Try it to see if factoring is right for your business. You will need your monthly sales figures, cost of goods sold, and other information to determine if factoring is suitable for your business.

To learn more about how factoring can leverage your business and what options are available, please contact us for your no-obligation consultation.

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Benefits of factoring

Accounts receivable financing (factoring) is an ideal cash flow solution. We buy your invoices and accounts receivable for up to 97% of the face amount in cash. We pay you immediately and collect the invoice payment directly from your customer.

Factoring is an inexpensive financial tool to ease cash flow pressure caused by slow paying customers. It is a vital tool for all growing companies in need of capital.

Access to cash ensuring growth without diluting equity or incurring debt.

Businesses no longer need to turn down new opportunities. Cash can be used to pay ongoing operating expenses, take advantage of supplier discounts etc.

Short term solution to short term needs.

Factoring is not intended to replace conventional methods of financing. A client’s long-term relationship with their bank is enhanced. Credit ratings are improved through prompt payment of bills and larger account balances.

No monthly service charges, hidden application or processing fees.

Factoring is considered one of the fastest, most cost effective methods to generate short term working capital.

Proven methodology and protocol

Ensures a positive impact on your customer.

Financial Rewards.

The faster your customer pays the larger the rebate (if spot factored) or the lower the interest costs (single – notification factoring).

24 Hour Funding

Same day business account deposits allows for convenience.

More productive use of owner/operator management time

Predictable timing of cash flow allows for more efficient business planning.

Debt-free financing

Factoring is not a loan. There is no liability on the balance sheet. It automatically adjusts to the rate of your company’s growth because the invoices trigger the required financing. Your financing is already in place and keeps pace with the growth of your business.

How will this affect your customers?

Whether your customers are large or small they will still benefit from your services and only dealwith Philmark for payment of those services. Larger companies will adhere to credit policy and will pay accordingly. Smaller companies tend to pay faster knowing that Philmark is an influential credit-reference and reporter to credit bureaus.

Think of it much like setting up a merchant account with your credit card company. You provide the services to your clients and they charge you a small fee to collect payment. The relationship you’ve built with your customers remains intact.

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