If today’s economy has you looking into financing solutions for your company, factoring lets you collect payment on your invoices immediately, so you don’t have to wait for clients to pay. Factoring was common during pre-revolutionary war America to facilitate trade with Europe yet is often misunderstood in today’s modern economy. One worry business owners have is how will factoring affect their customers.
Factoring your invoices gives you an immediate cash injection. Making your company solvent and better prepared to meet current expenses and take on additional customers. While these are powerful reasons to factor, you must be aware of what interactions your factor is going to have with your customer.
Other Factors May Create Confusion With Your Clients
Some factoring companies will initiate their own phone calls and emails with your customer. Often resulting in confusion and loss of good will. At American Receivable we place such a high value on our relationship with each client, we understand the importance of your relationship with your customer. With over 40 years of experience we have put together a factoring program where our client handles all communication with their customer. By design, we have eliminated needless calls to your customer and let you our client forward via email all necessary communication. Allowing you to maintain control over your relationship with your customer.
This is just one example of the many advantages of factoring with American Receivable. Client’s who turn to us when they don’t have enough money to make payroll continue factoring because the steady cash flow has allowed them to take on more and bigger contracts. To find out how factoring your invoices with American Receivable can help your company prosper in 2020, call Jack Stieber or Brad Gurney at 1-800-297-6652 or complete our quick application form.