Premier Funding USA :: Services Factoring

Factoring is one of the oldest methods of providing working capital to help businesses solve cash flow needs.

Premier Funding USA
620 Newport Center Drive #1100
Newport Beach, CA 92660
Business: (800) 551-7905
Tel: (949) 858-2900
Fax: (949) 713-2008 info@PremierFundingUSA.com

Factoring is the converting of accounts receivable into cash by selling outstanding invoices to a 'factor' (factoring company) for a discount. Factoring gives your business immediate cash to manage operations more efficiently.

Many businesses have not considered factoring when looking for financing, possibly because they do not understand it. However, factoring is one of the oldest methods of providing working capital to help businesses solve cash flow needs.

Cash flow problems often occur at the early stages of business development or during periods of rapid growth when completed work is unpaid for 30, 60, or 90 days after issuing the invoice. Thus, businesses often apply for short-term debt financing.

However, conventional borrowing increases business expenses and normally requires additional collateral. Some companies--especially smaller ones--are turned down by banks because of loan underwriting criteria. Equity financing is generally harder to find than debt financing. And, once found, it takes longer to arrange.

With factoring, instead of analyzing the applicant's financial statements, the factoring company, evaluates the strength of the accounts receivable. If the business has a product or service that it provides to a creditworthy customer, then the business is a candidate for factoring.

Account receivable funding:
	Offers you immediate and dependable access to unlimited working capital.
	Quickly strengthens your companys financial statements and credit rating.
	Makes it possible for you to obtain cash discounts for early payment of your accounts payable (or any other debt).
	Gives you the ability to offer better credit terms to your clients.
	Increases your purchasing power and provides cash for marketing, expansion and new equipment.
	Can enable you to meet payroll, pay your taxes on time and eliminate the need to file bankruptcy.

Selling accounts receivable to generate cash is a finance method used by very large corporations worldwide, with the factoring service being provided by the largest banks in the nation. In the past, only large corporations with millions of dollars in receivables per month qualified for factoring. Often factors refused to work with smaller companies and companies with a large number of small invoices. Because factoring is widely known, your customers will view this as a positive ability on your part to secure financing, not as a problem with cash flow.

It's likely that many of your customers already deal with factors and may not even be aware of it. Sometimes payments for invoices directed to a P.O. Box are actually going to a factor. Shell Oil, Georgia-Pacific, IBM and other substantial companies factor millions of dollars of their receivables every year.

Funding obtained through the sale of receivables is most often used by a firm to expand and take on larger projects; not merely for cash flow or payroll. Now that this service is available to companies like yours, you can enjoy both the perception and the reality of being a growing company, moving forward.

P.F. USA will consider almost any type of business for a factoring program. Manufacturing, construction, temporary staffing and many more can qualify for a factoring program to improve their cash flow. Go to the "Contact Us" page and either call us or send us an e-mail and we will be glad to aid you in evaluating your situation at no charge.

Contact us today!

Is Factoring For You?
	Would you rather have your cash immediately rather than waiting 30 to 60 days or longer to receive payment?
	Is too much of your available capital tied up in accounts receivable?
	Do you have a profitable business that is sometimes short of cash?
	Do you have creditworthy customers that require you to wait 30, 60 or even 90 days for payment?
	Are you spending too much time tracking and collecting your accounts receivable?
	Have you missed a growth opportunity because your cash was tied up or you did not want to take on a partner?
	Has a bank rejected your loan application or required you to pledge personal assets as collateral?
	Could your business grow if you had more available working capital?
	Are your receivables available to be collateralized? (They have not been pledged to a lender or other entity).

If you answer YES to any or all these questions then FACTORING is absolutely
a solution for your business! "Click here" to get more information