What options are available?

Spot Factoring works exceptionally well for companies with seasonal peaks in their business or those with a new larger customer. Invoices are sold outright at a discount as you would any other asset in your company.

Single Notification Factoring is a hybrid of spot and conventional full service factoring. It allows customers with multiple smaller invoices to take advantage of this unique financing tool. All invoices are factored for specific customers jointly and funds are advanced as invoices are generated. The advance rate is lower to allow for possible credit notes and off-set.

Factoring is a flexible financial solution that has been in practice since ancient times. It is the simple process where you access profits tied up in accounts receivable to leverage your business. It can help you be more competitive while improving your cash flow, credit rating, and supplier discounts. Unlike traditional bank financing, factoring relies on the financial strength and credit worthiness of your customers, not you.

The time it takes some customers to pay creates a challenge in handling cash flow within your company no matter how well you manage your business. Factoring could be the most appropriate financing alternative for your business if you are:

• a start-up business
• a growing business
• a seasonal business
• a business with an over-leveraged balance sheet
• experiencing insufficient collateral
• suffering from inadequate cash flow
• in an acquisition/buyout situation
• in a transition/turnaround situation

Factoring provides an opportunity for many small and growing businesses There are NO • commitment fees • closing fees • monthly credit facility fees • legal fees (usually) • fixed/long term contracts • minimums and no maximums And you'll receive cash for most requirements within 24 hours.

CLICK TO GET: Factoring Application form Business Consent form Philmark Privacy Policy Philmark brochure All downloads are in PDF format. You will need Adobe Reader to view and print. Click to get FREE.