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Toll Free +1-866-5FACTOR (532-2867)
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FAX: +1 816 353 1653
E-mail: mail@nycfactoring.com

 

 

Factoring is a very fast, very easy and very flexible way to improve your cash flow and generate working capital for your company. Factoring can help you obtain immediate access to cash that is normally tied up for 30, 60 or 90 days in your accounts receivable. This increased cash flow allows you to take advantage of growth opportunities, early pay discounts, reduce debt or cover operating expenses.

Unlike a traditional loan, factoring does not add debt to your balance sheet, and there are no loans to repay. By selling (factoring) your accounts receivable to a factor rather than borrowing from a bank, you simply convert one asset (accounts receivable invoices) into another asset (cash). You can factor your accounts receivables with a factoring company to improve your cash flow or to just get you out of a financial jam. There are no drawn out applications or loan committees, and typically no financials or tax returns are required. Factoring can be short-term or part of an ongoing financing program. New companies can benefit as well, since there is no requirement for a long-term credit history.

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Factoring is one of the most powerful cash flow and management tools available to businesses today. This is because the most important aspect of the transaction is not if your company has good credit, but rather or not your customers have good credit. This is how factoring can help start up companies as well as seasoned companies. So, factoring is a fast, easy and reliable financial transaction that allows you quick access to your working capital that is based on the financial soundness of your customers.

So please allow NYC Factoring help you acquire the capital that your business strives for. We know the problems of startups and high-growth businesses. Our factoring companies are aggressive well-capitalized funding sources and represent lenders who understand your industry and want to help your business. NYC Factoring has the experience, expertise and financial resources to put factoring to work for your business and its accounts receivables.

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