Factoring Doesn’t JUST Accelerate your Cash Flow
There are plenty of reasons why selling invoices to a factor makes sense. The fact that you can put cash back into your company immediately is just one of them.
Accelerated Cash Flow
Needing cash for your business is the most obvious reason to sell your invoices. With Viva Capital, we are simply advancing on money you’ve already earned. Turn 30, 60, or even 90 day waiting periods into quick working capital within 24 to 48 hours. At Viva Capital, we have a FAST approval process, so you can turn your invoices into cash immediately.
Outsourced Accounts Receivable
A less obvious, but equally important reason to sell your invoices, is that you’ll have no need for an internal collections department. Turn your collections process over to Viva Capital, and let our collections experts save your company time and money.
High Advance Rate
As a growing business, you are establishing your track record. That means a bank might consider your company to be a high credit risk.
That’s not the case with Viva Capital. We base our decision off your clients’ credit, not yours. The established clients that you are working with may have a longer track record than you do. You can expect advance rates as high as 98%.
When it comes down to it, factoring just make sense. Not only will you accelerate your cash flow, increase liquidity, and outsource your collections to an experienced team of experts, but you’ll also save money in the long term. Factoring has an outstanding business benefit as both a cash flow solution, and an outsourcing opportunity. You need to take advantage of every resource you have. Viva Capital can help.
What is factoring? In simplified terms, we buy the invoice from you to give you working capital in advance of payment from your customer.
Turn your invoices into immediate cash.