Invoice Factoring with CoreFund Capital
Whether you’re unhappy with your current invoice factoring provider or simply curious about learning how we can help you, CoreFund Capital’s staff looks forward to earning your business. Our transparent reporting and all-inclusive fee structures mean you’ll never be “surprised” when you factor with CoreFund.
About Invoice Factoring: Definition & Benefits
As an alternative to bank loans and other funding options, invoice factoring has been used for thousands of years and throughout a wide range of industries. Factoring services outsource the invoice collections process to a third-party who pays you directly; oftentimes on the same day as the delivery. This third-party, known as the ‘factor’, then collects the amount owed by the shipment recipients. Because that collection can take weeks, factoring has become a proven method for streamlining cash flow.
Here are a few of the benefits to leveraging invoicing factoring services from CoreFund Capital:
- Accelerates the transition from account receivable (AR) invoices into cash
- Outsources your AR tasks, allowing you to focus on mission-critical tasks
- Reduces the need for bank loans or credit cards with high interest rates
Reduce Gaps Between Completed Jobs & Payment
Few business problems can be more frustrating than not getting paid for a job you successfully completed. After all – you and your staff work hard for your customers, so your organization should be rewarded. This doesn’t always happen when you’re doing business with other organizations that may not prioritize paying invoices in a timely manner. Freight bills are often the last to be paid. That gap between delivery and receiving payment is not only frustrating, but it also creates problems that may jeopardize your livelihood.
With invoice factoring through CoreFund Capital, you gain a partner who takes those collection tasks off your plate. With same day funding, you can get paid almost immediately, allowing you to leverage those funds to improve your business, meet payroll deadlines, or complete other critical tasks.
To learn more about putting CoreFund Capital’s expertise to work for you, contact us now!