Accounts Receivable Financing Georgia

Accounts Receivable Financing is a type of business loan where a company in Georgia is able to borrow money using there accounts receivables as collateral. Accounts Receivable Financing is available to both large and small firms in Georgia, and this website will explain how these loans work.


1. Local Companies

Perpetual Funding Group
770-836-1178 Ext.26
312 Woodland Way
Carrollton, GA
Amerivalue
(866) 499-0922
Atlanta, GA
One Source Risk Management and Funding
404 509 5462
520 Silver Pine Trail
Roswell, GA
Carson Nash Funding, Inc.
770-988-0737
1377 Old Virginia Court SE
Marietta, GA
AdvanceMe, Inc.
1.888.700.8181
600 Townpark Lane
Kennesaw, GA
Pioneer Credit Company
(706) 866-0015
302 McFarland Ave
Rossville, GA
United Finance and Development Co
(478) 923-3759
102 Lois Dr
Warner Robins, GA
Unity National Bank
(706) 234-4715
42 Three River Dr SE
Rome, GA
Wells Fargo
(678) 366-2717
3015 Windward Plz
Alpharetta, GA
Financial Solutions Group Inc Fka Financial the
(770) 990-1145
2155 W Park Ct Ste D
Stone Mountain, GA


2. Accounts Receivable Financing - Info

Accounts receivable financing is essentially the selling of invoices to receive immediate income and capital for a business. Also know as Invoice factoring, it is a billion dollar industry. Unbeknownst to most small companies, invoice factoring has been around for years and is often utilized by larger companies. It is only recently that this service has been offered to small companies which have a great deal of trouble getting funding from banks and financial institutions.

Accounts receivable financing is based on the overall credit rating of the invoiced customer and not solely on the credit rating of the client company. This allows client companies with less than two years of history. It also allows companies in financially difficult times to utilize accounts receivable financing.

The overall funding process is simple enough. Your company invoices your customer for services or goods you provided. Your company sends in the invoice to the factoring agent. Funds are then either wired into or deposited directly into your account. The process takes about 48 hours to receive the funding. Once the invoice has been paid by your customer, the factoring agent takes out the factoring fee, generally 2 to 3% from the 20 to 25% of the invoice face value not funded. Any remaining funds are then transferred directly to you. Again, this process takes about 48 hours.

Accounts receivable financing involves the act of selling of outstanding invoices to other companies that then take on the debt owed. Companies that offer accounts receivable financing solutions buy invoices at discounted rates and the money serves as a source of fast cash for businesses in need of cash.

Need a Business Cash Advance? Call 877-749-5731

3. Factoring versus Bank Loan

Factoring versus Bank Loan Many small businesses in Georgia have difficulty acquiring loans or lines of credit from traditional financial institutions. There are a number of reasons for this. Credit history, length of time in business, collateral, and the type of industry all play heavily into a bank’s decision to loan or not to loan money.

Additionally, banks may be ill equipped to handle the job of monitoring invoices and inventory of a particular industry. They may not want to take on the risk associated with that type of funding option. Furthermore, they may not fully understand the industry that your company competes in. To a banker, a lack of understanding equals greater risk and greater risk often times equals a denial.

By contrast, factoring companies rely on the creditworthiness of your clients. There are no rigid standards to meet on your company’s part. New business and old businesses alike can benefit. Furthermore, some factoring agencies actually offer factoring solutions to companies under bankruptcy protection.

There are a number of benefits derived from the use of accounts receivable financing solutions. First, the company that is selling invoices can rid themselves of the hassle of handling various debts—the debts become the problem of the company offering accounts receivable financing solutions. Also, a company in need of money can get their hands on some fast cash, thanks to accounts receivable financing services.

Need a Business Cash Advance? Call 877-749-5731

4. How it Works

How it Works The initial application process is completed relatively quickly. The paperwork is minimal for the world of corporate finance. Most of the paperwork should already be on hand or easily obtainable. Paperwork includes a two year history, if applicable, of the company P&L, balance sheet, and income statement. Prior invoices may need to be submitted so that the factoring agent may get a better understanding of the invoicing process and format used in your industry and by you and your clientele. The packet is then reviewed by the factoring agent. Upon approval, a Letter of Intent (LOI) is submitted to the client company. This LOI is then signed by the company and returned. A contract is submitted. Due diligence is performed one last time by the factoring agent. Final approval is granted. The invoice factoring begins. The entire application process takes as little as two weeks. If open invoices are submitted during the application process, funding for these invoices generally takes a few additional days due to the newness of the account.

The funding process takes 24 to 48 hours. This is the amount of time from submission of the invoice until funding is received into the business account. As any business owner can tell, this is a fraction of time when compared to waiting 35 to 45 days for payment of an invoice.

Funding amounts vary depending on the terms of your businesses loan. Typically, the factoring is done at 80% of the face value of the invoice. Say for example the invoice your company submits to the factoring agent is for $200,000. The amount of funding your company would receive initially would be 80% of the face value which would be $160,000. Once payment is received by the factoring agent, the factoring fee is taken out of the remainder. This can be anywhere from 2 to 3% of the funding amount. At a 3% funding rate the fee would be $4,800. This amount is then deducted from the $40,000 and the remainder is transferred directly into the account.

Need a Business Cash Advance? Call 877-749-5731

5. Featured Local Company

One Source Risk Management and Funding

404 509 5462
520 Silver Pine Trail
Roswell, GA
http://www.onesourcerm.com

Regional Articles
- Accounts Receivable Financing Acworth GA
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- Accounts Receivable Financing Albany GA
- Accounts Receivable Financing Alpharetta GA
- Accounts Receivable Financing Americus GA
- Accounts Receivable Financing Athens GA
- Accounts Receivable Financing Atlanta GA
- Accounts Receivable Financing Auburn GA
- Accounts Receivable Financing Augusta GA
- Accounts Receivable Financing Austell GA
- Accounts Receivable Financing Barnesville GA
- Accounts Receivable Financing Baxley GA
- Accounts Receivable Financing Blackshear GA
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- Accounts Receivable Financing Brunswick GA
- Accounts Receivable Financing Buford GA
- Accounts Receivable Financing Byron GA
- Accounts Receivable Financing Calhoun GA
- Accounts Receivable Financing Canton GA
- Accounts Receivable Financing Carrollton GA
- Accounts Receivable Financing Cartersville GA
- Accounts Receivable Financing Cedartown GA
- Accounts Receivable Financing Chatsworth GA
- Accounts Receivable Financing Chickamauga GA
- Accounts Receivable Financing Clarkesville GA
- Accounts Receivable Financing Clarkston GA
- Accounts Receivable Financing Cleveland GA
- Accounts Receivable Financing Cochran GA
- Accounts Receivable Financing Columbus GA
- Accounts Receivable Financing Commerce GA
- Accounts Receivable Financing Conyers GA
- Accounts Receivable Financing Cordele GA
- Accounts Receivable Financing Cornelia GA
- Accounts Receivable Financing Covington GA
- Accounts Receivable Financing Cumming GA
- Accounts Receivable Financing Dacula GA
- Accounts Receivable Financing Dahlonega GA
- Accounts Receivable Financing Dallas GA
- Accounts Receivable Financing Dalton GA
- Accounts Receivable Financing Dawsonville GA
- Accounts Receivable Financing Decatur GA
- Accounts Receivable Financing Douglas GA
- Accounts Receivable Financing Douglasville GA
- Accounts Receivable Financing Dublin GA
- Accounts Receivable Financing Duluth GA
- Accounts Receivable Financing Eastman GA
- Accounts Receivable Financing Eatonton GA
- Accounts Receivable Financing Elberton GA
- Accounts Receivable Financing Ellenwood GA
- Accounts Receivable Financing Ellijay GA
- Accounts Receivable Financing Evans GA
- Accounts Receivable Financing Fairburn GA
- Accounts Receivable Financing Fayetteville GA
- Accounts Receivable Financing Fitzgerald GA
- Accounts Receivable Financing Flowery Branch GA
- Accounts Receivable Financing Forest Park GA
- Accounts Receivable Financing Forsyth GA
- Accounts Receivable Financing Fort Benning GA
- Accounts Receivable Financing Fort Stewart GA
- Accounts Receivable Financing Fort Valley GA
- Accounts Receivable Financing Gainesville GA
- Accounts Receivable Financing Glennville GA
- Accounts Receivable Financing Gray GA
- Accounts Receivable Financing Grayson GA
- Accounts Receivable Financing Griffin GA
- Accounts Receivable Financing Grovetown GA
- Accounts Receivable Financing Guyton GA
- Accounts Receivable Financing Hampton GA
- Accounts Receivable Financing Hartwell GA
- Accounts Receivable Financing Hawkinsville GA
- Accounts Receivable Financing Hazlehurst GA
- Accounts Receivable Financing Hephzibah GA
- Accounts Receivable Financing Hinesville GA
- Accounts Receivable Financing Hiram GA
- Accounts Receivable Financing Jackson GA
- Accounts Receivable Financing Jasper GA
- Accounts Receivable Financing Jefferson GA
- Accounts Receivable Financing Jesup GA
- Accounts Receivable Financing Jonesboro GA
- Accounts Receivable Financing Kennesaw GA
- Accounts Receivable Financing Kingsland GA
- Accounts Receivable Financing La Fayette GA
- Accounts Receivable Financing Lagrange GA
- Accounts Receivable Financing Lawrenceville GA
- Accounts Receivable Financing Leesburg GA
- Accounts Receivable Financing Lilburn GA
- Accounts Receivable Financing Lithia Springs GA
- Accounts Receivable Financing Lithonia GA
- Accounts Receivable Financing Locust Grove GA
- Accounts Receivable Financing Loganville GA
- Accounts Receivable Financing Lyons GA
- Accounts Receivable Financing Mableton GA
- Accounts Receivable Financing Macon GA
- Accounts Receivable Financing Madison GA
- Accounts Receivable Financing Marietta GA
- Accounts Receivable Financing Mcdonough GA
- Accounts Receivable Financing Milledgeville GA
- Accounts Receivable Financing Monroe GA
- Accounts Receivable Financing Morrow GA
- Accounts Receivable Financing Moultrie GA
- Accounts Receivable Financing Newnan GA
- Accounts Receivable Financing Norcross GA
- Accounts Receivable Financing Peachtree City GA
- Accounts Receivable Financing Perry GA
- Accounts Receivable Financing Powder Springs GA
- Accounts Receivable Financing Rex GA
- Accounts Receivable Financing Richmond Hill GA
- Accounts Receivable Financing Rincon GA
- Accounts Receivable Financing Ringgold GA
- Accounts Receivable Financing Riverdale GA
- Accounts Receivable Financing Rockmart GA
- Accounts Receivable Financing Rome GA
- Accounts Receivable Financing Rossville GA
- Accounts Receivable Financing Roswell GA
- Accounts Receivable Financing Saint Marys GA
- Accounts Receivable Financing Saint Simons Island GA
- Accounts Receivable Financing Sandersville GA
- Accounts Receivable Financing Savannah GA
- Accounts Receivable Financing Sharpsburg GA
- Accounts Receivable Financing Smyrna GA
- Accounts Receivable Financing Snellville GA
- Accounts Receivable Financing Statesboro GA
- Accounts Receivable Financing Stockbridge GA
- Accounts Receivable Financing Stone Mountain GA
- Accounts Receivable Financing Summerville GA
- Accounts Receivable Financing Suwanee GA
- Accounts Receivable Financing Swainsboro GA
- Accounts Receivable Financing Sylvania GA
- Accounts Receivable Financing Sylvester GA
- Accounts Receivable Financing Thomaston GA
- Accounts Receivable Financing Thomasville GA
- Accounts Receivable Financing Thomson GA
- Accounts Receivable Financing Tifton GA
- Accounts Receivable Financing Toccoa GA
- Accounts Receivable Financing Tucker GA
- Accounts Receivable Financing Union City GA
- Accounts Receivable Financing Valdosta GA
- Accounts Receivable Financing Vidalia GA
- Accounts Receivable Financing Villa Rica GA
- Accounts Receivable Financing Warner Robins GA
- Accounts Receivable Financing Watkinsville GA
- Accounts Receivable Financing Waycross GA
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