What is Factoring
For a fast and easy way to receive quick cash for your company, choose factoring services from Maine Factors. With factoring, you give your accounts receivable to us and we advance you up to 96% of the face amount in cash. We then assume responsibility of collecting on the invoice, taking on 100% of the credit risk. We will factor large batches of invoices or just one, as many or as few as you need. Find out more information on factoring today.
Factoring can be an inexpensive financial tool to ease cash flow pressure caused by slow paying customers. Instead of waiting weeks, months or even longer for your due payment, with factoring you can receive cash for your accounts receivable in as little as 24 hours. There are no set terms, no required monthly payment and no high interest rates. What could be better? Call or email and set up an account with us now.
Factoring is fast and convenient: a must-have financial business tool for all growing companies in need of capital. Even businesses in challenged financial situations that might not be eligible for traditional financing with a bank can use our factoring services to solve their cash flow challenges. Fill out our contact sheet and Maine Factors will respond immediately.
There are many great benefits of factoring, including (but not limited to): fast and convenient funding, simple credit qualifications, no upfront fees, and friendly and helpful account managers. Start-up companies and established growing businesses alike can benefit from factoring options to keep up with sales growth. Don't hesitate; contact us today to learn more about factoring.
