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Accounts Receivable Financing 

Accounts Receivable factoring is the selling of accounts receivable or invoices in order to obtain immediate funding. This type of financing has been around for hundreds of years to help manage cash flow. If your business is the type that extends credit to its customers, then your business has to wait awhile before actually receiving payment from the customer, depending on how long the terms are for. Until that time, you are left with accounts receivables. With the accounts receivable program, it enables your receivables to be purchased at a discount by giving you an advanced payment up-front. Advances can be anywhere around 70 - 95% of the total value of the receivables. A small fee of 1-2% is charged as the remaining balance is released upon full receipt of payment for all the receivables/invoices. This easily allows your business to be able to make those larger sales and still have the working capital to continue its operations and further growth.


Why use Accounts Receivable Factoring?

  • No collateral
  • Funding around 7 -10 days
  • To meet payroll and other immediate cash flow requirements. To obtain customer credit risk protection.
  • To spend more time on business operations and less time on reporting requirements.
  • To buy inventory for increased sales.
  • To supplement or reduce the amount of equity being raised.
  • To have an alternative to bank financing or equity financing.
  • To take advantage of vendor discounts and opportunistic purchases.
  • To acquire equipment necessary to reduce costs.
  • To bring taxes current.
  • To reorganize, whether in or out of bankruptcy.
  • To make strategic acquisitions.

    Features

  • NO Invoice/Receivable minimum range 
  • NO Long Term Contract Requirements (as short as 3 months)
  • NO Closing Costs
  • NO Personal Guarantees
  • NO Financial Statement Requirements
  • NO Obligation to Sell All Receivables (you choose which receivables to fund)

   Apply Now

>>Download an application - Accounts Receivable Factoring             

*Email/Fax your application and documentation to your loan representative or fax them over to 866-215-1943 and we will contact you immediately upon submission to confirm your request
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Meritt Capital                    
Phone: (302)943-1207
Fax: (866)215-1943
Email: info@merittcapital.com

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