Wondering how your light manufacturing company can qualify for accounts receivable factoring? The process is fast, straightforward and easy.
If you have creditworthy customers, you simply:
- Fill out an invoice factoring application
- Provide supporting documentation
- Forward invoices for services rendered, along with documentation that your customer has agreed that work is complete
Apply for your business funding solution – factoring – in a PDF format or in a Word format.
Take a look at what MP Star Financial requires – and then what a bank requires. See which one is more streamlined and client friendly.
|
Banks as a business funding solution
|
Factoring as a business funding solution
|
|---|---|
| Prefer to loan to companies with significant tangible assets | Does not base lending on tangible assets |
| Often want credit over $1 million | Accepts much lower credit amounts |
| May insist on insurance policy with the bank as beneficiary | Never requires insurance policy |
| Generally are not risk tolerant | Comfortable with greater risks |
If you still have questions about funding for your manufacturing company, download a FREE e-book: Grow Your Business Through Invoice Factoring.
This free e-book, written by MP Star Financial President, Gage Price, will show you in detail the process you’ll need to follow to set up your accounts receivable factoring. When you free up your cash flow management with accounts receivable factoring, your light manufacturing company can:
- Upgrade technology in your plants
- Take advantage of cash discounts when buying materials and paying expenses
- Grow your company in the direction of your choice
Contact MP Star Financial to rev up your cash flow management and grow your light manufacturing business today!
Apply for your cash flow management business funding solution online today or call us at 1-800-833-3765 Ext. 150.
