Wondering what you need to qualify for accounts receivable factoring for your security business? You’ll be amazed at how simple the process really is!

To begin accounts receivable factoring, you need:

To fill out an invoice factoring application and provide supporting documentation
To provide invoices for products that you have sold or services you have given, along with documentation that your customer has agreed that work is complete
To have creditworthy customers

Here’s a comparison of what MP Star Financial requires as compared to a bank. See which one you find 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

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 security business can:

Meet payroll and payroll taxes without worry
Take advantage of cash discounts when paying expenses and offer better payment terms to prospective clients
Grow your business in the direction of your choice