New Financial Services
“
If your cash flow is struggling to keep up in this slow economy and your bills come in faster than your receipts, you may want to consider factoring
”

what is factoring?

Factoring allows you to turn your invoices into cash immediately as opposed to waiting 30-90 days for payment. You determine which invoices you want to sell, place them on a schedule and receive 75-90% of the total amount on the same day. Once the invoice is collected, a small fee is deducted and the balance is paid to you.

why factor?

  • Predictable and timely cash flow allows you to take advantage of supplier discounts, pay taxes and bills on time, and gives you peace of mind
  • Replaces your credit department; you can have potential customers' credit worthiness determined at no additional cost
  • Financing availability automatically increases with the growth of your business
  • Assistance in collecting invoices
  • Access to daily online reporting

factoring vs traditional
banking

  • Factoring focuses on the credit worthiness of your customers, not your company's credit.
  • Factoring does not place restrictive covenants on net worth, profitability, leverage or other restrictions
  • Factoring changes your receivables asset for a cash asset and does not create a liability on your balance sheet
  • Getting set up with factoring is fast, with no long approval process

Submit the Form to Get Started

Contact ACCA at  (888) 422-2291
or
(817) 251-8008
Email us at info@accassociation.com

        industries served

  • Transportation companies
  • Staffing companies
  • Manufacturers
  • Distributors
  • Wholesalers
  • Service providers
  • Construction companies
  • subcontractors only
  • in business 2-3 years
  • contracts that do not require subcontractor bonding
  • must have current financial statements

companies that qualify

  • Companies experiencing high growth
  • Start-up companies
  • Under capitalized companies
  • Closely held and public companies
  • Debtors in possession (Chapter 11)
  • Companies with a quality client base and quality products and services