Factoring
Factoring, also known as Accounts Receivable Financing, is the real-time exchange of your receivables for cash.
Factoring is a good option for business owners who may run into cash-flow management issues due to seasonality, logistical errors, damaged inventory, and to help grow your product offerings.
Personalized approach
The lender will evaluate your business to determine the percent of outstanding receivables they are willing to provide. To calculate the percent of receivables that a Premier company is willing to advance, the lender will consider such points:
How does it work?
A cash advance is provided based on the total value of outstanding invoices being factored
Once the outstanding invoices have been paid you will net the remaining invoice value minus the factoring fee. Typically between 3-8% of the total value
You will receive between 50-90% of the total value upfront
Factoring
Factoring, also known as Accounts Receivable Financing, is the real-time exchange of your receivables for cash.
Factoring is a good option for business owners who may run into cash-flow management issues due to seasonality, logistical errors, damaged inventory, and to help grow your product offerings.
Personalized approach
The lender will evaluate your business to determine the percent of outstanding receivables they are willing to provide. To calculate the percent of receivables that a Premier company is willing to advance, the lender will consider such points:
How does it work?
A cash advance is provided based on the total value of outstanding invoices being factored
Once the outstanding invoices have been paid you will net the remaining invoice value minus the factoring fee. Typically between 3-8% of the total value
You will receive between 50-90% of the total value upfront
Get Premier Assistant offers
There is no obligations for trying and it never affects your credit score
Premier Assistant offers a variety of products over a wide range of industries to help grow your business. Contact us: (646)-759-2511
NEWSLETTER
Get Premier Assistant offers
There is no obligations for trying and it never affects your credit score
Premier Assistant offers a variety of products over a wide range of industries to help grow your business. Contact us: (646)-759-2511
NEWSLETTER