Looking to boost working capital and free up cash flow to grow your business? Unable to obtain a credit line from a traditional lender? Not interested in giving up valuable equity to a venture capital firm or investor?
We can help! Thanks to our association with Rexford Funding, a commercial finance company specializing in factoring accounts receivable for small- to medium-sized businesses, you can turn your invoices into cash in 24 hours - instead of waiting weeks or even months to get paid. Rexford understands the challenges of growing companies and creates funding solutions to meet them, tailoring its services to your company's individual needs.
What is factoring? Factoring is the sale of your accounts receivable for immediate cash. Unlike a traditional loan, factoring does not add debt to your balance sheet and there are no loans to repay. By selling your accounts receivable to a factor rather than borrowing from a bank, you simply convert one asset (accounts receivable) to another (cash). There are no lengthy financial applications to fill out or loan committees to satisfy, and even new companies without a long-term credit history can get funded.
Here are five reasons to consider factoring:
- Immediate cash (instead of waiting weeks or months for customers to pay)
- Quicker collections and lower overhead (because Rexford handles your invoices and deposits your checks)
- Increased sales (because you can now offer credit terms to your customers)
- Lower expenses (because you’ll have the cash to take advantage of vendors’ early-payment discounts)
- A stronger balance sheet (because factoring creates no liability) without diluting your equity or giving investors a say in how your business is run
Interested in finding out more about Rexford's factoring services? Click here to complete our client application form!
Or contact us TODAY at 917-689-4368 or rosalind@abcbizhelp.com
