This is a program that basically allows your business to turn income streams into instant cash. It is often used when obtaining lines of credits and other conventional loans is undoable or disadvantageous.
A commonly used approach, you can turn your accounts receivable into cash by selling them to an organization specializing in what is called Accounts Receivable Factoring (ARF). As it does not require a business plan or tax statements, ARF is a quick way to obtain cash, particularly if your company has the majority of its capital tied up in inventory. Other options of working capital finance are available and our consultants will tell you which one is the ideal for your business.