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Due to our expertise, we are able to provide you the funds your company needs within just a few days.
With over 20 years in business, we understand everything about your industry.
We provide businesses with immediate cash flow to meet their operational needs.
If you're a business owner who is waiting for unpaid invoices to be paid, you may be experiencing a cash flow problem. That's where we come in - we can help you turn those unpaid invoices into working capital. Our services provide you with the funds you need to keep your business running smoothly, without having to wait for your customers to pay. With our help, you can access the cash you need to pay your bills, buy inventory, or invest in new opportunities. Let us help you transform your unpaid invoices into working capital and take your business to the next level.
Request A QuoteAccounts Receivable Financing, also known as invoice financing or factoring, is a type of financing in which a business obtains immediate cash by selling its outstanding invoices or receivables to a third-party financial company, called a factor.
Typically, the factor will advance a percentage of the value of the invoices (usually between 70% to 90%), minus a fee or discount, to the business upfront. The factor then takes over the responsibility of collecting the outstanding payments from the customers who owe money to the business. Once the factor receives the full payment from the customers, it will return the remaining balance, minus its fees, to the business.
Accounts Receivable Financing is an attractive option for businesses that need immediate cash flow and do not want to wait for the customers to pay their invoices. It can be particularly helpful for businesses that have long payment terms or slow-paying customers. It allows businesses to improve their cash flow, pay their bills on time, and reinvest in their operations without having to wait for the customers to pay.
More than 20 years of experience working in the industry has enabled us to build our factoring services and provide the funds companies need.
No need to wait 30, 60, 90 days before receiving your cash. At Nationwide Commercial Credit, we simplified and accelerated the process for you.
Factoring is a financing solution in which a company sells its accounts receivable (unpaid invoices) to a third-party financial company, known as a factoring company, at a discount in exchange for immediate cash. This allows the company to access cash flow quickly without waiting for its customers to pay their invoices.
There are several reasons why businesses may have more access to cash flow using factoring companies:
Speed: Factoring companies can provide quick access to cash compared to traditional bank loans or lines of credit. The factoring company can usually provide funds within a few days, which can help businesses that need cash quickly.
No Collateral Required: Factoring companies typically do not require additional collateral, such as property or equipment, to secure the funding. Instead, secure more on the receivable based collateral and rely on the creditworthiness of the businesses' customers who owe the outstanding invoices.
Improves Cash Flow: Factoring companies provide businesses with immediate cash flow, which can help them meet their financial obligations, such as paying suppliers, employees, and other expenses.
Outsourced Collections: Factoring companies often handle the collection of outstanding invoices, which can relieve businesses of the burden of chasing down late payments and managing collections.
Flexible Financing: Factoring companies can provide flexible financing options based on the needs of the business. For example, they can provide funding for a specific set of invoices, or they can provide ongoing financing for all the business's outstanding invoices.
Overall, factoring companies can provide businesses with a more flexible and accessible cash flow solution compared to traditional bank loans or lines of credit. By selling their accounts receivable to a factoring company, businesses can quickly access the cash they need to fund their operations and grow their business.
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