Factoring Invoices Benefits Businesses
Factoring rates vary with different factoring companies; however, Caprock's rates start as low as 0.05%. Contact us for customized, competitive rate for you. What are the benefits of factoring and is it right for me? Here we discuss how choosing the right factoring solution can help your company.
In today's lending climate, it can be difficult to get enough credit with the banks. Still, you have an opportunity to win a new contract or perhaps take on additional business with an existing customer. To compound this you have workers and vendors who must be paid in a timely fashion. Factoring is an alternative to the banks. It grants you immediate cash flow and allows you to pay your employees and vendors on time. Your credit rating will improve since you can manage your payables much more effectively and you can go after that new contract with the confidence that Caprock Funding will fund your new receivables immediately.
With Caprock, you choose which invoices you want to sell. We advance your company up to 90% of the invoice at an agreed upon rate. Once the invoice is collected you receive the balance of the invoice not advanced, minus the fee. With Factoring, your customers' credit is what counts, not yours. We can help you even if you have losses or negative equity. Take a look at some of the benefits of Factoring:
Get Immediate Cash Flow with Invoice Factoring:
Get Answers on Customer Credit and Back Office Support:
Get Advances Only on Amount of Cash You Need by Partial Factoring: