Need Working Capital?
ACCOUNTS RECEIVEABLE FUNDING (FACTORING): Many times a business owner finds that times would be much easier if all of the customers would just pay their bills NOW. In a perfect world, a telephone call would yield a mail sack full of capital. Thanks to Compound Profit business owners can have that luxury by calling with the statement, "I NEED CASH NOW!".
Our factoring program liquidates monies that are tied up in your invoices. In many instances, these monies can be in your account within 24 to 48 hours.
WHY DOES FACTORING MAKE COMPANIES PROFITABLE? Factoring is the purchase of some or all of the valid Accounts Receivables for goods and services that have been completed in business to business, or business to government transactions, at a discount. In many ways, Accounts Receivable Funding is similar to improving your working capital cash-flow by offering your customers a cash discount for paying their invoices more quickly.
To determine if your company would benefit from factoring, ask yourself one simple question: “What would my firm do with the cash, if every bill was paid upon issuance, all of the time?” If your company would be able to grow faster, obtain needed supplies or equipment, meet payrolls or thrive if cash-flow delays were eliminated, you are a perfect candidate for factoring.
FACTORING IS A SMART BUSINESS STRATEGY: Factoring gives your business the power to grow, without giving away equity or taking on debt. Contrary to what you may have heard, factoring is not a tool used only by struggling companies. Financially smart companies of all sizes use factoring as a powerful tool to release capital tied up in accounts receivables waiting to be paid. And unlike many other lines of credit, you do not have to have been in business for a couple of years. Compound Profit can fund start-up businesses, those seeking to grow more quickly, and those needing cash for particular business purposes.
Compound Profit will work with you to get qualified for funding in just a few days, and will then work with you to qualify the Accounts Receivables of your clients for funding at whatever frequency that would best benefit your business.
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