A/R Factoring
Your Problem
Why do 85% of new businesses fail within five years? Because of insufficient cash flow; most customers don't pay on delivery. Instead, they take their time paying invoices — and use the money they owe for their own benefit.
So your unpaid receivables pile up. And up.
If you could access the cash behind those receivables, you could make the investments that would pay off for your business...like investing in new equipment, hiring essential employees, and marketing your business more effectively.
Plus, collecting those receivables takes up your valuable time. That keeps you from focusing on your business — on the things you do best.
Why not go to a bank for a loan? Banks use credit committees, which are often slow to act. A bank line of credit may not be accessible or flexible enough for your business. You need a quick solution — without the constraints associated with banks and equity participation.
The Solution
To solve their cash flow problems, more and more businesses are partnering with Concord. We can take over your back office credit and collection duties, and provide you with cash right away — as much as 95 percent of your receivables, depending on your industry — and free you to concentrate on growing your business!
That's all. Concord doesn't charge you to apply for or maintain an account. And we don't ask for long-term commitments — you can use our service as you need it. Almost any business-to-business transaction done on credit terms with a verifiable invoice is eligible for financing.
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Along with ready access to cash, Concord provides:
- Increased sales by taking on new customers and extending better credit terms
- Increased purchase power by taking advantage of cash discounts and volume purchases
- Professional customer service
- Free credit investigations
- Free lockbox service
- Free electronic fund transfers
- Meet payroll and tax obligations
- More time to grow your business
- Defend against credit losses
- Pay past due suppliers
- Cut administrative overhead
- Purchase additional inventory/equipment
- Finance large seasonal orders
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