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Finance If you are a small businessman and you are sending out invoices which are due in 30 days but your customers take up to 30, 60, or 90 days to pay you, then invoice factoring is the answer to your cash flow problems. accounts receivable factoring or factoring allows you to leverage your large invoices to gain immediate access to cash. If you are a rapidly growing company you may have a large amount of money in receivables that you can’t tap from a traditional lender. In fact, fast growth creates an inordinate need for working capital. With the economy slowing, banks are curtailing lending and, when they do that, small businesses are always the first to get hurt.
The number one reason for business failure in the U.S. today is lack of working capital. Many of these bankruptcies could have been prevented if the operators would have known how to more effectively manage their cash flow issues. That is where Sovereign Funding Group comes in. We can make sure that you are never faced with that problem again.
Through the process of accounts receivable factoring (receivables-funding) you may sell your receivables to a funding source (a Factor). Typically the Factor will advance you 70% to 80% of your total amount and retain 20% to 30% in reserve. When the Factor collects on the receivables he will reimburse the reserve amount minus his fee which is typically 3% to 5%. You can see that after the first month of factoring services you will be virtually running a C.O.D. business. Our Certified Cash Flow Consultants have over fifteen year's business experience; we know how hard it can be to obtain cash flow when you need it most.
It's our goal to make your search much easier! You can be assured that Sovereign Funding Group will always act professionally, in your best interest and with complete confidentiality. With a network of over 100 funding sources available including factoring companies, we can accommodate virtually any type of financial request locally, nationally or internationally. In addition, Sovereign Funding Group can facilitate the sale of privately held cash flow notes and real estate notes.
Feel free to contact us anytime for a free no-risk consultation toll-free at (877) 836-4661 or if you have any questions.
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