Factoring

Factoring is a fast and easy process, giving you capital quickly. It is not a long-term debt or obligation, there are no down payments and you can receive a substantial portion of the invoice less our fees.

Depending on the structure of the factoring, it may or may not be a recourse factoring. With no recourse, our collection effort is solely against your customer. With full recourse, we can turn to you for repayment in the situation where your customer does not pay. Every agreement is specific, and you need to discuss the terms of your factoring with your representative.

While used in a wide range of industries, wholesalers and distributors frequently make use of factoring when selling to stores, online retailers and big-box retail. Many have 60 to 90 day payment terms which type capital too long. Factoring gets you your capital quickly and allows you to continue doing business and driving additional revenue before your customer pays their invoice. Distributors, shippers, transportation companies and others similarly leverage the power of factoring

Some companies do factoring on occasion. Others factor on a regular basis, shortening their time to collect capital to nearly zero. This allows them to continue to drive more sales and business without concerns of cash flow. Their profits on those additional transactions far outweigh the costs associated with factor.

Contact Millstone funding today to find out how we might be able place you into one of our factoring programs and get you the capital you need.