Alexander Financial Solutions is a national lender that offers invoice factoring services to businesses from a wide variety of industries. Our years of experience and industry knowledge can help your business grow with factoring invoices!
If you have a growing business but are struggling to obtain the funding you need from banks, consider invoice factoring from Alexander Financial Solutions! Alexander Financial can provide the financing solution that is right for your business with invoice factoring.
Factoring invoices is when you sell your business’s accounts receivables at a discount. You receive the cash that would otherwise be locked up for another 30, 60, or 90 days, and the factoring company collects directly from your customer. With invoice factoring, your invoices are considered a financial asset – not a debt. Factoring invoices not only frees up cash, but it frees up your time to focus on your business instead of collections. Invoice factoring can also benefit companies who are losing money or in bankruptcy, because factoring companies focus on the credit of your customers, not you!
There are many different things you can do with the cash you receive from factoring invoices. Some options include:
- Buy inventory at a bulk or early order discount
- Fund operating expenses
- Respond to the seasonality in your industry
- Acquire new business and take on new opportunities
- Purchase new equipment, materials, or hire new personnel to grow your business. Factoring invoices is highly beneficial to companies looking to grow!