The Factoring Process

The Cash Factor
Converting accounts receivable into cash on hand is quickly becoming one of the preferred ways to provide immediate cash flow for your business. This simple process is called factoring.

You sell your accounts receivable to an investment company called a Factor and receive cash immediately, while the Factor collects the invoices owed to you. With factoring, you retain complete control and ownership of your company, and you get the cash you need.

A Profit Tool
Factoring gives you a valuable business management technique. You get the cash you need now to:

  • Meet current expenses, including payroll, taxes and other operating costs.
  • Purchase more inventory to increase sales volume and ultimately, profits.
  • Fund expansion and growth plans.
  • Take advantage of early payment discounts offered by your suppliers.
  • Respond immediately to seasonal demands and opportunities.

A No-Debt Solution
Unlike borrowing money to meet cash flow needs, factoring does not create debt. "Getting a loan" increases your ultimate expenses by the amount of interest, and reduces the bottom-line value of your company.

Loans also require collateral limited by your hard assets. Factoring is NOT  a loan, so there is no debt to repay. Your balance sheet is more attractive and your financial position is strengthened.

A Simple Process
The Factoring process is straightforward and uncomplicated. The first step is a basic review of your business and accounts receivable, called a Preliminary Evaluation Report.

After the initial paperwork is completed, we review how we can best help you. In most cases we can provide our local funding services. In some instances another funding source may be required. Once approved, most companies receive the cash within 48 hours.

Too Good To Be True?
Because factoring can be the perfect solution for just about any type of business, it often appears to be too good to be true.

You can take advantage of this outstanding opportunity through PRIME TIME Funding, Inc. Nationally, we fund through the recognized and respected resources of the National Association of Factoring Professionals (NAFP). We support and abide by their standards for excellence in the application of the most valuable business management tools of the decade.

Let PRIME TIME Funding, Inc. evaluate how we can begin turning your receivables into immediate cash.
Put factoring to work for you today!
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