For receivable factoring services, contact Alexander Financial solutions. We have years of experience in the factoring receivables industry and can provide a customized financing solution for your business!
If your business is expanding quickly but you are struggling to obtain the funding you need to continue your growth from banks, receivable factoring from Alexander Financial may be the liquidity solution you need!
Factoring receivables is when you sell your accounts receivable invoices to a purchaser at a discount. The purchaser then collects directly from your customer. Receivable factoring is also a great option for start-up businesses or even businesses that are losing money because the purchaser only looks at your customer’s credit, not yours. Factoring receivables can be considered similar to outsourcing your accounts receivable department. Factoring companies also provide valuable services such as checking the credit of your customers and providing you with monthly statements, which is an added benefit of factoring receivables.
Instead of waiting 30, 60, or 90 days to collect on your outstanding invoices, receivable factoring provides the financing you need now. There are many different things you can do with the cash you receive from factoring receivables. Some options include:
- Purchase new inventory at an early order or bulk discount
- Fund everyday expenses such as payroll and rent
- Grow your business’s capacity to take on new customers and business
- And much more – the options are unlimited!