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Accounts Receivable Financing

 

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*

FACTORING FEE $20 ADVANCED TO YOU $900 INVOICE BALANCE $1000 PAID TO YOU AFTER YOUR CUSTOMER PAYS $80

The Application Process

 
GET APPROVED COMPLETE AN APPLICATION WITH SUPPORTING DOCUMENTATION SIGN AGREEMENT SUBMIT INVOICES AND RECEIVE YOUR FIRST FUNDING

*Starting as low as 2% per invoice. Based on the contracted collection period, not an annual percentage. Restrictions and limitations may apply.