Factoring

Obtain Fast Cash Without Incurring Additional Debt

Factoring accounts receivable gets you immediate cash to use without creating debt on your balance sheet. A typical factoring company releases money directly against unpaid sales invoices—usually up to 90 percent or more of its value—within 24 hours after a company has issued it. The remaining balance, less the factoring company’s fee, is normally made available to you when your customer pays the outstanding invoice.

This service is particularly suited to emerging and high-growth companies as well as those companies unable to take advantage of more traditional lending arrangements due to capital and/or collateral limitations. If this describes your company’s situation, Enterprise Financial Partners can help you establish a relationship with a factoring company that meets your specific needs.