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Understanding Invoice Factoring

By September 13, 2019 No Comments

If you own a small business in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads, chances are high you will want to use invoice factoring at some point.

Invoice factoring is a type of debt financing tool that many large corporations use, because it is a smart way to manage finances. Many small businesses mirror what the big boys do, just on a smaller scale. Invoice factoring is one of those traits to copy.

Invoice factoring is where a business sells its receivables at a discount. Small businesses in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads usually use invoice factoring when their receivables stretch past 45, 60 and 90 days.

If you are a small business owner, you know that some contracts, while nice and lucrative, can cause cash flow burdens due to invoice turnaround time. Invoice factoring eliminates those headaches and keeps your company moving smoothly ahead.

All Merchant Funding is headquartered in Chesapeake and has many clients in Hampton Roads that have benefited from our invoice factoring services to free up working capital and keep their cash flow strong.

If you are interested in hearing about our programs and getting an offer, all we need is a completed application (APPLY ONLINE HERE) and the three most recent business bank statements. We provide 24-hour approvals with a streamlined funding process that our clients love.

IF YOU ARE LOOKING FOR a local invoice factoring company as well as a honest partner to help grow your small business, please contact us at (800) 628-1001 or funding@allmerchantfunding.com.  Thank you!

 

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