Comprehensive Funding, Inc

Description

Factoring is selling the interest in your receivables or invoices to a factor for immediate cash. Factoring is an old financial service used by multi-billion dollar corporations that is now available to smaller sized businesses to which banks are reluctant to lend funds. Factoring is also called "accounts receivable financing". A company sells its accounts receivable (invoices) which represents money due from its customers to a factoring company, at a discount so that it does not have to wait the normal 30-60 days terms that it takes for the invoices to be paid. Factoring will help a company stay current with its vendors and other financial obligations. The problem with many new and fast growing companies is their ability to obtain traditional bank financing due to their profitability or financial strength, and their length of time in business. Factoring will allow new companies to convert their accounts receivable into immediate cash. Once they have delivered their product or service, they can get money in less than 24 hours. There are a number of reasons why factoring can help such a company with staying current with its vendors and other financial obligations. Factoring does not have the limitations that are found at most banks. Most types of financing require two years in business and showing a profit. Factoring can help young, growing companies who can not obtain other types of financing. Apply now and get cash for your invoices today. Just click on the Application link to get started.

Products & services

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