Factoring- The purchase of accounts receivable for a fee.
If you need to employ additional help, expand inventory, procure equipment or just open a second location, cash is critical for growth. Factoring allows a company to significantly speed up it’s cash flow by turning accounts receivables into cash, immediately, rather than waiting the traditional 30 to 90 day cycle for payment. Factoring helps small businesses with the standard trouble that banks cause a small business. These companies have trouble attaining traditional bank loans due to their length in business, profitability standards the banks adhere to, and the businesses overall financial strength. Complete Merchant Services has the people that can help you get your money today. The immediate injection of cash will assist you in strengthening your company's daily operations and improving your financial situation.
- We take your future credit card receivables in the form of future credit card transactions and buy them from you upfront! We give you the cash and charge a fee to do this. The paperwork takes three minutes to complete. It is quick, easy and painless having a percentage taken out of your daily sales to pay back the fee. You never have to send in any more checks again to the loan company!
Here are some of the advantages of choosing us to set up your funding for your business..
- Unlike similar programs out there, your company does not have to change your credit card processor to receive funding.
- Credit history is not as important as credit worthiness.
- Quick approval, typically within 24 hrs.
- Funding within 5 business days
- Minimum funding amount is only $5000.00 and we can fund up to $100,000.00
- We provide a detailed statement each month. Also, daily email statements are available in most cases.
- True customer service
- No specifies payment amount and a flexible payment schedule
No need to change processors and it's a simple process to get business funding. Simply direct our lending company to have your credit card processor forward all daily credit card receipts to a bank control account. From there, an agreed upon percentage in sent to our lender and the balance goes directly into your bank account. The entire process just adds one day to the regular settlement process!
Restaurants, Hotels, Retailers, or any business that accepts credit cards is who needs small business funding and working capital, Complete Merchant Services can get you the funding you need.
For a no obligation free quote click here or you can email us here.
