The third strategy offered by Accutrac Capital Solutions and most commonly used by our clients is a type of recourse factoring called a Factoring Line Of Credit Product secured by your receivables. As the name implies the Factoring Line of Credit is a factoring product which is most similar to a traditional bank line of credit with the limit of the account corresponding with the dollar value of the invoices submitted to Accutrac Capital Solutions. This product was created with the sole purpose of:
Stabilizing Cash Flow
Reducing Financial Stress
Reducing your Factoring Costs
Putting you in Control
Most Factoring Companies that purchase receivables do it on a per invoice basis which unfortunately causes confusion with accounting and collection and also with your cutomer as each invoice may have a different payee. With Accutrac Capital Solutions Factoring Line of Credit the confusion disappears.
Your company submits all invoices into Accutrac Capital Solutions but your discount fees are only charged against the amount of money you have outstanding on any given day. This strategy allows a greater control over your cash flow. As with all industries there are down times when the invoicing is slower then usual but the operational costs stay the same. With Accutrac Capital Solutions Factoring Line of Credit product the available funds from the Factoring Line may be advanced at any time whether you have submitted invoices that day or not.
For example, if you have submitted $20,000.00 of invoices but only needed $10,000.00. We would advance the $10,000.00 and discount fees would only be charged on the advance. This would leave $10,000.00 available to be advanced at your discretion.
Low Rates & Fees
Complete Flexibility of Advances
24 Hours Fund Advance
Friendly & Knowledgeable Account Managers
This is the most commonly employed strategy with our clients and well received by companies as they see the value in a stable cash flow and the ability to focus on their growing companies.
