Accounts Receivable Financing: Monetizing a Valuable Asset

Progressive Commercial Financial’s accounts receivable financing, also called factoring, can be a great alternative for your business. Companies paid for their products and services 30, 60, 90 days or more from date of invoice are eligible. Start-ups, companies losing money, or those in bankruptcy still qualify because our program is based on the credit of your customers, not your own.

Benefits and Terms

Our program is comparable to outsourcing your accounts receivable department, and it frees-up your time to focus on other areas of your business besides collections. Some of the other benefits include:

• Cash in 24 hours
• No personal guarantees
• Any type of company can qualify
• No fixed payments
• Free credit insurance
• Allows you to take advantage of bulk purchase and early payment discounts
• Makes large and unexpected orders easier to manage
• Provides more flexibility than bank loans

How You Use the Money Is up to You

The capital you receive from this program can be used any way you see fit. Funding payroll and other operating expenses is one alternative. Another option is to use it to invest in expansion and growth. It can sometimes be difficult to respond to seasonal demands. Our accounts receivable financing also helps you more easily respond to and manage seasonal and other opportunities.

If you are interested in financing receivables please contact us today.