Business Financing Options
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Accounts Receivable Financing
Coastal Capital Group offers Accounts Receivable Finance programs that fit your needs at the best rates available and unsurpassed customer service. From standard invoice factoring, to hybrid programs including Contractor Project Financing, Medical Professionals Receivables Financing, and more, we’ve got you covered!
Unlock the Cash Tied Up in Your Receivables
Accounts Receivable Financing, or Factoring as it is commonly called, is the sale of accounts receivable invoices at a discount to a third party who assumes responsibility for collections. Many companies offer credit terms for their products or services to businesses. They typically don’t get paid for 30-90 days or more. Eventually, they find themselves needing working capital to fund growth and can access cash from the hidden asset they already have in receivables without incurring debt. A/R factoring is the liquidity solution of choice for a growing business.
Accounts receivable financing is based on your customer’s credit, not yours. So we can offer to finance receivables for start-ups, companies losing money, or even businesses in bankruptcy.
With Accounts Receivable Financing you are selling an asset, not taking a loan. You do not incur a debt and do not have any payments to make, and you are not liable if an account fails to pay.
There is another very important advantage to factoring your receivables. You are in effect
outsourcing you’re A/R department. Factors assume the responsibility of servicing your accounts, providing a valuable service, saving your company considerable expense, and providing you with detailed monthly statements. You can take the burden of collections and the arduous task of constant Accounts Receivable postings away from your office staff. Additionally, because they check and monitor your customer’s credit for you, they can help you identify bad risks. In most cases you even get free credit insurance on your accounts.
Consider The Benefits of Accounts Receivable Financing
- Fast Funding. Cash in 24 Hours
- No Personal Guarantees
- Any Type of Business Qualifies
- No Recourse to you Even if the Account Does Not Pay
- Free Credit Insurance on Your Clients
- No Credit Review for Your Company
- No Payments
- As Sales Increase so does Receivables and Funding
- Allows You to Focus On Your Business, Not Collections
You Can Use the Money For Whatever You Choose.
- Fund Payroll
- Operating Expenses
- Purchase Inventory to Take Advantage of Bulk/Early Payment Discounts
- Finance Growth or Expansion
- Respond to Seasonal Demands and Opportunities
- Take on a Large New Account Without Cash Flow Concerns
The Assets You Already Have In Your Business
Are All You Need to Help Your Business Grow!
Contact us today and one of our A/R financing
specialists will give you a no-cost analysis of what we can provide
for your company.
Specialty Accounts Receivable Financing Programs
If you are in need of specialized A/R financing Options, please see our pages on:
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