What Is Account Receivable
factoring is an established financial service whereby a factoring
company purchases outstanding account receivables.
Gets the Money From Account Receivable Factoring?
client (you) are advanced up to 75% of the
value of your account receivables and then the client (you)
receives the balance of the value of the invoice upon collection (minus
the factoring company fee).
Account Receivable Factoring a Loan?
factoring is not a loan.
No new debt is incurred. Factoring is defined as the purchase of a
company's receivables. This is not a loan where the receivables
are used as collateral.
My Paperwork be Doubled?
Midwest Factoring Service will forward your prepared invoice
to your customer and then follows up to be sure of prompt payment.
We then report those payments to you. We
provide reports detailing your purchases & advances, reserve account,
and accounts receivable aging.
Someone Try to Tell Me How to Run my Company?
Traditional funding sources expect to profit from your future success
by assuming equity in your business and/or taking an active role in
decision-making. Factoring improves cash flows, but leaves you in
Accounts Receivable Factoring a Slow Process?
the opposite is true. Midwest Factoring Service can advance
cash in as little
as 48 hours of receipt of a factored invoice
and the required supporting documentation.
I Need to Sell (factor) All of My Invoices?
You decide which invoices you need to factor to manage your cashflow
in the best way.
Midwest Factoring Service Serve Only the Midwest?
us a call from anywhere in the US. Midwest Factoring Service
works with companies and transactions throughout the United States,
from coast to coast.
My Business Have to be a Certain Size?
can help businesses just starting out, or established firms whose
cash flow has slowed.
And, because factoring frees capital frozen in accounts receivable,
it helps clear the way for growth-oriented companies.
Other Services Does Midwest Factoring Service Offer?