Invoice factoring, commonly known as payroll funding, is a fast and easy method for getting immediate cash injection! In essence, you "factor" your invoices and accounts
receivables through Texas SBA, Inc., and are given up to 98% of the face amount in cash. To conclude the factoring process, your customer remits payment of the invoice through
Texsa SBA, Inc., who also assumes the risk of customer late-payment and default. You can factor as little or as many invoices as you want and as often as you choose. Invoice
factoring is an inexpensive financial tool for overcoming cash flow shortages and unexpected financial obligations in addition to being a pro-active cash flow managerial tool.
Apply Now.
Typically, (a) a business leases commercial real estate, (b) purchases equipment, (c ) hires employees, (d) purchases inputs and raw materials,
and (e)then develops goods and services to sell the public after (f) incurring advertising expenses. All of these expenses are liabilities of the ownership and are paid, financed,
and accrued before one single-item has been sold to the customer. It is at such juncture that one-single unit is sold to the customer and delivered with the merchant still not paid.
Adding pain to the merchant's wound, he or she sends an invoice to the customer requesting payment in 30 to 45-days. Worse yet, no interest is charged by the merchant to the customer
for this 1-month interest free loan. Fact of the matter is, companies that invoice customers are granting their customers a 1-month interest free loan and usually without performing
a credit check on the customer. This is risky-business and unprofessional business behaivor by the merchant who usually attempts to justify their ignorance with statements such as,
"they always pay" or "they're my friend". In the event the customer does not pay, the merchant assumes 100% loss on the invoice and 100% loss on all of the aforementioned steps a - f.
In total honesty, it is the opinion and "offical position" of Texas SBA, Inc., Texas Small Business Association™, An Agency Advocating for 2 Million Texas-Based Businesses™, that
not performing credit checks on "to be invoiced" customers is foolish and bad management! Therefore, any financial difficulties encountered by the vending company is a result of their
accounts receivable negligence. Invoice factoring eliminates your propensity and desire to conduct accounts receivable negligence by transferring the risk of customer payment through
Texas SBA, Inc. Apply Now.
Whether your reasoning to factor invoices is to eliminate a "cash crunch" or to manage your accounts receiveables and cash flows more professionally, Texas SBA, Inc., is your resource.
You have the freedom to factor invoices as a one-time solution or as a continuing endeavor. Invoice factoring is every company's solution to grow and expand your enterprise without
"going into debt" or signing a long-term loan agreement. Start Factoring Today!
Figure out your monthly cycle payment with the calculator below. Find the best rates for your dream machine.
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Factoring Process
- Complete the On-Line Application
- Submit Invoices to be Factored
- Submitted Invoices are Verified
- Funds are Wired into your Bank Account
(entire process is typically accomplished within 3 - 5 business days; subsequent transactions are funded within 24-hours)
Benefits of Invoice Factoring
- 24 / 7 Internet Access to Your Account
- Invoice Factoring is Not a Loan
- No High Interest Rates
- No Monthly Payments
- Approval within 24 Hours
- Funds are Sent via Bank Wire
- Government & Commercial Invoices Accepted
Factoring Characteristics
- No Credit Check
- Business Start-Up, OK
- Recent Bank Loan Denial, OK
- Rates as low as 2% of Invoiced Amount
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