Flexibility To Select Customers
Lowest Factoring Company Fees In Industry
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Is a past due unpaid invoice or slow paying customer creating a cash flow problem? Imagine receiving the cash for your outstanding invoice today? Why wait for 30 – 60 days (or more) for your money? Why look at traditional financing and a bank loan to take out a business loan and create more debt? Get your money fast – work with a lender that offers you an online invoice factoring service.
Do you ever worry that you can’t meet your debt obligations? Maybe you struggle to purchase more materials or expand and grow your business? Are you ever stressed because the check wasn’t in the mail? Factoring invoices is a smart choice to get more cash into your business. Getting this cash advance strengthens your balance sheet. This business financing strategy improves the balance sheet by converting your accounts receivables into cash.
Are you confused by all of the factoring companies? Do you need to receive financing but don’t know which accounts receivable company to call?
Call us at 888-456-9223 or click here to start. Sunwise Capital is one of the best accounts receivable financers and helps you with:
Invoice factoring is a financial transaction that allows your company to sell its receivables to a third party at a discount.
Using a factoring service means that your company can grow and expand without you waiting for that receivable to hit your account. The key to any company’s growth is access to business capital and bank financing.
The challenge today with unpaid invoices or unpaid receivables (also known as AR Finance or receivable financing) is it can force you to pass up on additional business opportunities. This happens when you know your customer will not be paying you in a timely fashion. It’s no surprise that after the great recession and post Covid-19, more and more companies try to stretch their payables as long as possible. You know they do not pay the invoice on time.
When you sell your accounts receivable to a financing organization, that is factoring. This type of accounts receivable factoring is different than invoice discounting. Invoice discounting is when the business owners borrow money against their accounts receivables. When you choose invoice discounting, you’re agreeing to pay back the loan as soon as the customer pays you for the goods or services.
When you consider factoring as an option, note there is a difference between recourse factoring and non-recourse factoring. When you work with a financing company that offers recourse factoring, you agree to buy them back if the invoice goes uncollected. If you decide to use recourse factoring, there is a discount rate since you’re absorbing some of the risks.
Contract factoring is typically a financing agreement between a construction company and the factor. This invoice financing obligates the construction company to sell a stipulated percentage of all invoices.
You may also consider credit insurance. This is a policy that pays off the debt in the event of a customer’s insolvency.
Let Sunwise Capital, a top invoice factoring company, help you today by eliminating the stress of too much month at the end of the money. Let us help you with the cash flow in your business by using invoice financing. Imagine getting payments the very next day for your unpaid invoices for a small fee from Sunwise Capital. Unlike cash advances or business loans, you can leverage your accounts receivable without worrying about term loans. Invoice factoring can be your solution to your financing challenges.
The invoice financing option dates back some 4,000 years to Mesopotamia where we see the factoring financing option come to life. From there, trade finance using a factoring company traveled to Rome. The Roman factoring company sells the invoice promissory notes at a discounted price. Next, we see accounts receivable financing take an active role during the 14th-17th centuries. We know factoring was used in Europe in clothing and manufacturing industries, especially for import and export companies. The factoring company crosses the Atlantic to America with the Pilgrims around 1620. In New York, the garment industry doesn’t survive without the invoice factoring company. Today, easy invoice factoring, along with bank loans, merchant cash advances, and SBA loans take center stage.
To secure your company’s cash flow
CALL OUR TEAM 888.456.9223 TODAY
Is it becoming increasingly challenging to meet your financial obligations, including payroll, supplies, and materials? At Sunwise Capital our top-notch factoring financing solutions put small and midsize companies back in the driver’s seat and control. You depend on your cash flow to keep your company moving forward. You need consistency and dependability to maintain a solid financial footing and to reduce the stress of not knowing when your next dollar will arrive. Sunwise Capital can turn your factored invoice into immediate cash. Why wait 30, 45, or 60 days to get paid on an invoice?
Factoring costs, the discount rate, and terms may vary depending on risk analysis, collateral quality, and other factors.
Busy? On the road? Get immediate online access to your factoring account to make cash flow analysis easy.
We all know that your cash flow impacts your business. With Sunwise Capital’s factoring program, we can help position your company to take advantage of the opportunities to explore new growth opportunities. Our factoring company solutions provide small and midsized businesses the steady cash flow you need to keep your company running. Take steps to turn your invoices into cash – immediately with factoring.