Accounts receivable factoring is a facility many of our clients use to avoid waiting 30-45-60 days for buyers on account to pay.  A factor essentially buys your invoices at a discounted rate as soon as it can verify the completed shipment with the account debtor (your company’s buyer).  For a small percentage of the invoice, your company can take advantage of immediate cash.
 
Factoring is the purchase of accounts receivable for immediate cash.  Factoring gives businesses the power to ensure growth without diluting equity or incurring debt.  After invoices are submitted and verified, they are funded with 24 hours.

How It Work:
Once you’re signed up as a client of The Small Business Loan Store, it’s easy to exchange your receivables for immediate cash.  It works like this:

1.We establish a credit limit on the customers you submit.  Tell us their business name, address, and amount you need.  We pull credit and establish a limit without delay.

2.You complete your business transaction as usual

3.You send or deliver your invoices directly to The Small Business Loan Store.  Use our simple form to summarize and calculate the amount.  Attach the proof of delivery you usually send to your customer.

4.We verify that product was received or service performed.

5.You receive your cash from The Small Business Loan Store.  We wire funds into your bank account within 24 hours.  We retain our agreed fee for service.

6.We forward your invoices to your customers and they pay us directly.

Industries Factoring Can Assist:
Advertising, Agriculture, Apparel, Auto Accessories, Avionics, Building Materials & Supplies, Business Services,
Capital Goods, Catalogue Products, Computer Hardware & Software, Consumer Goods, Electronics,
Entertainment, Flooring, Food, Furniture & Fixtures, Games & Toys, Garden Accessories, Government/Military,
Health & Fitness, Hotel, Housewares, Importers, Janitorial Services, Manufacturing, Novelties & Souvenirs, Printing, Promotional Products, Temporary Staffing, Textiles, Transportation/Trucking, Wholesale.
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