–noun, plural accounts receivable. a claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services.
1. the act of obtaining or furnishing money or capital for a purchase or enterprise.
2. the funds so obtained.
Source: accounts receivable. Dictionary.com. Dictionary.com Unabridged (v 1.1). Random House, Inc. http://dictionary.reference.com/browse/financing
What is “accounts receivable financing”?
Essentially it involves the purchase of the face value of your accounts receivables or invoices by a factoring company at a small discount in exchange for an immediate cash advance usually in the form of a wire transfer.
To learn more about our Accounts Receivable Financing Services click here.
Financing accounts receivables or “accounts receivable factoring” as it is also known provides over a billion dollars in operational cash flow for companies each year.
Once only used by a less significant group of industries, accounts receivable financing is increasingly becoming a more popular option for entrepreneurial sized business who may have trouble securing loans from banks in today’s fast paced economy. As the banks step back accounts receivable financing is filling the financial void that has developed.
Will my customers think my business is failing?
By far the most prevalent cause for a business to fail is lack of capital to operate the company. By having a finance company that is willing to support your business, you can begin to expand into sales opportunities that might cause a strain on your cash flow. Our clients use the fact that a strong legitimate resource is backing their growth in their marketing efforts.
What makes Creative Capital Associates different?
For over a decade our factoring company has focused on what we do best, the firm skillfully operates in this often risky segment of commercial accounts receivable financing. As a benefit to you, all our factoring clients receive the advantage of credit management over their customers, making sure they are not advancing credit on non-creditworthy sales.
Additionally, when it comes to factoring you want to move quickly. We can set up your account in days and then be advancing on your invoices for factoring usually within 24 hours. Once you decide to move ahead, our staff will keep your account on the front burner as long as you are involved in our portfolio.
Now is the time to make your move.
We are advanced technically, and can be reached by any manner that is comfortable with your daily business routine. Whether phone, fax, email, or courier, get in touch and begin to ask us the hard questions so when you think of a factoring company, you think of us.