Spot factoring services are a great alternative for companies that have occasional working capital needs due to seasonality or large contracts. While the cost of funding individual invoices is more expensive than traditional factoring, you only submit invoices when you need working capital which can lower the overall effective cost.
Spot factoring services are considering an advance against invoices and not a loan. You simply assign your accounts receivables to a lender and receive up to 90% advance. The balance is returned less fees as the receivables are collected.
There are many benefits to this type of receivables factoring:
- Your cash flow is directly tied to your sales and as your business grows so will the available capital
- Spot factoring services give you flexibility - only factor invoices when you need the money!
- Factoring receivables bridges the gap between your invoices and collection
- Gives you the confidence to fulfill larger contracts
We work with many well-capitalized lenders that are aggressively lending. Many of our clients, companies just like yours, can receive the working capital they need even in today’s hard economic times.
Turn your receivables into cash NOW, and gain the working capital and the peace of mind your company needs to succeed.
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