of the ease
and flexibility which factoring has to offer. Today factoring
is a worldwide, multi-billion dollar business.
Our factoring program offers many benefits to companies
in a variety of industries. We offer high advances (up
to 90% of the invoices that you are factoring), low rates,
on-line reporting, credit and collection services to name
a few. We have been factoring invoices nationwide for
over 20 years and pride ourselves on the quality of relationships
we develop with the companies who use our factoring services.
Please contact us to discuss whether factoring is right
for your company. We have no application fees and are
happy to answer your questions and give you a preliminary
quote. Working Capital Company has helped hundreds of
companies over the last twenty years with their cash flow
by factoring their accounts receivable. We look forward
to helping you and your company as well. |
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Contact Us |
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985 Moraga Road, Suite#210 | P.O.
Box 7007 | Lafayette, CA 94549 | Phone 925-283-4433 | Fax 925-283-7755 |
www.working-capital.com
| info@working-capital.com
Working Capital offers accounts receivable financing in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida,
Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana,
Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South
Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
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Factoring
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