Accounts receivable factoring is an affordable way for small businesses. This is to receive funds for their business expenses while awaiting payment on all outstanding invoices.
Accounts receivable factoring has similarities to a traditional loan. In that a lender offers funds in exchange for a fee assessed as a percentage of the loan. Unlike a traditional loan, accounts receivable financing is issued on the basis of a small business’s unpaid invoices.
The goal of accounts receivables factoring is to free up small business’s cash flow. Which are currently tied up by unpaid invoices. This helps your small business manage cash flow, the ability to continue paying your employees and suppliers, and investing in business growth faster and easier than if you waited for your customers to pay their own invoices.
National Advance Group offers a special service called non-recourse invoice factoring. The deffintion is as follows; “Non-recourse factoring is a type factoring facility in which the factoring company assumes the risk of non-payment if the customer does not pay the invoice due to an insolvency during the factoring period.” We can help. Don’t let late payments add up and better your cash flow.
National Advance Group
1 Linden Place Suite 404 – Great Neck, NY 11021