Contact Factorway for a free evaluation of your business financial needs. Our sales department can be reached at 305-495-4210, or send an email inquiry to: Info@factorway.com
Once our financial advisors have identified your needs, they will match our products and services to your specific scenario and will guide you through the completion of our client application. This application contains two sections; section one, refers to questions pertaining to your business and section two contains questions about your clients. Factorway’s risk management department will evaluate the information contained in your application and will issue a factoring proposal. Soon after accepting the conditions of the proposal your company will begin to factor. Account receivable funding will give you the cash you need without the added hassles of a loan.
Your company can begin the process of Cash Flow Factoring or Invoice Discounting in five easy steps.
- Your company delivers the merchandise, products or services to your client and issues an invoice.
- Your company assigns the invoice to be paid to Factorway.
- Your client accepts your merchandise, product or service and the assignment of the invoice to be paid to Factorway.
- Factorway funds your company for the merchandise, products or services sold to your client.
- Your client pays Factorway and in turn Factorway releases the remaining percentage held in trust minus the fees charged by Factorway to you the client.
The entire process can be completed in a week’s time from start to finish. This is much faster than the approval process of a traditional lender which some times can take up to several weeks
Factoring-Invoice Discounting can provide you with the working capital needed to grow your business, improve your cash flow and pay your operating expenses. Account receivable factoring is the fastest