Factoring Financing Doesn’t JUST Accelerate your Cash Flow
Factoring Financing involves selling your unpaid invoices to a factoring company in return for a percentage of their value. There are plenty of reasons why factoring your invoices with the help of a recourse factor makes sense. The fact that you can put cash back into your company immediately through accounts receivable financing is just one of them. Plus, invoice factoring is easier to get approved for than a traditional loan.
Accelerated Cash Flow
Needing a cash advance for your business is the most apparent reason for business owners to sell their invoices. With Viva Capital, we are simply advancing on the money you’ve already earned, eliminating the need for bank loans, loss of assets, etc. 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 that you can turn your outstanding invoices into cash immediately with our invoice factoring solutions.
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 and facilities. Unlike invoice discounting (sometimes referred to as advance factoring), your business will not need to conduct the collections. The factoring company collects payments from your customers for you. 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. Unfortunately, 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 of your clients’ credit, not yours. The established clients you are working with may have a longer track record than you. As a result, you can expect advance rates as high as 98%.
When it comes down to it, factoring loans 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 you with your invoice factoring financing.