Have you been waiting on your invoices to get paid?
We offer factoring financing for all types of industries! We make invoice Factoring easy. With Contract Credit, your company will be provided with the funds equivalent to your pending invoices, while we use your accounts receivable as collateral. We work with small, medium, and large companies that are waiting for their invoices to get paid and cannot afford to halt all processes within their company while waiting.
One of the many benefits of working with Contract Credit is that you leave banks and their lengthy application process out of the equation. Contract Credit can approve within days and we use your company’s receivables as collateral for approval.
Our clients can have the possibility of growing successfully without having to worry about running out of cash flow to continue with manufacturing and acquisition of new clients.
Receivable Financing Rates as low as 1.59%
Invoice factoring, also called Accounts Receivable Financing, is a financial solution provided by factoring companies like Contract Credit to help businesses with cash flow issues while waiting for their invoices to get paid.
Invoice factoring is basically turning unpaid invoices into cash fast and when needed. Businesses who have to wait for their customers to pay their invoices, normally a few weeks to months, but that need cash flow to continue running their business.
The best part about invoice factoring is that it is not considered a “loan.” Instead, it is a sale with a discount to a factoring company who will advance you the payment for those invoices. The factoring company will then be the one receiving the money from your customer when those invoices get paid in 30, 40 or 60 days. The huge benefit is that your business’ operations do not have to be disrupted because of lack of cash flow.
As an example, if your company sells a product to another business and the invoices come up to a total of $5,000, which will be paid in full in 30 days, you then need to figure out how you will fulfill your company’s financial responsibilities for the next month. This is where using invoice factoring can be the perfect solution!
Financing Receivables a Simple Process!