WHAT IS FACTORING?
With factoring, your invoices are used as collateral for a short-term loan which provides you immediate cash with which to meet these expenses.
Factoring puts the cash you would collect in 30 days into your bank account now.
The program is very simple and easy to use. Whenever you want to factor invoices, you send them, along with supporting documentation, to Priority Factoring by fax or email. Priority Factoring advances 100% against these invoices by sending a direct deposit to your bank account, less 3% 2% $1.
What are the advantages to Factoring with Priority Factoring
- Cash Flow is more predictable
In addition to speeding up your cash flow, factoring also makes it easier to manage your cash since your invoicing is more predictable than when customer payments will be received. - Flexibility with your financing
Factor when you want, as much as you want, and for as long as you want.
And when you use Priority Factoring, you’ve added a business professional to your team whose expertise can benefit you beyond just financing. We welcome the opportunity to discuss your particular situation and needs. [Contact Us]