We are located in Upland CA., and have many clients in the distribution corridor which includes Ontario, Riverside, Fontana, Jurupa Valley and Moreno Valley. We specialise in tailoring the correct package to maximise the benefits of factoring. Frequent inspection is a vital factor in the reliability and resilience of your. Invoice Factoring Providing Solutions We are able to advance cash on receivables for companies anywhere in the US. Special variations include those for exporters or in the construction industry. Step 5: Once the funder receives the money owed you can access the remaining cash minus the funder’s charges.įactoring can be a cost-effective solution to funding your business. Step 4: The factor will normally chase the debt on your behalf when it becomes due, helping to minimise the risk of bad debt or unpaid invoices.

Step 3: You request the cash, which can even be done on a same day basis (which may incur a charge), it is paid directly into your normal business bank account. 80% of a £100,000 gross invoice allows access to £80,000 minus any charges. Step 2: The funder calculates the amount of cash you can access against the gross invoice value (including VAT), normally calculated on a percentage basis e.g. Many funders now have systems which link with your accounting package to make it quick and easy to use. Step 1: You assign your invoices (supported by delivery notes or proof of delivery of goods/services). Invoice Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. It’s a well established method of providing finance that directly grows in proportion to your turnover. Have you delivered goods and/or provided services and are waiting to be paid?ĭo you want someone to assist with credit control and reduce the chance of bad debt?įactoring helps thousands of businesses in the UK confidentially turn unpaid invoices into cash in the bank. Do your customers currently owe you money?

Invoice factoring riverside