Alexander Financial Solutions has expertise in arranging the factoring services that is right for your business!
What is invoice factoring?
Simply put, invoice factoring is a method of financing for businesses where a third party purchases a business’s accounts receivable invoices at a discount. The third party then collects on the invoice directly from the client. The invoices are not considered a debt; rather, they are considered a financial asset! Alexander Financial Solutions has years of experience in invoice factoring and is dedicated to helping you and your business with the financing solution that fits you best.
How is factoring invoices beneficial to my business?
Invoice factoring is a great option for businesses that would benefit from having an increase in working capital. If your business has cash tied up in invoices due in 30, 60, or 90 days but you need to get paid sooner, Alexander Financial has a liquidity solution for you! Factoring invoices will unlock the cash and take away the hassle of dealing with collections. Think of invoice factoring as outsourcing your accounts receivable department. A factoring company also provides valuable services such as checking your customer’s credit and providing free credit insurance to qualifying accounts.
What can I do with the cash I receive from invoice factoring?
There are many uses for the cash you receive from factoring invoices. The extra cash can make it possible to take on new business. You could also use the extra cash to take advantage of bulk or early purchase discounts on materials. You could even use the money you receive from invoice factoring to fund every day operating expenses such as payroll and rent. Factoring invoices is a great option for small or medium businesses that need financing to grow but are having trouble securing funding from banks. Let Alexander Financial help you unlock the cash you have tied up in your receivables today!