Imagine how successful your business would be if you could focus your time where it counts…growing your business… not worrying about cash flow or chasing receivables.
Faster and easier than a bank loan, factoring can be an ideal solution
for you if:
- your business is growing faster than your cash flow
- you've got great, credit-worthy customers who just take too long to pay
- your bank won't provide the funds or line of credit you need
- you need flexible cash flow to react and compete in a changing market
What is Accounts Receivable Factoring?
Simply, Accounts Receivable Factoring is selling your accounts receivable invoices to Accutrac at a discount in exchange for immediate cash. It's easier to obtain than a bank loan and provides quick turnaround of cash…usually within 24 hours
How Factoring Works
Accutrac's friendly experts work with you to create customized factoring solutions for your small or mid-sized company. It's quick and flexible—usually set up within two weeks.
Accutrac's simple 5-step process:
You deliver your product or service to your customer.
You send the invoice to Accutrac.
We send you up to 90% of the invoice amount and forward the invoice to your customer.
Your customer remits payment to us.
We refund the balance to you, minus a small fee.
How Much Does Factoring Cost?
Accutrac offers the lowest factoring rates in the industry
. Our rates can be as low as a prime plus 5.75%, plus a small processing fee depending on the types of factoring chosen.
Types of Factoring Products
All three of Accutrac's receivables financing strategies work on the same principal...Accutrac purchases your receivables in exchange for ready cash, based on you doing business with credit-worthy customers