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MBS Financial, LLC
- PO Box 1755
- West Jefferson, North Carolina
- 28694-1755
- Phone: 336.219.0105
- Website
Description
Once they are your credit customers, you need top-notch servicing resources to keep them as loyal, repeat customers. And that's exactly the focus of the MBS Financial Private Label Credit Solutions program. From application to fulfillment, we provide a premium service to you and your customers.
Factoring is the purchase of your accounts receivable (invoices) in order to provide you with the cash flow you need when you need it. Factoring is a widely accepted business practice used by large, mid-sized, and small companies. Here's how it works. You perform a service or deliver a product and you are ready to invoice your client. Complete the application above and email or fax a copy of the invoice(s) over to us. In most cases, you can have the cash you need in 48 hours. Once you have established your account, the process takes just 24 hours usually.
We can advance up to 80% of the confirmed purchase cost to your supplier. We pay your supplier or open a letter of credit. You deliver the goods and we invoice your customer. We collect the invoice payment from your customer and pay you the balance between the order value and the amount paid to your supplier, minus our fees and cost of money used, once payment has been received.
From your clients' perspective, your company is probably not the first to utilize this source of cash. They understand that your business is growing and that you need cash to fuel that growth.