The factoring companies are the doers or transactors of business for another’, but a factoring organization specializes in trade debts and manages the debts owed to a client (a business customer) on the client’s behalf.
Who are they?
Well, the factoring company are the one who offer to buy your account receivables and look on behalf of its.
They normally provide the proportion of the fund in the percentage of your annual turn over and you can use these fund to improve your business.
It is the best ever option that most of the business turn its funding directly from the loan, equity or overdraft.
Here are some well know factoring companies that you might consider. Be cleared, I am not trying to promote the company, I just writing base on my understanding.
This company provide the best condition with good tracking records. For example, the process of approval is 24 hours and there is no application fee.
The company does not require financial audit and will not strictly question on how the fund are using.
Most of the company always concern about the relationship between the customer and it after factoring its account receivable as some case the customer feel not very happy when other people come to ask for money.
American Receivable has the good relationship to make sure they customer are not concern about this.
Just like American Receivable, Riviera Finance could process your application within 24 hours.
They have great team and nice support. If you to learn more about how to obtain the fund from this company, please visit here.
Another great company that could offer you immediate cash with no start-up and termination fees however, this company does not offer non recourse factoring.
The factoring companies could help you get large amount of fund immediately and easy process.