Need to find out how your small business can qualify for invoice factoring? Putting your cash flow management solution in place is fast and easy.
Step 1: Have creditworthy customers
Step 2: Complete an accounts receivable factoring application and provide supporting documentation
Step 3: Forward invoices for products sold and/or services rendered, along with documentation that the work is complete
To make the process to obtain your small business funding solution even easier, you can choose the format of your application:
You want your small business funding process to be streamlined. When you compare invoice factoring with bank funding, the best choice is clear.
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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 |
For more helpful information on how accounts receivable factoring can boost your small business, download our FREE e-book.
Titled "Grow Your Business Through Invoice Factoring," this free e-book is written by MP Star Financial President, Gage Price.
This e-book will detail exactly how you can free up your cash flow management to grow your small business in the direction of your choice. The book will also guide you, step-by-step, through setting up your accounts receivable factoring.
With factoring, you’ll be able to:
- Meet payroll and payroll taxes
- Take advantage of cash discounts when you pay your expenses
- Offer better payment terms to your prospective clients
Ready to boost your cash flow management and grow your small business? Contact MP Star Financial today!
Apply for your cash flow management small business funding solution online today or call us at 1-800-833-3765 Ext. 150.
