Invoice Factoring Canton GA

This article is about invoice factoring together with its benefits and advance.

Local Companies

AdvanceMe, Inc.
1.888.700.8181
600 Townpark Lane
Kennesaw, GA
Canton Credit
(770) 479-1951
230 Riverstone Pkwy Ste C
Canton, GA
Regions Bank
(770) 479-1436
2653 Marietta Hwy
Canton, GA
First Financial Services
(770) 479-2187
199 Riverstone Pkwy
Canton, GA
First Franklin Financial
(770) 479-5574
1750 Marietta Hwy
Canton, GA
Cherokee Capital Corp
(770) 704-8346
210 Lakeside Dr
Canton, GA
Regions Bank
(770) 479-1436
2653 Marietta Hwy
Canton, GA
First Credit Finance Inc
(912) 673-1818
801 E King Ave
Kingsland, GA
American General Financial Services
(770) 838-9583
1109 S Park St
Carrollton, GA
1st Franklin Financial
(706) 554-2962
629 N Liberty St
Waynesboro, GA

Introduction to Factoring

Invoice factoring, (also called accounts receivable finance, or accounts receivable factoring) is a form of commercial finance whereby a business sells its accounts receivable (in the form of invoices) at a discount. Factoring is considered off balance sheet financing in that it is not a form of debt or a form of equity. Factoring is a financing option for young, under-capitalized businesses that have the profit margins to absorb the factor's fee. Factoring is a flexible form of loan, which advances money to a company as it issues new invoices. It is a widely used financial product that transacts over $70 billion of volume each year in the United States alone, and is one of the most popular forms of financing in Europe. Factoring is one of the oldest and most powerful cash flow and management tools available to businesses today. It is not a loan and will not show up as debt on your company’s balance sheet. It is designed for businesses that want to improve their cash flow by not waiting 30, 45, 60 days for a customer to pay.

Factoring Benefits

Factoring invoices gives you predictable cash flow. This increased cash flow allows you to take advantage of growth opportunities, early pay discounts, reduce debt or cover operating expenses. If you are concerned with your ability to meet payrolls because of unpredictable cash flow you are a candidate. If your business has seasonal peaks that create cash flow dilemmas, you are a candidate. Factoring is a very simple tool that provides you with predictable cash flow. Cash flow planning and control can become skewed due to uncertainty of payment dates. It creates the needed control over your cash flow that translates into greater production, sales and profitability.

Factoring Advance

Advanced funding is wired to your business bank account. This can involve a very substantial payment being made right at the start, with most factors paying 70% to 90% through initial advance of the invoice amount followed by a small additional payment, through reserve release, once they collect the invoice. Remember that the credit-worthiness of your customers will have an impact on the advance and discount rates coming from the factoring company. For example if the invoice's value is $1,000 an advance rate of 80% equals $800. The balance of the advance is called the "Reserve".

Conclusion

Factoring is a way to get immediate cash. Factoring is a long established and mainstream financing option for businesses. Invoice factoring is the time honored and increasingly utilized financial tool that speeds client cash flow and helps avoid the problems that slow-paying customers can create for fast-growing companies. It has become a financial tool used by growth oriented business to increase working capital. It is a fast, easy and flexible way to improve your cash flow and generate working capital for your company so you can achieve the success you are striving for.

About the Author:

Greg de Vries is the VP of Marketing for Business to Business Capital Corp – America’s Friendliest Factor. Please visit BTB Capital Corp at http://www.btbcapital.com to receive a no-cost, no-obligation proposal for factoring or contact us at info@btbcapital.com.






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Featured Local Company

AdvanceMe, Inc.

1.888.700.8181
600 Townpark Lane
Kennesaw, GA
www.advanceme.com

COMPANY OVERVIEW

AdvanceMe, Inc. is the nation’s leading and most-trusted provider of alternative funding and financial services to small-and medium-size businesses. We help to power the growth of these businesses with working capital. Thousands of businesses use AMI financial services as an alternative to small-business loans.

AMI has funded over 18,000 transactions and over 100 franchise concepts and has provided nearly $380 million of working capital since its inception in 1998. AMI invented the alternative funding category and continues to lead it with innovative financial services for businesses.

Our objective is to provide the necessary working capital to help these businesses manage their cycles and existing cash flow and to provide them with carefully timed funding to assure their continued growth.

Located in metro Atlanta, Georgia, AMI has a nationwide sales and customer care staff supporting nearly 10,000 businesses. Founded in 1998 with $9 million in revenue, we have experienced double-digit profit and revenue growth, and are poised to exceed our aggressive target of $265 million by year-end 2005.

AMI's fundamental strengths define our unique position as the capital provider of choice for smart business people around the country.

OUR MARKETPLACE

There are nearly six million small businesses in the United States, each one reflecting the hard work and dedication of its owner. According to the Small Business Association (SBA), “Inadequate or ill-timed financing is a major reason for small business-failure.” Our objective is to provide the necessary working capital to help these businesses manage their cycles and existing cash flow and to provide them with carefully timed funding to assure their continued growth.

OUR STAFF

The AdvanceMe, Inc. sales and customer-care staff are among the most dedicated people in the financial services industry today. These highly trained professionals are frequently complimented by our customers for their responsiveness. Our sales staff is trained to understand you and your business and not treat you like a number. In fact, many of our sales people come from the same industry they sell to, thus providing a more personal and consultative relationship.

OUR SYSTEMS

AdvanceMe, Inc.'s technology-based systems are a benchmark in the financial services industry and the backbone of the company. These systems provide fast, reliable and accurate methods by which businesses can apply and qualify for working capital and an innovative method by which the money is repaid.

A simple “swipe” of a customer’s credit card keeps your working capital advance up to date. Since the rate at which we collect our money is determined by a realistic evaluation of your company's prior monthly credit card receipts, the collection process is both predictable and easy. Our unique credit scoring sy

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Related Articles
- Buying Invoices Canton GA
If you have a problem with cash flow, you might consider finding a company that engages in buying invoices to get you on the right track again. In this situation, a company--or factor--engages in buying invoices from another company at a discount, taking on the responsibility of collecting payments due.
- Factoring Account Receivables Canton GA
- Invoice Factoring Canton GA
- Using Invoice Discounting For Cash Flow Canton GA
- Invoice Factoring As A Short-term Cash Flow Solution Canton GA
- Factoring Fundamentals - Vendor Financing Canton GA
- Invoice Factoring And Invoice Discounting Canton GA
- Factoring Services Canton GA
- Factoring Canton GA
- Understanding Cash Flow Canton GA

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