What is factoring?
Factoring involves the selling of invoices to a third party company at a small discount in order to improve cash flow. When a business uses invoice factoring, they benefit through an immediate boost to cash flow, while at the same time eliminating the need to process invoices. You will no longer have to wait 30,40,50, or even 60 days to get paid. Instead you will receive payment within 24 hours from when the invoice is submitted. This instant cash allows companies to maintain positive cash flow even if a traditional bank loan is not an option.
Benefits of factoring
For years, OTR Capital has been working with small, medium, and large companies, in a variety of industries, to solve cash flow problems by providing quick, easy, and affordable funding. Our clients have seen the benefit of this readily available capital through steady and continued growth…having more cash on hand enables you to take advantage of more opportunities, leading to sustained growth potential!