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Accounts Receivable Factoring |
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| Get Started Today |
| Download this Accounts Receivable Application Word / PDF
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| Fill it out and email to info@mbsfinancial.com or fax to 336-217-8155 |
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| MBS Financial, LLC recommends also downloading and filling out the Business Information Sheet Word / PDF
to maximize your commercial funding opportunities.
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| Utilizing a platform of round table underwriting - MBS Financial, LLC offers unique solutions to virtually any commercial funding requirement.
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What exactly is factoring?
Factoring is the purchase of your accounts receivable (invoices) in order to provide you with the cash flow you need when you need it.
Factoring is a widely accepted business practice used by large, mid-sized, and small companies.
Here's how it works. You perform a service or deliver a product and you are ready to invoice your client.
Complete the application above and email or fax a copy of the invoice(s) over to us. In most cases, you can have the cash you need in 48 hours. Once you have established your account, the process takes just
24 hours usually.
What types of receivables pay me cash?
Any type of receivable for which a service has already been rendered or a product has been delivered with a few exceptions.
How much cash will you give me for an invoice?
You will be paid 70%-80% of the invoice amount right away. When the payment is received for the invoice, you will be sent the remaining 20%-30% less the service fee.
What will my clients think?
Selling your receivables only changes the address to which your clients remit payment. Your clients don't need to pay faster, and the name on the check (your business)
stays the same.
I have clients all over the U.S. Are there any restrictions?
No. We can work with any business or government agency in the United States.
What if my client does not pay?
There is no requirement of a personal guaranty of collection. If your client's business goes bankrupt and payment is not remitted,
then the factoring company assumes the loss of funds that was advanced to you. If payment is not remitted due to a dispute with you, the factoring company will work with you to reclaim funds.
Factoring (selling your receivables) is a widely used corporate growth tool.
From your clients' perspective, your company is probably not the first to utilize this source of cash. They understand that your business is growing and
that you need cash to fuel that growth.
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