Crestmark’s Factoring Services
When you are looking for factoring to help you access working capital and provide cash flow, look no further than Crestmark. Factoring has been around as long as commerce itself. It is the sale of your accounts receivable to a buyer (or factor), that lets your company access cash beyond its own equity based on the strength of your customer’s credit. Many companies need additional cash flow to support seasonal demands, growth, and more.
There are two types of factoring which are frequently used. Click on the links below for more information about the different types of factoring services available.
Factoring provides your business with flexible and immediate cash to support business growth, restructure, take advantage of supplier discounts, or even to fund payroll. It is less restrictive than equity financing, allows you to access cash without having to give up company share, and gives you daily access to your eligible availability when you request it. Factoring can also increase and decrease based on your current business size and needs, and allows you to gain administrative support to manage your receivables without additional staff.
Is Factoring the right solution for your business?
Your business is unique with working capital needs all its own. Our professional, experienced Business Development Officers will work with you to understand what best fits your business and cash flow needs, and a team of financing specialists will create a working capital solution specialized for you.