FACTORING - Get your money today
Companies choose receivables financing for a lot of good reasons: periods
of rapid growth that outpace resources, slow payment from debtors, unmet
start-up company projections, concentration limits that suddenly cause
an existing lender to shy away from continuing to finance your business.
Whatever the reason, companies all enjoy one common benefit of factoring:
enhanced cash flow. That's because factoring lets you "sell" your invoices
in exchange for immediate funds. There's no waiting for customer payment
to arrive.
Moreover, credit worthiness is based largely on that of your customer?not
that of your company. So compared to traditional forms of financing, factoring
offers a more streamlined application and credit approval process.
Compass Funding Solutions helps carriers focus on what they do best; maintain
and build relationships with brokers and shippers. We can handle credit
management, billing, collecting, and cash application. By outsourcing
these tasks, a carrier, or any company, can maximize its resources and
profits.
Once you begin factoring and you have adequate cash flow, you can begin
to pay your bills in a more timely manner and start establishing, or improving,
your credit. This improves your chances of getting credit terms from suppliers
and improves your chances of getting conventional financing in the future.
We can even work with you if you have tax problems or are in bankruptcy.
Compass Funding Solutions will provide you with credit information on
new customers, which enables you to make better credit decisions. Compass
Funding Solutions will also provide ongoing credit monitoring of existing
customers to make sure there is no significant diminution in their credit
status.
Factoring is the only source of financing that grows with your sales.
As sales increase, more money becomes immediately available to you. This
allows you to constantly be able to meet increasing the increasing demands
within your industry.
