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FACTORING OVERVIEW

If you are a small business and you are billing out invoices which are due in 30 days but your customers take up to 30, 60, or 90 days to pay you, then invoice factoring is the answer to your cash flow problems. Factoring allows you to leverage your invoices to gain direct access to cash. If you are a growing company you may have a lot of money in receivables that you can't tap from a conventional lender. In fact, fast growth creates an inordinate need for working capital.

One of the reasons for business failure in the U.S. today is lack of available funds.  Many of these bankruptcies could have been prevented if the company would have known how to more effectively manage their cash flow issues.  That is where Advanced Funding Group comes in.  We can make sure that you are never faced with that dilemma again. 

Through the process of accounts receivable factoring, you may sell your receivables {or invoices} to a funding source (a "Factor").  Typically, the Factor will advance you 70% to 90% of your total amount and hold 10% to 30% in reserve.  When the Factor collects on the receivables, it will reimburse the reserve amount minus the Factor's fee which is typically 1.59% to 6%.  Within the first month, of factoring you will practically be running a C.O.D. business.  With a network of over 100 funding sources available, including Factoring companies, we can provide virtually any type of financial request locally, nationally, or internationally.  As a source of business, factoring has no equal.  It is the most immediate, ready available, and most powerful method of providing work capital to growing businesses.