BENEFITS OF FACTORING

  • A consistent and dependable cash flow.
  • Immediate cash for inventory, equipment, expansion, or payroll.
  • Reduced credit risk.
  • Professional accounts receivable and credit management.
  • We provide the resources you need to grow your business.

OUR SERVICES

  • Credit and collections
  • Lock box, cash application, A/R bookkeeping
  • Real-time, on-line reporting available 24/7
  • Purchase Order Financing
  • Account Receivable Management
  • Credit protection through Non-Recourse factoring

INDUSTRIES WE SERVE

  • Oilfield services
  • Staffing and Consulting
  • Manufacturing
  • Telecom
  • Transportation
  • Construction
  • Distribution

LET'S GET STARTED

Not sure which solution fits your business needs?

How it works?

So, what is factoring? Simply, factoring is the sale of a company’s accounts receivable for immediate cash. Most companies have to pay bills faster than they can collect on their accounts receivable. This disrupts cash flow. So, if you expect to collect on several accounts receivable next week, but need cash today, factoring is a great option. Not only does factoring turn your trucking company’s invoices into cash in a day, it also takes care of collections and other back-office work for your company.

In business, there are times you are waiting as long as two months between a for payment after completing a job. When you have gaps in payment, building up cash flow can be difficult. Factoring is not a loan. A bank will lend you money based on your ability to repay that loan, while a factoring company makes advances based on the ability of your customers to pay what they owe. That makes factoring much easier to qualify for. Most bank lenders are wary of lending money to small and medium sized companies whose financial statements don’t necessarily reflect their potential.

CONTACT US

See the CoreFund Difference