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Accounts Receivable Factoring: A Source of Capital

By Lanette Tucker

During these tough economic times many franchisees have difficulty obtaining working capital, factoring can be a quick and reasonably priced source of capital. This article presents some reasons why.

When we begin our business venture, we usually expect less but do more. We see the importance of exerting effort and dedication as a tool to grow our business from small scale to medium and ultimately, to large scale. However, the growth of our business can sometimes become perplexing because of costs. Perhaps you have thought of seeking for help from banks but you wish you wouldn’t have to. This unexplainable feeling of reservation is fine. No businessman would want his business to stay stagnant. At the same time, we want to ensure that our business will grow with the help of trustworthy corporate people and institutions.

Credit and unsavory loan companies will always be there if we need them but we try not to seek their help because of ballooning interest rates and risks.

This is where factoring companies enter the scene. These companies take care of financing the growth of your business without bombarding you with so many problems later on. Factoring companies make use of accounts receivable factoring or financing to help you out. This method will convert sales on credit terms for the immediate influx of cash flow in your business. Factoring companies can provide flexible working capital and additional management expertise in the process of accounts receivable factoring. Unlike newly put up businesses selling on credit terms, factoring companies will not pressure buyers, owners and investors about eventually needing more capital when the business grows.

Accounts receivable factoring will offer you more financial strength because you no longer have to loan from a bank just to provide credit terms to your customers. These days, factoring companies are an ideal choice when managing your business growth produces capital or money problems.

Now, picture this. It can take you weeks and even months to finally get your request approved or not through a bank. Factoring companies understand how precious time is. Therefore, you no longer need to wait for accounts receivable factoring can be done in a matter of days! Factors make sure that the whole process of financing our business ventures will require marginal paperwork and that the approval process is simple.

For additional information, contact:

Lanette Tucker
Paragon Financial Group
200 SE 9th St., Ft Lauderdale, FL 33316
Phone: 954-524-4840
Fax: 954-524-3533
lanettet@paragonfinancial.net
http://www.paragonfinancial.net

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