When you are looking for factoring services 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 customers’ credit. Many companies need additional cash flow to support seasonal demands, growth, and more; and Crestmark’s Commercial Capital group can help.
There are two types of factoring services which are frequently used. Crestmark offers Discount Factoring services, also know as Recourse Factoring.
Invoice 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.
Are Factoring services the right solution for your business?
Every company is unique. From your business model to your exact financing needs, you deserve something tailored to your needs – and that’s exactly what Crestmark will provide. Let one of our funding experts discuss options with you and help guide you to the best solution.
Call us at 888.999.8050, or submit the form, to connect with a team member; we’ll be in touch with you shortly.