Factoring: the immediate cash flow solution  

Factoring, a cash flow solution

Deliver your product or render a service and have cash in your hands within 24 to 48 hours. No complicated loan process, no credit score requirement, no financial statements and no waste of your valuable time! You get a lump sum of debt-free cash through factoring, the fastest and easiest technique for business financing. It's an immediate cash flow solution.  Receive upfront cash without having to wait for your customer to pay you for services rendered or product delivered.  Factoring is known by several names: receivable factoring, invoice factoring, business financial factoring and is sometimes called accounts receivable financing.

Factoring or invoice factoring is the sale of commercial invoices at a discount for immediate cash. Typically, you'll get up to 90 % of the face value of your invoices and get the balance when your customer pays -minus a service fee.

The cash you receive from the sale of your invoices is without recourse -- which means the buyer of your invoices cannot come back to you for reimbursement if your invoices are not collectable. It's the buyer's loss and not your loss. The buyer of your invoices waits to get paid by your customers, while you enjoy a lump sum of debt-free cash without having to wait 30, 60 days or longer until your customer pays you. Factoring frees up your cash tied-up in invoices for long periods of time.

As a cash flow solution, invoice factoring or factoring, improves cash flow for growing companies from small to large corporations -- as it has done for decades. A recent article in the Wall Street Journal stated the following:  "Industry sources estimate that billions of dollars in accounts receivable will be factored this year".

Here's what factoring or invoice factoring can do for you: 

Cash Now--No Waiting

• Increases cash flow without adding debt, thereby strengthening your company's balance sheet. 
• Provides you with cash without personal guarantees.
• Provides you with a continuous and unlimited source of cash as your business grows.
• Improves cash flow to meet payroll, pay taxes, pay vendors, pay bills and fund business growth.
• Provides you with risk protection against customer payment default or insolvency.
• Eliminates the delay and expense of collections.
• Gives you the ability to offer better financial terms to your customers
• Allows you to take advantage of supplier discounts for early payments.
• Funding to you is not dependent on past credit history.
• Can help when banks say no!

Factoring is a proven cash flow solution that is easy, stress-free and provides you with great flexibility! You are always in control. You can start, stop or continue factoring as needed. No contracts to sign and only 2 to 5 minutes of paperwork required. It's that simple!

The cost of factoring or receivable factoring is higher than commercial bank financing. However, you may find the extra expense worthwhile when weighed against the advantages of  factoring.

You are eligible for factoring services if you have invoices for product delivered or services rendered to a creditworthy commercial business or government entity or agency. Just about all industry groups are eligible for factoring services. Listed below is a partial list of industries:

Could a lump sum of debt-free cash improve your cash flow and help your business grow? HLC Financial Services can help you turn your invoices into an immediate cash flow solution. Funding starts at $10,000 in monthly invoices. For questions or more information, call (708) 225-1483 or write to: info@hlcfinancing.com. We care about your business!

The asset-based financing solution

Between bank financing and factoring is asset based financing, also known as ABL (asset-based lending). This alternative business financing technique uses your business assets as collateral to secure funds for working capital, equipment purchases, restructuring, business acquisitions and other capital needs. The business assets frequently used for asset based loans include accounts receivable, inventory, equipment and real estate.

An asset based loan is frequently easier to obtain than a bank loan because there is more focus on the quality of the collateral than your company's business financials, forecasts and profitability. Lenders assume a higher level of risks, which provides you have greater flexibility, access to capital and faster funding. 

A simple asset-based loan is from $300,000 to $5 million or more based on the worth of your commercial invoices or accounts receivable. This is also called accounts receivable financing. For your convenience, an accounts receivable-based loan can be structured as a line of credit. It is not considered borrowed money until you actually use it. If used, it is repaid as you are paid from the collection of your accounts receivable. The line of credit, based upon your receivables, helps you meet your day-to-day cash flow needs for your business. It's a cash flow solution that makes cash available to you on as needed basis.

Essentially, asset-based financing provides you with the following benefits:

• Better opportunities for funding:  Funding sources assume a higher level of risks -- good for highly leveraged conditions,  rapidly growing businesses and turnaround situations. 
• Reduces your need for equity
• Greater capital access and flexibility
• Faster funding compared to traditional funding sources

HLC Financial Services specializes in asset based loans for  manufacturers, staffing companies, security firms, environmental companies and service providers.  Funding  can start as low as $250,000 and is limited only by the quality and richness of your business assets.  For more information, call 708-225-1483 or write to: info@hlcfinancing.com  We are serious about helping your business.

Purchase order financing: The cash flow solution for importers

Get 100 % financing for the manufacturing and shipment of finished goods from your overseas supplier to your U.S. customer through purchase order financing. Purchase order financing is a short-term funding solution used to finance the purchase or manufacture of goods that have been presold to a creditworthy customer. Letters of credit are also available.  

For fast cash flow solutions, factoring services and  alternative business financing -- call (708) 225-1483 today or write to: info@hlcfinancing.com. We make it happen for you.