Boost Your Cash Flow With Account Receivables
Account receivables factoring, or invoice factoring, is one of the oldest forms of financing.Â Businesses have used this type of financing for nearly 500 years as a form of cash flow. It is used by many types of businesses, including service industries, retailers and health care companies. Accounts receivables collections or debt recovery is not the same as accounts receivables factoring. Companies that offer processing for collection agencies and accounts receivables can be found here.
Interest in invoice factoring has increased, according to theÂ Commercial Finance Association (CFA), a trade association thatÂ tracks asset-based lending trends.
A CFA survey found that asset-based loans totaledÂ $600 billion in 2008, a figure that has grown sharply since the 1970s.
There are many reasons to factor your account receivables:
- Get working capital
- Relieve stress from no-pay and slow-pay clients
- Fill more orders
- Increase sales with flexible funding
- Take advantage of vendor discounts
- Fund payrollÂ and taxes
- Extend credit to customers on large orders
- Buy equipment or inventory on demand
Account receivables factoring is a great way to get cash quickly instead of waiting for clients to pay bills in 30, 60 or 90 days. Factoring gives you an advance payment upfront.
So now instead of waiting for clients to pay, you have the cash you need to invest in your business and expand your company.
For more information about how invoice factoring in Atlanta can benefit your business, visit MDS FundingÂ at http://www.MDSFunding.com, contact MDS Funding atÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â