What is Accounts Receivable Financing?
Accounts receivable financing, also called factoring, is one of the oldest forms of financing in the world. Factoring has been around in one form or another for centuries.
Today, accounts receivable financing is a widely used and viable business solution. Factoring is the Financing of your business accounts receivable that have terms anywhere between 30 and 90 days. Providing cash flow today rather than waiting.
Accounts receivable invoices are assets that can be purchased from you. It is not a loan and does not report to credit Bureaus.
How Accounts Receivable Financing Works
SELL YOUR PRODUCT OR SERVICE TO YOUR CUSTOMER
SUBMIT YOUR INVOICE TO AMERIFACTORS
WITHIN 4 HOURS, WE ADVANCE YOU 80-98% OF THE INVOICE AMOUNT
YOUR CUSTOMER PAYS US FOR THE FULL AMOUNT OF THE INVOICE
WE PAY YOU THE BALANCE OWED, MINUS THE FACTORING FEE
Fee Calculation Example
Example set at 2% fee and 90% advance rate*
The Application Process
*Starting as low as 2% per invoice. Based on the contracted collection period, not an annual percentage. Restrictions and limitations may apply.
©2020 All Rights Reserved